About Me

Name: go2self
Biography
Loading...

Create Your Own Blog Find Other Townhall Blogs

Comments

Blog Roll

 

Bailout Plan That Work: Credit to George Adams

Credit to George Adams

Now here's a bail out plan that works!

NO to the $85,000,000,000.00 bailout of AIG.
Instead, give the $85,000,000,000 to America in '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 b e 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 for 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

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, this 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.

You don't want to even hear what I think about the stupid mortgage

companies that loaned out billions of dollars to people who they

knew had no way of paying back the loans, with both sides of the

equation interested in one thing...fast money.
But it didn't work, and now we're supposed to bail out those idiots

too???

Kindest personal regards,
If you're not having fun.....
...you're not doing it right!
Tags: bail out  
Email ItEmail It | Print ItPrint It | CommentsComments (1) | TrackbacksTrackbacks (0) | Flag as offensiveFlag as Offensive
« Previous1Next »