One of my friends at work sent me an email and I though it was really interesting and I thought I would post it here:
"I'm against the $85 BILLION 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, aged 18+. Our population is about 301 million counting every man, woman and child. So, 200,000,000 might be a fair stab at adults 18 and up.
Now, divide 200 million, 18+ adults into $85 billion - that equals $425,000.00 each! Yes, my plan is to give that $425,000 to every adult as a 'We Deserve It' dividend. Of course, it would NOT be tax free. So, let's assume a tax rate of 30%.
Every one would pay $127,500.00 in taxes. That sends $25.5 billion right back to Uncle Sam! It also means that every adult 18+ has $297,500.00 in their pocket. A husband and wife would have $595,000.00!
What would you do with $297,500.00 to $595,000.00?
* Pay off your mortgage - housing crisis solved
* Repay college loans - what a great boost to new grads
* Put away money for college - it'll really 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 older (including the folks who lost their jobs at Lehmann 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 $1,000.00 economic incentive. If we're going to do an $85 billion bailout, let's bail out every adult U.S. citizen!!
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. We deserve the money and AIG doesn't.
And remember, This plan only really costs $59.5 billion because $25.5 billion is returned instantly in taxes to Uncle Sam."
I don't know where this came from or who thought of it, but it makes sense to me!! How awesome would it be if the federal government bailed it citizens out!! Of course you are going to get some people who will spend it on junk, but for the most part, I think people would be pretty smart about spending it.
Think of all the things you could do with almost $300,000!!! I know I would totally pay my school loans off, and then maybe going to school wouldn't be so bad!! It would be so awesome to have that kind of security!! So yeah, I am all about a 'We Deserve It' package for American citizens!!
New Blog - The Home Constructess
3 years ago
2 comments:
wouldn't that be nice??? for real. here's to wishful thinking b/c that's NEVER going to happen!! lol
ps: thanks for your comment on my post!! it was really nice! i miss you friend! love!
haha - I only wish the economy was that simple! It gives me great headaches to think about.
BUT I have to say! I love your new header. Very nice! :)
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