I had to share. I mean, really, food for thought:
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 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 oftrickling 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.
Ahhh…I feel so much better getting that off my chest.
Birk
T. J. Birkenmeier, A Creative Guy & Citizen of the Republic
http://danaofthebells.wordpress.com/2008/09/22/learn-somethin…r-money-systemlearn-something-our-money-system/
Try watching that. It explains a great deal about our financial situation and the great concept of where the money comes from. That’s the only reason why a system like that will never work.
We have to redo the entire thing, start from the ground up.
This post frustrated me because it made sense and now I hate the idea even more of money being tossed out for the bailout.
The fact that people like TJ (if he is real) and the hundreds of posters who continue to repost his ‘plan’ are allowed to have credit at all explains perfectly why America is in this position.
His math is off by an order a a factor of one THOUSAND.
Is the math correct?
People! People! It’s a stupid email forward! Who would take this seriously?
For the record, my bean counter hubby did the math, and it comes out to $425 per person. Note that there aren’t any zeroes on that figure.
Ha! Now please, have a chuckle and vote responsibly.
And this problem only exemplifies what’s wrong with this nation… EDUCATION!
Any way… Some basics.
85 Dollars ———————- $85.00
85 Hundred Dollars ———- $8,500.00 (aka 8 Thousand 500 Dollars) 85 Thousand Dollars ——— $85,000.00 85 Million Dollars —– $85,000,000.00 85 BILLION Dollars – $85,000,000,000.00
The above was just an exercise to make sure I have the RIGHT amount of zeros.
Next We look at “Population”. Based on http://www.census.gov/population/www/popclockus.html the population at the time I checked was around 305 Million. I think the estimate of 200 Million “Adults” is a fair assessment. Regardless, even the error will not have a significant impact (as will be seen below).
Again… Let’s go back to basics
200 People ——————— 200
200 Thousand People ——– 200,000
200 Million People —– 200,000,000
Now the math is $85 BILLION divided among 200 Million People. Right?
Time for LONG division.
425.00
________________
200,000,000 /$85,000,000,000.00
80 000 000 0
________________
5 000 000 00 (Bring the 0 down)
4 000 000 00
________________
1 000 000 000 (Bring the 0 down)
1 000 000 000
________________
0
(Please note in the Long divisions spaces were used for “Alignment Only” and are not meant for “Digit” Grouping like the commas)
So we would NOT get $425,000.00 (less 30 Percent) at $297,500.00 We Would get $425.00 (less 30 Percent) at $297.50 (If the error were 300 Million adults it would be $198.33).
So the “Stimulus” we already got was far more than this bail-out.
However… With the rest of it? Let ’em sink. Take the millions (and maybe billions) from those who allowed this or exploited it. I don’t want another stimulus… Why? Who pays for it? Oh yes… You and me. Who gets it? Oh yes You and Me AND the welfare slugs who don’t do a damn thing to help society.
My Solution? Change taxes to a FLAT rate across the board. No exemptions, exceptions, etc… If you want more kids? Go ahead… No more exemptions….
And all these slugs on the assistance? 3 Years… (Maybe 5). No more…. Also offer them “FREE” Sterilization. (Vasectomy or Tubal Ligation or whatever they prefer… NOT Birth Control though… A more permanent solution). IF they opt not to, that’s fine…. Any more kids while on the program…. Then you are OFF the program.
Those Going on the program…. Get them a job. Clean the streets, mow the grass… Many other “Community Related” Jobs. If they decline (for other than a verifiable and bonafide health reason”), then they lose any assistance… If they want a “Better” job, then have them get off their asses… And find one like the rest of us have to do.
Sorry for the long rant. I know it’s more than you ever expected… .
Have a great day.
Paul
Here is a simple fact that should let everyone know that this is a big hoax.
If you took all US money and coins in circulation and distributed evenly to every American; everyone in America would get roughly…
$2200.00
How much money is in circulation – about $812,000,000,000.00
Now consider government wants to spend $700,000,000,000.00 for a bailout. That really makes you think about how much government is asking of it’s tax payers.
HeHehE …. I love it 6 comments so far.
Money and politics gets attention very fast.
Love,
POP
Ahem! The math is not right – every citizen would get $425 ha!
While it sounds really cool, I’m sorry to say but 85 Billion divided by 200 million people is only $425.
To get $425,000 for each person over 18 that is a US citizen would require $85 Trillion which is about 10 times our national debt and about 6.5 times our GDP.
Again, cool idea but the math is off by a few decimal points.
Ha not sure if anyone noticed byt the math is wrong it’s only $425 per person hahahaha!!!1elenty