I have a better Bail out Plan

BlueHaya

I'm outta here!!!!
Donating Member
Registered
This was written early, it is now up to 700 billion. Pass it on.
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To my fellow Americans......

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
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.

Ahhh...I feel so much better getting that off my chest.

PS: Feel free to pass this along to your pals as it's either good for
a laugh or a tear or a very sobering thought on how to best use $85
Billion!!
 
and if this was to happen then inflation would soar to 90% and a loaf of bread would cost 10,000 dollars and everyone would be broke again in about a month. Good idea but economics works diffent from common sense:rulez:. Sorry to burst the bubble but thats life. And im having a bad day at work and so i alittle mad.
 
whoever wrote this should attend elementary school again.
Not $425,000.00 but $425.00


Imagine what is going to happen IF everyone get $425,000.00

That would create another disastrous financial situation.

1. Inflation would skyrocket. It's one thing to inject liquidity into financial institutions via Fed OMO's by releasing $85b in nominal value into circulation, it's entirely another to increase everyone's income by that monumental amount. Helicopter economics.

2. The runaway rally that would take place would exceed the bubble created between 2002 and 2006 that brought us to this mess. The OTC derivatives market, instead of being somewhere at 500 trillion could end up to be 500,000 trillion. Imagine that, I don't want to.

3. The economic depression that would set in after the distribution of wealth would be unprecedented. The global economy would cease to function, as everyone would be trying to find ways to make enough income while businesses are failing in the market from the nominal decreases in prices. J.S.Mills economics: businesses in times of inflating prices make profits between the periods of change in values of their products and the increased liquidity in the currency market. When prices have to decline substantially from income declining by, say, 400 percent in one year, that's pretty bad.

So I'd love to get 500k this year, don't get me wrong!!! But I'd only love to get it if everyone else was getting their normal income
 
....and this thing is circulating in mass mailing all across the web today
 
I have an easy way to stop all the housing market problems and all these people defaulting on their loans.


STOP LENDING MONEY TO ILLEGAL ALIENS!!!!!!!!!!!!!!!!
 
I have an easy way to stop all the housing market problems and all these people defaulting on their loans.


STOP LENDING MONEY TO ILLEGAL ALIENS!!!!!!!!!!!!!!!!

Illegals will not be approved for mortgage. Lendors actually started checking few years ago.
 
make everyone responsible for themselves, their own actions, and all results thereof!!!!! problem solved


but i wouldn't mind winning the lottery if anyone wants to clue me in on the #'s :laugh:
 
Go through my neighborhood and see how many forclosed houses there are. I'd say 96% of them were Illegal boarding houses.
 
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