A New Plan For The 85 Billion
Sep 26, 2008 General
UPDATE: I thought about this after I had shut down my computer and something did not seem right. I checked the math this morning and this amounts to 425 dollars per person not 425,000 as the writer claims. I should have checked it before I posted it. Well, it seemed like a pipe dream anyway but might accurately describe government math. Some people have been kind (and others not so) enough to point out this error. Maybe it would work out if we gave the money only to those who pay taxes. I was going to simply delete it but I made the mistake so I will suffer the insults…
My apologies for being careless. What is it they say about passing along things you get in an email?
My brother sent me this in an email and I thought it sounded more reasonable than anything the Congress has come up with:
Hi Pals,
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 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 do you spell Economic Boom? I trust my fellow adult Americans to know how to use the $85 Billion
We Deserve It Dividend, [we deserve it] more than 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. Birkenmeier, 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!
Now this is pure genius and a hell of a lot better than anything the government will come up with.
Tags: bailout plan, new idea