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#1057007 - 10/02/08 08:01 PM Why don't we create a "rescue" plan this way?
BurntSienna Offline
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Joined: Aug 2006
Posts: 2,407
Midwest
I think we can all use a good smile and something a bit lighter during these gloomy days. Now THIS is a plan I can get behind! Disclaimer: I received this via email from a friend, and there was no author credited, thus I am unable to attribute the following words to their author:

"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 Deadbeat 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 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 do 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 Family 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, , A Creative Guy & Citizen of the Republic

PS: Feel free to pass this along to your pals as it's either good for a laugh or a tear or a very sobering thought on how to best use $85 Billion!!
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#1057027 - 10/02/08 08:07 PM Re: Why don't we create a "rescue" plan this way? BurntSienna
Bimmer Offline
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Bimmer
Joined: Jan 2006
Posts: 2,121
Wherever the plane lands
We went through this the other day. If you do the math, it actually comes out to $425/person. Not $425,000.
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#1057029 - 10/02/08 08:08 PM Re: Why don't we create a "rescue" plan this way? BurntSienna
B_F Offline
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Cincinnati, OH
Whoever started this failed basic math.

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#1057031 - 10/02/08 08:08 PM Re: Why don't we create a "rescue" plan this way? BurntSienna
Bacon Boy Offline
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I think this was disproved as a mathematic error. Not positive, though--but I do like this plan much better.
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#1057035 - 10/02/08 08:10 PM Re: Why don't we create a "rescue" plan this way? Bacon Boy
Pale Rider Offline
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under the Lone Star
its a 3-peat
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#1057038 - 10/02/08 08:12 PM Re: Why don't we create a "rescue" plan this way? BurntSienna
ITGuy Offline
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Joined: May 2004
Posts: 352
Alabama
That would be great! But 85 billion divided by 200 million is 425 --- not 425,000.
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#1057039 - 10/02/08 08:12 PM Re: Why don't we create a "rescue" plan this way? Pale Rider
BurntSienna Offline
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Joined: Aug 2006
Posts: 2,407
Midwest
I didn't work out the math, I didn't see it posted the other day, and I still found it funny. It was meant for a chuckle, guys, sorry it missed the mark!
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#1057044 - 10/02/08 08:13 PM Re: Why don't we create a "rescue" plan this way? BurntSienna
Bacon Boy Offline
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Cerulean, I like it too, regardless of its error.

http://www.bankersonline.com/forum/ubbth...e=4#Post1053049
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#1057047 - 10/02/08 08:14 PM Re: Why don't we create a "rescue" plan this way? BurntSienna
B_F Offline
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B_F
Joined: Nov 2006
Posts: 7,228
Cincinnati, OH
Oh, the fool who can't do basic math does make me chuckle.

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#1057154 - 10/02/08 09:23 PM Re: Why don't we create a "rescue" plan this way? B_F
Princess Romeo Offline

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Joined: Jun 2001
Posts: 8,272
Where the heart is
Can someone just tell me where to send my check for $425 so I can be done with all of this?


But WAIT....there's more. If you call NOW we'll throw in this amazing set of ginsu steak knives absolutely free.

Afterall dammit - I want a BARGAIN for MY $425!
Last edited by Bonnie M; 10/02/08 09:24 PM.
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#1057289 - 10/03/08 02:09 AM Re: Why don't we create a "rescue" plan this way? Princess Romeo
Jokerman Offline
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Posts: 12,846
Hey, did anybody realize that $85 billion divided by 200 million isn't $425,000?

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