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    Posted December 13, 2009 by
    Assignment
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    This iReport is part of an assignment:
    Signs of the economic times

    More from whatwhat

    Bail Out We The People!!!

     

    I got this in an e-mail about a year and a half ago. What are your thoughts on it?

     

    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 andchild. 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 folkswho lost their jobs at Lehman Brothers and every other company that iscutting 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 oftrickling out a puny $1000.00 ( ‘vote buy’ ) economic incentive that isbeing proposed

    by one of our candidates for President.

    If we’re going to do an $850 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 goodfor a laugh or a tear or a very sobering thought on how to best use $85Billion!!

    I am not so sure this sounds crrazy.



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