Bail Out

I found this on my mother’s CLL forum and posted it over at ms. gee’s . No matter your political views I think you will agree.

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 billion 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…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 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.

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

Kindest personal   regards,
Birk
T. J .  Birkenmeier,  A Creative Guy & Citizen of the  Republic

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!!