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 Dividend! We Deserve It!
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+
Of course, it would NOT be tax free.
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. 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 goback 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!! How do you spell Economic Boom?
I trust my fellow adult Americans to know how to use the $85 Billion Dividend ! I do!
We Deserve It more than 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.
OMG! I was so excited about the idea that I never even thought to do any math and see if it was accurate! Thanks, Y’all!
One of the problems is the math. $85 billion divided by 200 million isn’t $425,000. It’s $425.
And the bailout is $850 billion anyway — but that still raises it only to $4,250.
My recommendation is to not take financial advice from someone who can’t do basic arithmetic.
$85,000,000,000 divided by 200,000,000 people is $425 per person, not $425,000 per person.
Whoever came up with that doesn’t know math. 85 billion divided by 200 million is 425 bucks.
85,000,000,000/200,000,000=425 not 425,000
The AIG bailout is a rolling series of loans to be repaid in two years @ 11% interest and as been pointed out the math in your proposal is wrong.
thats the cure