Check out this dudes plan.
AIG BUYOUT
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 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 more than I 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.
PS DESMO"S FOR EVERYONE [drink] [beer] [clap] ;D
[clap] I like that idea more then my taxes paying for asshole who make bad investmets
Great plan I would even be ok with 40% tax:) Now that would be a real economic stimulus check.
I hate to be the downer here, but your math is off by 3 decimal places.
$85 billion / 200 million people = $425.00 / person
not 425,000.00
You might have read that the cost for the bailout is about 6k a person or something like that.
http://finance.yahoo.com/tech-ticker/article/67605/Bailout-Cost-6K-Per-Taxpayer...Or-Nothing-at-All?tickers=XLF,AIG,FNM,FRE,GS,MS,SCHW (http://finance.yahoo.com/tech-ticker/article/67605/Bailout-Cost-6K-Per-Taxpayer...Or-Nothing-at-All?tickers=XLF,AIG,FNM,FRE,GS,MS,SCHW)
Quote from: soundguy on September 25, 2008, 02:09:33 PM
I hate to be the downer here, but your math is off by 3 decimal places.
$85 billion / 200 million people = $425.00 / person
not 425,000.00
You might have read that the cost for the bailout is about 6k a person or something like that.
http://finance.yahoo.com/tech-ticker/article/67605/Bailout-Cost-6K-Per-Taxpayer...Or-Nothing-at-All?tickers=XLF,AIG,FNM,FRE,GS,MS,SCHW (http://finance.yahoo.com/tech-ticker/article/67605/Bailout-Cost-6K-Per-Taxpayer...Or-Nothing-at-All?tickers=XLF,AIG,FNM,FRE,GS,MS,SCHW)
LOLOLOL Damn math gets in the way of dreamin'
Quote from: ducducgooseme on September 25, 2008, 03:07:35 PM
LOLOLOL Damn math gets in the way of dreamin'
I like Mad Ison's math better. I could do a lot with those 3 decimal places. Darn math - always a buzz killer! [bang]
guess i better call the shop...i was planning on spending that bonus on the desmo. damn it.
"um yeah, smitch, sorry dude...but math got in the way of the new toy"
Quote from: soundguy on September 25, 2008, 02:09:33 PM
I hate to be the downer here, but your math is off by 3 decimal places.
$85 billion / 200 million people = $425.00 / person
not 425,000.00
You might have read that the cost for the bailout is about 6k a person or something like that.
http://finance.yahoo.com/tech-ticker/article/67605/Bailout-Cost-6K-Per-Taxpayer...Or-Nothing-at-All?tickers=XLF,AIG,FNM,FRE,GS,MS,SCHW (http://finance.yahoo.com/tech-ticker/article/67605/Bailout-Cost-6K-Per-Taxpayer...Or-Nothing-at-All?tickers=XLF,AIG,FNM,FRE,GS,MS,SCHW)
some times sounds guy I really dislike you thanks for pooping on my dream
Odd, I was just espousing my "bailout plan" to my friend this morning. Essentially, I suggested that instead of giving a boatload of $$$$ to the wall street execs, we should just pay off all those threatened mortgages. Now the financial firms have capital and no more bad debt. Now most people have an asset and maybe even some cash in their pockets to a) spend in our economy b) open a business, thus strengthening our economy c) invest in local or nationwide businesses to (you guessed it) strengthen our economy. My friend said he'd email some folks he knew in the CO gov't. I'm waiting by my mailbox for my check..... [laugh]
[mod hat]
This is a political discussion. As we have a "Politics (probationary)" board on the greater DMF, I see no reason to have a fit about this one. As long as it stays civil. To that end I recommend that we avoid discussion/blaming of parties, candidates, etc.
[/mod hat] Geez, that thing squeezes my melon.... :D
I didnt look at the math LOL
It was sent to me in a email.
Oh well it was fun to dream
"I am so make the beast with two backsing stupid!!! I always make the beast with two backs up on some mundane detail like putting the decimal point in the wrong place. Damnit!!!" - Michael Bolton
manny....what about us joes that pay our mortgage and werent stupid enough to over extend and run up bad credit too?
i like the decimal idea better.
I support the We Deserve a Dividend plan as well. [thumbsup]
I would like enough dividend to move my decimal to a quiet beach and be served drinks by topless Babes...
Quote from: ducducgooseme on September 26, 2008, 11:41:13 AM
manny....what about us joes that pay our mortgage and werent stupid enough to over extend and run up bad credit too?
i like the decimal idea better.
Well.... that'll teach you to be responsible.... [cheeky]
Hell, I lose either way. I pay taxes and I don't have a mortgage that can be bailed out. I'm only a renter. :'(