Just got this email.....thoughts??

[OwnedByFerrets]

Hi Pals,

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 have $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 e ntrepreneurs.

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=2 0being 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 off20its 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 the Dividend more than 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

Mods, if its against rules to post this, please delete.:)

[ProdigalJunkMail]

1. old and bad math... n/t

[Jackpine Radical]

2. Right. 2 orders of magnitude off.

Make it roughly $4k per person.

[muriel_volestrangler]

3. 3 orders - $425 per person (nt)

[OwnedByFerrets]

6. Are you saying

it only works out to $425 a person over 18? ty

[Common Sense Party]

8. Yes, it's only $425 each.

http://instacalc.com/

200 million is a pretty big number.

[Jackpine Radical]

10. (7*10^^11) / (2*10^^8) = (7*10^^3)/2

=3500

Oops--you're right in re: AIG. I was foggily calculating for a total bailout cost of 700 bil here. Read 85 bil as 850 bil above, assuming it was just a different fugure for the total bailout, which will no doubt exceed 850 bil.

Careless & sloppy of me.

[tazkcmo]

4. Inflationary Recipe

I'd LOVE to have that much money but alas, it won't work. When demand goes up for products and services then so does the price. Nice sentiment though.

[Nye Bevan]

5. $85bn / 200mm = $425, NOT $425,000

So the question becomes... what would you do with $297.50 to $595 in your family?

[wtmusic]

7. Q. Will everyone pay off their loans with a handout?

A. No, they will buy Chinese toys and send more money overseas.

Bad idea.

[OwnedByFerrets]

9. Thank you all for your setting this straight...nt