How to End the Financial Crisis in America… NOW!
(3) Comments So Far... What do you think? September 24, 2008Here is the perfect bailout plan for America. Give every American over 18… $425,000 in cash!
Best plan we have heard so far!
The $85,000,000,000.00 bailout of AIG.
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 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, This plan only really costs $59.5 Billion because $25.5 Billion is returned instantly in taxes to Uncle Sam.
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You have to wonder why we are being mipluationed in to this settup? We only needed $600, billion to cover all morgages losts. I think this is going to start a revlation that may not be stoped. It has been going on very slowly,but this will set it. This revlation is like no other ever seen before. Conplacencie! Why work! It’s just going to be taken away from ya one way or an other. Try and get somethink built. Try and get your boiler fixed in the winther on a cold snap. it takes only 8 hr’s and your pipes frezzup. The storm knok’s down the power in a winter storm. You think you will be able to find anyone togo clime a pole or get in a bucket to work with something that is invisable that can kill them for a bunch of fat cats. You can have all the money in the world but it’s going to be more diffacult to find personal to do work when needed. This is the intersturshure need to keep in operation going.
I short we will not beable to maintane anything. The cost will sky rock. just think now oil put in an Eng. when needed. Now look at the cost. Now think of a city neededs repairs, and a storm takes the power out. Temp is 28 F out. the reason the outage is some thing simple. But there was poor maintance makeing the outage that normaly would not have happened if mantained right. How much $$$$? I’ll doit when its nice out. I don’t care how much you pay. ( you guys just take it back from me anyway.) Let me count the ways. Inflastion, higher tax bracket, and it goes on.
Well… I thought the math in the original post I got in an email seemed fishy and I am right… I must be an idiot, but if you do the math, we don’t get $425,000 per person…. We get $425 each….
So… sorry, sounded like a good but, ya…. the math is WAY off… I suppose I should just delete the post, but I want to see what other people think, maybe someone has a better solution huh?
I guess something is better than nothing, but… someone’s getting $700 Billion now it looks like.
Jeff
My thoughts? You’re advertising, as a Christian, ways to supposedly get wealthy, etc., here on this site, yet you post this immediately without doing the math first! Of course it’s WAY off (only $425/person). But the bigger problem is that anyone would think this is a good idea even if the math DID add to $425,000….! This is a sick philosophy, and completely unbiblical! (getting something for nothing–a.k.a. wealth distribution/socialism).
I sincerely doubt you have a whole lot of wealth (based on falling for this to begin with), and are just trying to acquire it by “advising others” (the old, ‘those who can’t do, teach’ syndrome).
Get wisdom, brother!
(BTW…we are young forties, and have a net worth of over 11 million, so I think that gives us a bit of authority to speak into this area.)