An Alternate way to spend the $700 billion
PJTEXAS
Texas Posts: 222
I got this email from my brother that he received and I thought this is a much better plan.
I'm against the $85,000,000,000.00 bailout..
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 team 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 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.
What do ya think??
I'm against the $85,000,000,000.00 bailout..
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 team 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 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.
What do ya think??
"Love ain't love until you give it up." - Amongst The Waves
Post edited by Unknown User on
0
Comments
2nd- if they did and did release $700 billion to the citizens of the US, the US dollar would become so devalued that your money would be worth next to nothing.
And why would you liquidate AIG (the largest insurer of loans in the world)???
Admin
Social awareness does not equal political activism!
5/23/2011- An utter embarrassment... ticketing failures too many to list.
I think the math comes out to $425 each, not $425,000 although my calculator doesn't take that many zeroes!
Don't be mankind. ~Captain Beefheart
__________________________________
I'll still take it.
...are those who've helped us.
Right 'round the corner could be bigger than ourselves.
Makes no sense. You might as well give everyone a free iPod.
Here's some advice for those in foreclosure. If you are in foreclosure right now, fight it. Ask your mortgage company to produce the actual loan wih your actual signature, not a copy but the original. Most companies don't have the orginal copy on hand. These companies would probably want to make some kind of arrangements with you.
When a mortgage company files to foreclose, they have to produce the original loan and signature to prove it's legit. It;s very important that you make sure you ask them to do this. The older the mortgage the harder it is for them to produce it because they have more than likely sold the "paper" to another company and the new company probably doen't have it.
And what purpose will this serve? You think you're going to get out of the foreclosure simply because they don't have the original? And if you are going to hold that against them, don't you think their response is: you don't own the deed to your house? The deed would be in the bank's name until you pay your mortgage...so what does it matter whether or not they can produce the original signed document?
just a stall technique.. does nothing to help someone save their house.... the only good point of advice in that post was to contact your mortgage company and try to make arrangements BEFORE foreclosure is an option. The companies would rather have you make payments than go through the hassle of having to sell your house and then trying to recoup any shortfall from you.
Admin
Social awareness does not equal political activism!
5/23/2011- An utter embarrassment... ticketing failures too many to list.
LMAO...
and still jonesing for another show....
"the waiting drove me mad..."
How come we can bail out these financial institutions with a 700 Billion Dollar figure...
But... we can't raise enough money so everyone gets a flu shot... so the guy with the flu bug don't go to their minimum wage job because he cannot afford to take a sick day off at the service jobs that i have to go to to get my errands run?
Hail, Hail!!!
It's the second to last paragraph in that post.
Of course, February wasn't that long ago, and I think just about anybody who wasn't completely oblivious knew what was coming.
http://forums.pearljam.com/showthread.php?t=272825