The Bailout – An E-mail I Recieved

So, I had decided early on to not get too political on this blog, but I got this e-mail and thought I’d share it. Before I post, I do realize the repurcusion this would have on the effect of the dollar, but it’s still an interesting concept that had not crossed my mind at all. Too bad it would never be possible.

Hi All,

I'm against the $85,000,000,000.00 bailout of AIG, let alone the $700B for the rest of banking.

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 bonifide
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 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 $1,000.00 (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
US 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. Maybe???

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.

Pass it on!!

I hate chain mails, but this was one I wasn’t annoyed to get. It really makes you think.

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