Thursday, September 25, 2008

Let's bail out all American Citizens!

I received this in an email & think it is GREAT! Who wouldn't agree to this?


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 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 into $85 billion. 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.

Of course, that sends $25,500,000,000 right back to Uncle Sam. But it means $ 297,500.00 for every adults! 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 for the future
- 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

If we're going to re-distribute wealth let's really do it!!! If we're going to do an $85 billion bailout, let's bail out every adult U S Citizen 18+!