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+--- Thread: Now doesn't this sound more practical? (/showthread.php?tid=2726)
Now doesn't this sound more practical? - Beachboy - 09-27-2008
email from a friend:
(Somehow this really makes sense. Guess I'm missing something. Whoever
T. J. Birkenmeier is, the man who conceived this plan, I salute him.)
"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
bona fide 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 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 and over 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 and over!
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 Birkenmeier plan only really costs $59.5 Billion
because $25.5 Billion is returned instantly in taxes to Uncle Sam.
Ahh... I feel so much better getting that off my chest.
T. J. Birkenmeier, A Creative Guy & Citizen of the Republic
PS: Feel free to pass this along to your friends as it's either good
for a laugh, or some tears, or a very sobering thought on how to best
use $85 Billion!
-----------
You know the only difference between Sarah Palin and Dick Cheney is ... lipstick.
RE: Now doesn't this sound more practical? - hookupu - 09-27-2008
Great Idea if the math wasnt flawed. It only comes out to $425.00 per person. Sorry.
RE: Now doesn't this sound more practical? - G. Leis - 09-27-2008
http://www.snopes.com/politics/taxes/dividend.asp
aloha,
Gene
_________________________
Quando Omni Flunkus Moritati
RE: Now doesn't this sound more practical? - Guest - 09-28-2008
If the government gave away 425K to every citizen then tomorrow a loaf of bread would cost 6000 dollars.
One of the things that makes an economy work is the value of currency.
If the government gave 425 bucks like they did recently, then everybody runs to wal-mart and buys a bunch of Chinese made crap that was made by state owned slave (Chinese citizens) and the Chines govt. is able to build more tanks , land mines and build more laogais to house their dissidents.
RE: Now doesn't this sound more practical? - Greg - 09-28-2008
Hey, this is Hawaii.......A loaf of bread DOES cost $6000 dollars.[
]
RE: Now doesn't this sound more practical? - Guest - 09-28-2008
2333.33 per person. estimate.
Without the bail out, the world would go into a depression.
This still just a temporary fix. Eventually the depression is coming, so start growing all the vegetable and chickens you can.
Cut off your dependence on the need for money.
land in Puna will dip in value to 1960s prices adjusted for inflation.
The time of reckoning is nigh.
Soon people will be thinking “shoot! I wish I had not spent all that money on double Grande lattes at Starbucks and bought ammo and some chickens instead”
The Illegal alien problem will be gone almost overnight when Bankers, Accountants Professors, and Lawyers are down at the Home Depot parking lot trying to get a day labor job.
Soon all this lazy dumb priks that thought we needed the illegal labor will be fighting the illegals for a roofing job.
Our values system will change. Our culture will value the farmer over the psychiatrist and Actor. Food will be the coin of the realm.
RE: Now doesn't this sound more practical? - lostboystoy - 09-29-2008
Headed for a depression. I have been saying that for two years now. The Bailout package did't get passed. I was waiting to see bodies being flung from Wall street today when the dow dropped over 778 points and our market wasn't the only ones. heheheh As we all know our mortgages are being owned by foreign investments we our loosing the united states on piece of land by another, to foreign identities.
I would really like to know why when a Goverment or high end buisness screws up they get Bailed out, by the sweat blood and equiety in our homes. where is our bailout?
setting my soul free....
RE: Now doesn't this sound more practical? - lostboystoy - 09-29-2008
even though beachboys math might be a little off, not that Bush's isn't. Makes more since then the economic stimulus package that Bush borrowed from China.
I still don't understand why we (I) should have to pay for a bunch of greedy Mortgage lenders and realtors. that put any one in a home whether or not they could afford the home. THEY WILL JUST RE SELL IT AGAIN FOR MORE MONEY! makes no sense to me.
Now we are sitting almost 100 trillion dollars worth of real estate in or about to be foreclosed on. It has to get absorbed into the mainstream. Which means the value of every ones homes will drop and unless your home is paid off you will owe more than it is worth.
now they have done a 360 and tightened up the credit to a point that you have to have a credit score of 760-780 Perfect credit score used to be 720 who the hell has a 780 credit score. You sure wont if you have any children.
And lets not even start with the children. Not that having them is a bad thing. Its a choice and the more you have the more money you get back in tax's. to me that's CRAP! you had them ok its your choice and responsibility to raise them properly, But I have to pay higher tax's because of each one those children, where do you think the money comes from....oh ya we print it.
theirs a thousand and one abuses with our tax dollars everyday we really only get to see the tip of the ice-burg.
Any of those that have been in the military and stationed overseas, can attest to the atrocities our government makes every day that the average American person wouldn't even believe. with their own eye's.
setting my soul free....
RE: Now doesn't this sound more practical? - Greg - 09-30-2008
______________________________________________________________________Quote:
"And lets not even start with the children. Not that having them is a bad thing. Its a choice and the more you have the more money you get back in tax's. to me that's CRAP! you had them ok its your choice and responsibility to raise them properly, But I have to pay higher tax's because of each one those children, where do you think the money comes from....oh ya we print it."
_____________________________________________________________________
Eat the children?
RE: Now doesn't this sound more practical? - Jon - 09-30-2008
Just say "no" to the bailout...
Yes it will hurt for a while (might be a short while the DOW up over 300 so far), but the market wont create the mess the new bailout "laws" will.
Transplanted Texan
"I am here to chew bubble gum and kick some *** ... and I'm all out of bubble gum"