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An Alternative to the AIG Bailout

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posted on Sep, 24 2008 @ 09:46 AM
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A colleague emailed this to me:


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 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.

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 Lehmann 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.


Credit: Birk T. J. Birkenmeier, A Creative Guy & Citizen of the Republic




[edit on 24-9-2008 by jtma508]




posted on Sep, 24 2008 @ 09:48 AM
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Its amzing what you could do with all the money they throw at these things, if the money was directed away from the criminals.



posted on Sep, 24 2008 @ 09:55 AM
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But the funny thing is the criminals would still end up with a good majority of the 'We Deserve It Dividend' just in Americans trying to get out of debt.

Btw I suggested something close in another thread.

(Ie give the bailout in the name of thier debtors then you kill 2 birds with one stone...Little man helped, big man paid.)

[edit on 24-9-2008 by ATruGod]



posted on Sep, 24 2008 @ 11:19 AM
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cool and all but that math is grossly incorrect. it would be $400 and not $450,000



posted on Sep, 24 2008 @ 11:27 AM
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Originally posted by drsmooth23
cool and all but that math is grossly incorrect. it would be $400 and not $450,000


Ah no. $425,000 times 200,000 equals 85,000,000,000

Math is correct use your calculator.



posted on Sep, 24 2008 @ 11:36 AM
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200,000 does not equal two hundred million dollars. In fact it's only two hundred thousand dollars. The math in the OP is indeed off by 3 decimal places.

Epic fail.



posted on Sep, 24 2008 @ 11:37 AM
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Originally posted by Realtruth

Originally posted by drsmooth23
cool and all but that math is grossly incorrect. it would be $400 and not $450,000


Ah no. $425,000 times 200,000 equals 85,000,000,000

Math is correct use your calculator.


200,000? I thought it was 2,000,000?

See my plan is better.



posted on Sep, 24 2008 @ 11:42 AM
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no you are right it doe say 200,000,000.

Oh Well then their math is completely wrong. It is $425 per person, they are 3 decimals off.

[edit on 24-9-2008 by Realtruth]



posted on Sep, 24 2008 @ 12:08 PM
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Yup. My bad. I never checked it. I posted it as received. Clearly, the originator works for the Feds.



posted on Sep, 24 2008 @ 01:35 PM
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I'd like to add the following. Eliminate ALL foreign aid until we get our own house in order. After we have taken care of AMERICANS who are in great distress through NO fault of their own, then we can help out people in other countries. I want leaders who PUT AMERICA FIRST. Employ all AMERICANS who want to work and keep them paying into the tax base.



posted on Sep, 24 2008 @ 06:40 PM
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I've seen this posted in literally hundreds of blogs / websites. It's no wonder we have idiots in homes they can't afford and idiots giving mortgages to them. American obviously can't do math.



posted on Sep, 24 2008 @ 08:51 PM
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reply to post by Realtruth
 


hey dude. Your math is way off. $85,000,000,000 dollars divided by 200,000,000 people = $425/person. Absolute and noin debateable.

FTR, and I kn ow I'm new here, this BIRK guy is a known kookoo bird


Have a nice day and keep yer calculator close at hand at alll times.


Omar the Butcher



posted on Sep, 24 2008 @ 11:20 PM
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please don't take offense, but i'm posting this everywhere I see this moronic "idea" floated.

DO THE DAMNED MATH BEFORE YOU HIT "SUBMIT"

thank you.



posted on Sep, 25 2008 @ 11:20 AM
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Take this off your web site. You look stupid. Why don't you check the math. This is typical of what is happening in the US right now. Just follow like sheeps. You would only get $425. I think we need more money for aldult math educations !!!!!!!!!!!!!



posted on Sep, 27 2008 @ 08:10 AM
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posted on Sep, 27 2008 @ 08:14 PM
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Sadly the math only comes ot to 425 Dollars, but I like the idea



posted on Oct, 4 2008 @ 10:19 AM
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Maybe we should invest it in school math programs instead. $85B/200M = $425 per person.

And if we got the same terms as AIG the gov't would own 80% of your assets, a financial advisor would come in and run your household budget, the gov't would be able to garnish your wages, you would be required to sell your car, TV, computer and anything else you need to sell to meet your debt obligations and repay the $425 to the government at the Libor overnight rate banks lend to each other, plus an extra 8.5 percent.



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