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A $85 Billion Dollar Deal

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Author Topic: A $85 Billion Dollar Deal  (Read 64 times)
tonybhachu
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« on: September 26, 2008, 11:48:41 AM »

Here's one for the Yanks!
---------------------------------------------------------------------

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  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.    

Kindest personal regards,

PS: Feel free to pass this along to your pals as it's either good for a
laugh or a tear or a very sobering thought on how to best use $85
Billion!!

« Last Edit: September 26, 2008, 11:51:05 AM by tonybhachu » Logged

Riaxg
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« Reply #1 on: October 01, 2008, 12:48:32 PM »

You have got great imagination power and good mathematics but in real world this is not happening. So wake up and do some serious stuff.
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ctabuk
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« Reply #2 on: October 01, 2008, 12:56:57 PM »

Riaxg - This is the breakroom section.  Please be polite to all members
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HHI Golf Guy
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« Reply #3 on: October 01, 2008, 08:11:29 PM »

Well, that's a nice dream but it would never work. Why? Because man inherently covets and is dominated by greed. That's what got us in this mess in the first place.

So instead of being responsible people would take vacations and go on spending sprees instead of being responsible with the money. We'd be right back where we started. Sure, some businesses, liquor stores, drug dealers, car dealers, and big ticket appliance stores would benefit from the spending, but banks would still be knee deep in bad mortgages.

What we have learned from all of this is that there still needs to be regulation in a free enterprise economy. But regulation alone won't help. Government reform is needed, especially when it comes to lobbyists, corporate tax breaks, and special interests. Oh yeah - we need to go back to a zero based budget as well. It would take years to implement and cut all of the useless government offices, grants, and personnel but the end result would be a government that can pay down its debt.

Let's face it, if most companies ran their business like the government runs theirs, there would be a lot of bankrupt companies. Oh, wait a minute...

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