My personal economy recovery program
September 24th, 2008 . by TexasFredMy personal economy recovery program
This idea sounds just crazy enough to possibly work, so naturally it won’t be given serious consideration. How great is our bureaucracy!!
I’m against the $85,000,000,000.00 bailout of AIG. Instead, I’m in favor of giving $85,000,000,000.00 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+ years of age.
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+ years of age into $85 billion that equals $425,000.00.
My plan is to give $425,000 to every person age 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 age 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 age 18+ has $297,500.00 in their pocket.
A husband and wife has $595,000.00. What would you do with $297,500.00 as an individual or $595,000.00 as a 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 age 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 $700 Billion We Deserve It Dividend more than I do the geniuses at AIG or in Washington DC
I got this via email from my buddy Pat at prh…a day in the life…, please pay him a visit, he’s one of the good guys. As I told Pat, this will never work of course, it can’t, it makes too much sense…
EDIT TO ADD: As a side note, I didn’t write this, I didn’t DO THE MATH, I got it in an email as is plainly stated in the above paragraph, I enjoyed it, I didn’t pick it apart in a critique, I posted it, and it’s there for you to enjoy, or not, your choice…
Yes, I DO realize the bail out is $700,000,000,000.00 dollars and not $85,000,000,000.00 as the email stated… Damn…
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The only problem then is all the businesses would shift the decimal points of their prices to the right. A $10 menu at McDonalds would suck.
Sounds good to me. I’d buy myself a house, new car and still have money in savings.
Don’t eat at McDonalds…
Unfortunately it looks like this will COST each and every American $10,000. Of course it will probably be more than that eventually.
A personal message: Chris: I do believe this to be the correct way to display 700 billion dollars numerically…
$700,000,000,000.00
Note the decimal point… Hundreds, thousands, millions, billions… NOT trillions as you tried to suggest as being MY error…
Once again I am seriously convinced that some folks have NO business dealing in money…
[...] Recovery By silent e Sent to me simultaneously by Depcharge and Texas Fred. This idea sounds just crazy enough to possibly work, so naturally it won’t be given serious [...]
@ thirdpower McDonald’s sucks anyways, what difference does it make? Ever since they changed their fries, like Fred, I don’t eat there either.
Oh yeah, and consider this swiped!
Kate, What-A-Burger has McD’s fries beat all to hell and back anyway…
And be careful, the math isn’t correct here, I have had a couple of anal retentive asshats point that out, thus the EDIT TO ADD disclaimer…
Wonder how much we would be taxed on it…
But whatever happens I suggest that in the meantime we buy lead….lots of lead.
Nothing like *precious metals*… Lead, brass, gun steel…
I love it. Sign me up. I think you need to run for President, Fred,
I would love this idea. I think all the Feds would have a stroke, but I would still love it.
$425,000?? Hey, I could get a new kitchen floor!
BZ
Ahhh but the AIG bailout was 85 billion….. The Freddie/Fanny bailout is 700 billion so the email is correct on the bailout amount!!!!!
BTW… I’m in on this!!!! I like the idea and I would vote for Fred for POTUS!!!
Close to a half mil? I’d pay off the mortgage, get m’self a pick ‘em truck, and buy lots and lots of lead.
Oh, and I’d screen in a part of the deck. And… I’m sure I could think of a few other things to use the Mr’s share. Heh.
E, I have this mental image of Fred as POTUS….with Pelosi and Reid, laid out flat! LMAO
Laid out COLD…
heh heh heh Exactly Fred!
I could buy the M1 I’ve always wanted!
Like you said pal, makes too much sense.
Actually 85 bil divided by 200 mil is 425 bucks not $425,000 and 425 dollars isn’t much at all. Besides the 85 billion isn’t just being thrown at AIG, the government is getting a piece of the action. The last time the feds bailed out banks during the RTC era the taxpayers made money on the deal.
Although the mess was caused by government interfering in bank business in the first place, this bailout is a good thing.
Bernie, for crying out loud, it’s a joke…
Fred, I read the part that this is an email and you didn’t do the math, so I wasn’t blaming you for the error nor for the silliness of it all, I get it. I post Internet emails on my site as well, but even emails deserve criticism.
I should have prefaced my original comment with, “I get this is all fun and games but …”
Screw McDonalds. Y’all need some In-N-Out Burgers.
As far as the bailout, well it’s just another case of getting focked by the powers that be, and they never gave us flowers or cuddled with us afterwards. Damn.
Bluto, the bastards didn’t even buy us a drink…