I like this plan.

[Colin Stolzer]

A friend of mine emailed this to me today, and I thought it was worth sharing:

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 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 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.

Kindest personal regards,
Birk
T. J. Birkenmeier, A Creative Guy & Citizen of the Republic


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!!

P.P.S. Even if the number is 250 million adults, the share is $340,000
gross each!!! ($238,000 net after that estimated 30% federal tax rate)
Your state and local governments will want "their share" too, but
think of all the pre-financed public works projects that could get done. More jobs!
Repave streets and upgrade utilities--that needs labor, and equipment
and materials. This is way better than "trickle-down" economics--it would be "tidal
wave" economics! Make sure the $25 billion that goes right back to Uncle Sam gets used for debt reduction.


PPPS--I heard on the radio that the total of all recent and potential
near-term bailouts may reach $500 billion. Put another way,
half-a-trillion dollars. Or 500,000 million!

I like this plan, especially since I have no debt, I could do some incredible things for the cause of Christ with that kind of money.

C

[bzmomo7]

We all ought to e-mail THAT idea to Washington! It communicates a whole lot in a little space.

[Salyan]

I wish...

[deputydog530]

Works for me :wink

[trc123]

The math is off a bit I think. Or am I mistaken?

[tarheel]

It would work out to $425 each if divided by 200 million.

[Colin Stolzer]

You all should lighten up once in a while and just look at things for the irony in them once in a while.

And besides whoever wrote it was probbably using the same calculator that congress does, cause theirs has been broke for years. LOL

C