My Uncle sent this to me tonight. (Re: Bailout)

[YellowRubberDuckie]

While it's probably joking, what'cha think?
Duckie


Interesting Concept!



Now here's a bail out plan that works!

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 "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 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

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, State

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???

[PeaceNikki]

1. That math is VERY wrong

85,000,000,000/200,000,000 = $425.00 not $425,000.00.

[YellowRubberDuckie]

2. Yeah....

But it was a nice thought.

[elfrangel]

3. I got the same thing as a post on my myspace...

with one addition though....


"
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."

UMMMMM...didn't Bush & his cronies already do this?????? Economic stimulus package??

[YellowRubberDuckie]

4. We need a few more.

And this time people need to work on getting out of debt.
Duckie

[elfrangel]

5. I agree....n/t