The Bailout and America's Math Problem
I've now gotten the following e-mail from 3 different people. It reads:
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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 $425,000 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 L ehman 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, This plan only really costs $59.5 Billion because $25.5 Billion is returned
instantly in taxes to Uncle Sam.
-
Are people really retarded enough to forward this one?? It took me 3 seconds to figure out that 85 billion divided by 200 million doesn't equal $425,000, it equals $425. And as for the proposed plan to give it Americans instead of using it as a bailout...that already happened. It was called a "stimulus" check.
JUST A FRIENDLY REMINDER TO DO YOUR MATH AND FACT CHECK BEFORE YOU HIT THE FORWARD BUTTON AND MAKE AN *** OUT OF YOURSELF (just in case you get this e-mail too)
-
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 $425,000 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 L ehman 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, This plan only really costs $59.5 Billion because $25.5 Billion is returned
instantly in taxes to Uncle Sam.
-
Are people really retarded enough to forward this one?? It took me 3 seconds to figure out that 85 billion divided by 200 million doesn't equal $425,000, it equals $425. And as for the proposed plan to give it Americans instead of using it as a bailout...that already happened. It was called a "stimulus" check.
JUST A FRIENDLY REMINDER TO DO YOUR MATH AND FACT CHECK BEFORE YOU HIT THE FORWARD BUTTON AND MAKE AN *** OUT OF YOURSELF (just in case you get this e-mail too)
This has now been posted three times, once by me which was also a repost. $85,000,000,000 / 200,000,000 = $425.00
EDIT: *rrasco slowly closes the door behind him as he silently leaves the room after reading the end of the post*
EDIT: *rrasco slowly closes the door behind him as he silently leaves the room after reading the end of the post*
ORIGINAL: rrasco
This has now been posted three times, once by me which was also a repost. $85,000,000,000 / 200,000,000 = $425.00
EDIT: *rrasco slowly closes the door behind him as he silently leaves the room after reading the end of the post*
This has now been posted three times, once by me which was also a repost. $85,000,000,000 / 200,000,000 = $425.00
EDIT: *rrasco slowly closes the door behind him as he silently leaves the room after reading the end of the post*
My bad for the re-repost, just sick of forward-happy mail users who never bother to see if what they are forwarding makes any sense before they force it upon their entire address book.
Well kind of related it's an absolutely terrible time for me to be in school... seeing as how in the past week the interest rates on my student loans jumped from ~7.5% to ~12%
the bailout isn't the solution. prostitution is. I've said it once, I'll say it again: Tax the **** out of it and bail em out. Problem solved.
I like to call this the '***** Tax'.
An additional upside to this will be the increase in divorces. This will also drive the housing market since where Husband and Wife shared a home, now they need two thus raising demand and of course prices.
Bottom line: It raises money for the bailoutand raises home prices.
FLYOU is a Genius.
ORIGINAL: jutsin
Well kind of related it's an absolutely terrible time for me to be in school... seeing as how in the past week the interest rates on my student loans jumped from ~7.5% to ~12%
Well kind of related it's an absolutely terrible time for me to be in school... seeing as how in the past week the interest rates on my student loans jumped from ~7.5% to ~12%
ORIGINAL: N8 Dawg
wow, mine are fixed 6.5%
ORIGINAL: jutsin
Well kind of related it's an absolutely terrible time for me to be in school... seeing as how in the past week the interest rates on my student loans jumped from ~7.5% to ~12%
Well kind of related it's an absolutely terrible time for me to be in school... seeing as how in the past week the interest rates on my student loans jumped from ~7.5% to ~12%


