Perhaps the following email made it to your inbox:
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 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 (sic) . 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 (sic). 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 do the geniuses at AIG or in Washington DC. And remember, my 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.
On the surface seems like a great idea… I wouldn't mind $595,000.00 in Shell's and my account. I wouldn't mind Dad having an additional $297,000.00. We could pay off the house and still have money left over. Our issue would be solved…
Or would it? Wouldn't money be devalued? If everyone has that kind of money, money is worth less than it otherwise would be. Giving money away doesn't solve anything really. Ron Paul is correct,
the market has to come back to earth. Giving money away only props it up temporarily.
Giving the money to Wall Street doesn't seem to do the trick either. It's the same issue.
If we insist on artificially propping up the market prolonging the inevitable, what would happen if the federal government decided to pay back half of every individual's debt, and froze interest rates so that they couldn't be jacked. Banks would have their money back and people would have more cash to spend because their debt is reduced. People who practice Dave Ramsey's principles would scream, "That's unfair!" cause they don't have any debt. In the end though, the temporarily freed up economy helps them too. Why not let our kids live through the depression we so desperately want to avoid?
Another proposal would be to pay off all or a percentage of every property loan in the US. Once again the banks get their money but people are helped too, they owe less. It seems that if the government is going to bail out anyone they should bail out the property owners who borrowed unwisely rather than the conglomerates who borrowed unwisely. If they bail out the property owners the conglomerates are still saved but the small guy is helped. That is my two cents anyway…
Coming soon… a plan to tax soda and fatty foods to pay for health care…
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