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Old 09-27-2008, 01:51 AM
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kathytheshopper kathytheshopper is offline
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Quote:
Originally Posted by wildwood View Post
Finally! Gingrich says something I can agree with. What's the hurry? Why can't they take their time and do it right? Not that I'm sure we need to do anything. You may have seen this already, but I think it's clever. Someone emailed it to me the other day. And I think it applies to the whole bail-out fiasco."Here's the Fix"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 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 gradsPut away money for college - it'll be thereSave in a bank - create money to loan to entrepreneurs.Buy a new car - create jobsInvest in the market - capital drives growthPay for your parent's medical insurance - health care improvesEnable 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 ythat 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 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 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 BillionWe Deserve It Dividend more than the geniuses at AIG or in Washington DC .And remember, The Family plan n 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.
I could do a lot with that money!!!