microfarmer

From T. J. Birkenmeier:

I'm against the $85,000,000,000.00 bailout of AIG.

Instead, I'm in favor of giving $85,000,000,000 to America in
a We Deserve It Dividend.

To make the math simple, let's assume there are 200,000,000
bonafide U.S. Citizens 18+.

Our population is about 301,000,000 +/- counting every man, woman
and child. So 200,000,000 might be a fair stab at adults 18 and up..

So divide 200 million adults 18+ into $85 billon that equals $425,000.00.

My plan is to give $425,000 to every person 18+ as a
We Deserve It Dividend.

Of course, it would NOT be tax free.
So let's assume a tax rate of 30%.

Every individual 18+ has to pay $127,500.00 in taxes.
That sends $25,500,000,000 right back to Uncle Sam..

But it means that every adult 18+ has $297,500.00 in their pocket.
A husband and wife has $595,000.00.

What would you do with $297,500.00 to $595,000.00 in your family?
Pay off your mortgage – housing crisis solved.
Repay college loans – what a great boost to new grads
Put away money for college – it'll be there
Save in a bank – create money to loan to entrepreneurs.
Buy a new car – create jobs
Invest in the market – capital drives growth
Pay for your parent's medical insurance – health care improves
Enable Dead beat Dads to come clean – or else

Remember this is for every adult U S Citizen 18+ including the folks
who lost their jobs at Lehman Brothers and every other company
that is cutting back. And of course, for those serving in our Armed Forces.

If we're going to re-distribute wealth let's really do it...instead of trickling out
a puny $1000.00 ( "vote buy" ) economic incentive that is being proposed by one of our candidates for President.

If we're going to do an $85 billion bailout, let's bail out every adult U S Citizen 18+!
!
As for AIG – liquidate it.
Sell off its parts.
Let American General go back to being American General.
Sell off the real estate.
Let the private sector bargain hunters cut it up and clean it up.

Here's my rationale. We deserve it and AIG doesn't.

Sure it's a crazy idea that can "never work."

But can you imagine the Coast-To-Coast Block Party!

How d o you spell Economic Boom?

I trust my fellow adult Americans to know how to use the $85 Billion
We Deserve It Dividend more than I do the geniuses at AIG or in Washington DC .

And remember, The Birk plan only really costs $59.5 Billion because $25.5 Billion is returned
instantly in taxes to Uncle Sam.

Ahhh...I feel so much better getting that off my chest.

Kindest personal regards,

Birk

T. J. Birk enmeier, A Creative Guy & Citizen of the Republic

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lt_eggbeater

Dude your maths a little off, everybody would get $425 not $425,000. I'm guessing your not an economy major or a CPA. lol!

mskitty38583

1. i could build a greenhouse( and live in it and give my kids the house)
2. could pay off my parents mortage ( which is 3 times what i paid for my house)
3. buy my sister and bro- in law their house
4. buy my other sister a house( in her name only)
5. put both my kids through college.......
and....
still have enough money left over to.......
buy.....
more NANAS!
boost the economy: buy nana trees and gardening supplies!

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harveyc

Spoiler! lol

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bepah

Let me help everyone here:

1) the bailout is 850,000,000,000 - yes, 850 billion dollars
2) let's assume that 2/3 or so of the US population is 18 or older, we have about 300,000,000 (300 million) people in this country or so, therefore about 200,000,000 (200 million) would get a check under the proposal above
3) Dividing number 2 into number 1 gives a check of $4,250 per person.

But why give one to everyone? Why not to those who contributed (via taxes). Others, who do not pay taxes, if they were to get the bailout money, would be getting government (ie the people) welfare. They are not burdened by the bailout (they will still not pay taxes to recover this expenditure).

About 130,000,000 (130 million) tax returns are submitted to the IRS every year (more or less), but only 70% actually pay taxes, the rest get all of their withholding back. This leaves only 91,000,000 taxpayers or so (this does not count corporate or business tax returns (but of course business is evil and should not benefit from this plan).

This gives about $9341 per taxpayer/return. Still not very much.

This just goes to show how silly all of this is. The bailout could have been done without exposing the taxpayer (an explanation would take far too much space here).

Lets all just grow bananas and drink wine.

Cheers!

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John Case
Rookie Gardener, Veteran Drinker

lt_eggbeater

The bail of AIG IS 85 NOT 850 billion. The new bail out just approved by congress is 700 billion not 850 billion either.
So the math is still $425

bepah

Sorry 'bout that, but the 85 billion AIG bailout bothers me about 1/10th of the amount of the recent bailout, passed and signed into law on Friday.

It passed because about 150 billion in pork was added to the initial 700 billion in order to get enough votes to pass it (that is what the congressional leaders call 'hard work').

Ah, well, it's only money. When the dollar collapses, we will all revert to the barter system and life will go on.

Back to my wine break!

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John Case
Rookie Gardener, Veteran Drinker

lt_eggbeater

On the recent bailout it depends on how they unwind it. They could actually make money off it if done properly. They will probably screw it up though. Anyway it was the lesser of two evils at this point.

CookieCows

The barter system is alive and well in our neck of the woods. I think it's a good thing that instills camaraderie. Not to mention saves money!

The more we take care of ourselves and give to our neighbor, the less we rely on the government. I can't tell you how many people sell off some of their land out here and carry the loans themselves instead of going through a bank. The last vehicle we bought was on a handshake. He said, "I'll know it's paid off when I stop getting a check in the mail from you each month."

I suppose this sort of thing isn't a good thing for banks and the government though since our money isn't making them any money.

Deb

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damaclese

Ms kitty im moving to your town that wouldint hardly pay of my morgig much les pay off any of my flamilys and my house is prity modist its on 1700sqft dam girl! you live in a housing paridise!

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damaclese

leve it to the one guy to spoil all are dreams LOL im with you on that harveyc

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