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Thread: Alternative to AIG bailout

  1. #1
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    Default Alternative to AIG bailout


    Got the e-mailed to me, I thought it was an interesting way to look at the AIG bailout

    Written by T. J. Birkenmeier
    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.
    If we're going to do an $85 billion bailout, let's bail out every adult US 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.
    Last edited by zinsurance; 09-26-2008 at 11:25 AM. Reason: spacing
    Goodnight Vienna...Pistols Firing!!!

  2. #2
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    agreed...

  3. #3
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    I have a problem with the figures. I used the calculator on my computer and divided $85,000,000,000.00 by 200,000,000 people and after 3 times I got the same answer of $425.00 per person. Am I doing something wrong?

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    yeah...multiply your $425 x 200,000,000 and I think you'll see where you went wrong.

  5. #5
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    Thumbs down Calculator says ....

    $425 x 200,000,000 = $85,000,000,000

    It would take 85 Trillion US dollars to give each 18+yo person $425,000

    200,000,000
    X $425,000
    _________________
    $85,000,000,000,000


    ... cp

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    Quote Originally Posted by crappiepappy View Post
    $425 x 200,000,000 = $85,000,000,000

    It would take 85 Trillion US dollars to give each 18+yo person $425,000

    200,000,000
    X $425,000
    _________________
    $85,000,000,000,000


    ... cp


    link

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    your right beatle...I left a zero off when I went to figure it.....man that's a lot of money!

  8. #8
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    well do the whole 700 billion they were talking bout and i think the number of adults is lower bout 100 mill....so bout 7 k per person. still better then giving it to multi billion organizations who are paying there ceos tens and hundreds of millions of dollars

  9. #9
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    Lightbulb way to go

    Quote Originally Posted by zinsurance View Post
    Got the e-mailed to me, I thought it was an interesting way to look at the AIG bailout

    Written by T. J. Birkenmeier
    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.
    If we're going to do an $85 billion bailout, let's bail out every adult US 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.
    this is a good plan but the rich who run our country would never let it happen!Its the rich man who will lose the most if the stock markets crash!And they are fixen to crash!:o
    I PRACTICE CATCH & FRY---DONT EVERYBODY ? Thumbs Up

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