Not Ranked
Not my statement. Just a cut and paste. Edit: I did the math roughly in my head and it is way off.
I'm against the $85 BILLION 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 bona fide
U.S.
citizens, aged 18+. Our population is about 301 million counting every
man, woman, and child.
So, 200,000,000 might be a fair stab at adults 18 and up.
Now, divide 200 million, 18+ adults into $85 billion - that equals
$425,000.00 each!
Yes, my plan is to give that $425,000 to every adult as a "We Deserve
It" dividend.
Of course, it would NOT be tax free. So, let's assume a tax rate of
30%. Everyone would pay $127,500.00 in taxes.
That sends $25.5 billion right back to Uncle Sam! It also means that
every adult 18+ has $297,500.00 in their pocket.
A husband and wife would have $595,000.00!
What would you do with $297,500.00 to $595,000.00?
* Pay off your mortgage - housing crisis solved
* Repay college loans - what a great boost to new grads
* Put away money for college - it'll really 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 Parents to come clean - or else
Remember this is for every adult U.S. citizen, 18 and older (including
the folks who lost their jobs at Lehmann 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!!
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.
We deserve the money and AIG doesn't. Sure it's a crazy idea, but can
you imagine the coast-to-coast block party?!
How do you spell Economic Boom? W-e D-e-s-e-r-v-e I-t
d-i-v-i-d-e-n-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, D.C..
And remember, The plan only really costs $59.5 billion because $25.5
billion is returned instantly in taxes to Uncle Sam.
Ron
Last edited by Ron61; 09-26-2008 at 08:14 AM..
Reason: Not my statement. Just a cut and paste. To Add to this line
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