Another proposal: interesting and miscalculated but nice!

October 1, 2008 at 1:21 pm 4 comments

This proposal was sent to me. I like the concept, although the math is wrong. It would take 85,000,000,000,000 to accomplish this large figure to every person. We could trim the number to say $100,000, take away the people that are living off of the government, they don’t deserve any more assistance, and we may have a number close to the $700 Billion they were originally talking about.

Bottom line, if there is going to be a bail out, it should be focused at putting money in the public’s hands to increase free capitalism, not taking our money and giving it to some rich, stupid bank. That is socialism.

Here is the miscalculated proposal.

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 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.
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, The Birk plan only really costs $59.5 billion because $25.5 billion is returned instantly in taxes to Uncle Sam.

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Entry filed under: General, Politics. Tags: , , , .

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4 Comments Add your own

  • 1. mathman  |  October 2, 2008 at 11:00 pm

    Luckily you’re not doing this bailout – $85 billion divided by 200 million is actually $425.

    $700 billion divided by 200 million people is $3,500 each. So it’s not going to help anyone with their bad mortgages.

    Reply
  • 2. averagepolitics  |  October 2, 2008 at 11:05 pm

    Did you read the first paragraph??? I know the math was wrong. I thought about deleting this post, since I reposted the solution, but it was a cute concept.

    Also, I said we should deduct those living off of the government, so that would increase the amount per person…

    Reply
  • 3. Don Smith  |  October 3, 2008 at 6:25 am

    Last week I got snagged by the same thing, and after I checked it out, I found out that it was “rumor” and not fact. I saw it on the Internet, so it has to be true … Uh huh.

    The Dave Ramsey write up, much, much better.

    Your page looks nice and it reads well.

    DS

    Reply
  • 4. hotoffthepress  |  October 3, 2008 at 7:56 am

    After learning that the guy behind “The Birk Plan” is a fellow resident of St. Louis, I published a post under the headline, ‘You Do The Math!’ — The Birk Plan Explained.. I would encourage your readers to check it out as it explains a truly-interesting social experiment.

    Reply

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