Saturday, September 27, 2008

I'm against the Bailout (posted with permission)

I got this in an email this weekend and thought it was worth sharing.

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. Tell 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 .

Ahhh...I feel so much better getting that off my chest.

Birk

aka T. J. Birkenmeier,
A Creative Guy & Citizen of the Republic

PS: Feel free to pass this along to your pals as it's either good for a laugh
or a tear or a very sobering thought on how to best use $85 Billion!!

7 comments:

Tonjia said...

LOL this has hit a few blogs recently and I LOVE LOVE LOVE IT!!!!!

Lets nominate BIRK for president!

AirmanMom said...

tonjia....I'll second your motion:)

Scary how much logic can actually make sense!

~AirmanMom returning to her blog...

kim-d said...

I got this in an e-mail at work on Friday and, I've gotta say, it makes perfect sense to me.

I'm with Tonjia--BIRK FOR PRESIDENT!

One Scrappy Chicklet said...

I love this idea. You forgot to add buying alot of scrappy stuff to your list. LOL

Have a great Monday

Lisa J said...

You know what is sad???? This makes sense so it will never happen. But we will bail out the men and women who ran the company that lost all that money. THEY will get millions for doing a poor job. And the rest of us hard working middle class AMERICANS will get??????NOTHING. good grief!

Kimmy said...

Great plan! Lets submit it to Congress!

Kimmy

Alice said...

Love it. Support it. Encourage it. :)