bosco Posted January 8, 2011 Share Posted January 8, 2011 Bail Out Plan Now here's a bail out plan that works! I'm against the $85,000,000,000 bailout of AIG. Instead, I'm in favor of giving $85,000,000,000 to America in '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 b e 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 t o 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 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 candidates 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 es tate. 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, this 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. You don't want to even hear what I think about the stupid mortgage companies that loaned out billions of dollars to people who they knew had no way of paying back the loans, with both sides of the equation interested in one thing...fast money. But it didn't work, and now we're supposed to bail out those idiots too??? Stay Stock Stay Happy Link to comment Share on other sites More sharing options...
fishbone Posted January 11, 2011 Share Posted January 11, 2011 300 grand in you bank account? Who'd be against that? Link to comment Share on other sites More sharing options...
-The Boss- Posted January 11, 2011 Share Posted January 11, 2011 This might just work! Porn I would buy porn with my 300k. Helping single moms everywhere! Link to comment Share on other sites More sharing options...
Penguin Posted January 11, 2011 Share Posted January 11, 2011 Ever heard of hyper-inflation? This is a bad idea just for that reason alone. Link to comment Share on other sites More sharing options...
bosco Posted January 11, 2011 Author Share Posted January 11, 2011 Then dole it out over time say 5 years. i wants my money Stay Stock Stay Happy Link to comment Share on other sites More sharing options...
fishbone Posted January 11, 2011 Share Posted January 11, 2011 I don't pretend to have mastered the knowledge involving market forces, but having a paid off house, for one, I think, would enable an individual or family to direct disposable income elsewhere, no? Link to comment Share on other sites More sharing options...
praedet Posted January 14, 2011 Share Posted January 14, 2011 $85 Billion divided by 200 million is $425 dollars a person before taxes... Link to comment Share on other sites More sharing options...
fishbone Posted January 14, 2011 Share Posted January 14, 2011 Try Windows calculator which lets you punch in a BUNCH of zeros and see what you get. Link to comment Share on other sites More sharing options...
bosco Posted January 14, 2011 Author Share Posted January 14, 2011 The math has been shown to be wrong. Closed Stay Stock Stay Happy Link to comment Share on other sites More sharing options...
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