Print

Please login or register.
1 Hour 1 Day 1 Week 1 Month Forever
Login with username, password and session length

[LRebel]

Here is an interesting approach that was on a bulletin board: 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 billion that equals $425,000.00.

My plan is to give $425,000 to every=2 0person 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 candidate s 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 do you spell Economic Boom?

I trust my fellow adult Americans to know how to use the $85 billion We deserve the "We Deserve It Dividend" 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.

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

[FR8TRN]

Only to those who are bad at math.....

85,000,000,000 divided by 200,000,000 = 425     not 425,000   somebody got a bit carried away with the zero button

[arcticdude]

OOOOPPPSSS!!!

[LRebel]

Well you are right.  Should have checked the math before I copied & pasted.  Duh! 

[arcticdude]

I liked it better with the Okie math!!!

[grc]

Try it again but use $700B.  Assuming I did the math correctly, that's $3500.00 for each of the 200M adult citizens.  That is your share of the Wall Street bailout, please send cash since credit is currently unavailable. 

Jerry

[LRebel]

I liked it better with the Okie math!!!

Ok, wait a minute.  Since I have came close to embarrassing myself (over the years I have become more resistant to embarrassment), let me try to redeem this thread:

If by the math, each of the 200mil would only get $425, then logically this would mean that this "bail-out" should only cost each of us $35 per month over the next year.  Now, I wonder if we can get this in writting?  My guess is that it may only cost $35 per month, but for years and years to come... and set a precedence for more "bail-outs" for years to come.

[CVOJOE]

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" (WDID).
 
To make the math simple, let's assume there are 200,000,000 bona fide adults in the U.S.  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 (WDID). 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 $1,000.00 ( "vote buy" ) economic incentive. 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 the 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? W-D-I-D!
 
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 WDID plan only really costs $59.5 Billion because $25.5 Billion is returned instantly in taxes to Uncle Sam.

Write your Congressional representatives...yah right!!

[bilbo]

I'm afraid your math is off by a factor of 1000.

85,000,000,000 / 200,000,000 = 425

[Hugh Janis]

Try it again but use $700B.  Assuming I did the math correctly, that's $3500.00 for each of the 200M adult citizens.  That is your share of the Wall Street bailout, please send cash since credit is currently unavailable. 

Jerry

Try it again with 11.3 trillion (amount of national debt after bailout).  These are REAL dollars citizens!

[grc]

Try it again but use $700B.  Assuming I did the math correctly, that's $3500.00 for each of the 200M adult citizens.  That is your share of the Wall Street bailout, please send cash since credit is currently unavailable. 

Jerry

Obviously the Prez likes this idea, he just sent me an email asking me to be the collection agent for the eastern half of the nation.  It seems the cash requirement makes it difficult for the Treasury to handle the donations directly.

Please send your cash donations to GRC, PO Box OU812, Chicago, Illinois, 60633

Jerry

[harleyteam]

i was a little short on cash,, so I sent you my credit card(along with the pin number)  take what you need, and send it back.

[Diesel Dragon]

I was a little short on cash too so I sent you an IOU, you can collect it from my grand kids someday.

If it works for my Uncle Sam it should work for me too........

.