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Forward from Dave F:
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Hi Pals,
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 billon that equals
$425,000.00.
My plan is to give $425,0 00 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.
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?
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.
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.
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 Family 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, , A Creative Guy & Citizen.
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So this starts with one person thoughts on the Economic Recovery Plan, with some good facts, which should be enough to really open your eyes about how much the last Republican Congress and the Current Democratic one are sinking us in debt, as they don’t have to pay off loans, we do, yet both of them spend freely.
Second comes my friends comments, separated by ******** and then my comments last.
Remember 85 BILLION DOLLARS on this one item alone. This isn’t such a great amount for Congress to deal with if you have followed their spending patterns the last TWELVE years or so.
Scott
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VERY interesting idea...but you KNOW that as soon as it happens there will be a HUGE raise in prices on Everything....putting us in a depression as soon as everyone's done buying their fancy cars and all.
but...it would SOOO put the economy back on its feet. and the banks would go crazy with all the new bank accounts, cuz you couldn't just go down to a check cashing place and cash a $425,000 check...heh heh!
hell, if we're going to jack up the National Dept....might as well let Everybody play!
someone SHOULD start a mail campaign to the senators and Reps. it would be fun to see if any would have the balls to entertain an actual bill to be presented.
Papa T
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Only problem is that the USA doesn’t have 85 Billion dollars, they have to get the federal reserve to print this worthless paper, backed by loans they get covered from China.
And it is still 85 Billion, as it would have to be borrowed from some country that has the money................... and congress would spend the taxes immediately, likely on war or pork.
How about instead, each Federal Representatives that supports this, donate 12 years of their salaries to bailing out those that have invested so heavily in them, that they made legislation that went around the bankruptcy and Depression style faults, that would have protected our nation from another 1929.
That Act was the Glass Steagall Act, run though by a bi partisan Congress and Senate and signed into law by Clinton, the main supporters of the WTO and NAFTA agendas.
This way the USA doesn’t have to borrow any money, and those who have benefited the most from bypassing legislation that was in place to protect our economy from what is happening now, can do the responsible thing and fix the errors of their ways.
$425,000 dollars per person, whether they make minimum wage or are financial secure, is an awful lot to give gamblers, who got to keep the profits when they won.
Scott