A different kind of bailout

[guest002]

This is from my dad's cousin, Ray, and it's Very interesting!
Paula


Subject: Bailout

This idea sounds just crazy enough to possibly work, so
naturally it won't be given serious consideration. How
great is our bureaucracy!!

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+. (That has paid US taxes in their
lifetime).

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, Ray's 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,

Your Friend,
Ray

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!!

--
When told the reason for Daylight Saving time the old
Indian said...
'Only a white man would believe that you could cut a
foot off the top of a blanket
and sew it to the bottom of a blanket and have a longer
blanket.'

[Lady_V]

This was posted somewhere else the other day... as much as the $425K sounds... the math is wrong.

It's only $425.00