Wednesday, November 19, 2008

A bailout that makes sense!

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 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 person 18+ as a 'We Deserve ItDividend'.
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 jobsInvest 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 $1K ( 'vote buy' ) economic incentive.
If we're going to 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 didn't.
But can you imagine the Coast-To-Coast Block Party! How do
you spell Economic Boom? I trust my fellow Americans
to know how to use the $85 Billion 'WeDeserve It
Dividend' more than I do the geniuses at AIG or in
Washington DC. And remember, The -plan only really costs
$59.5 Billion because $25.5 Billion is returned instantly in
taxes to Uncle Sam.