Thursday, September 25, 2008

an internet forward that makes sense to me

This works for me!

It's crazy, but it just might work .....

I was doing some math and came up with similar results to this
85 Billion bail out. This e-mail is not mine but it does a good job of
matching the math. Billions, it's easy to say, harder to imagine.
Please take a minute and look at the math then think about one person
having the control of it all.

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 puny stimulus payments.

<> 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 more than 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.

1 comment:

Anonymous said...

I have some bad news... I was intrigued by the idea, but the numbers just didn't sound right to me. My calculations are as follows:

1) There are ~300 million people in the US. 75% are 18 or older, which means approximately 200 million (just to keep numbers round) are 18 or older.

2) The bailout package will end up being around $700 BILLION dollars. That buys a whole lot of gumballs!

3) 700 billion = 700,000,000,000 and 200 million = 200,000,000

4) If you divide $700,000,000,000 by 200,000,000 people, you get $3,500 for every US person over 18.

My calculation is a little off from what you got. This 'big math' always throws me off a little, though, so you might want to run the numbers again.

Cheers!

-Drew