Another bailout plan: one that deserves (but will not receive)
attention.
The Birk Economic Recovery Plan (one of the
many email forwards I've received this week)
Hi
Pals,
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.
HODEL NOTE: actually, he's off a bit. It's only $425 per person.
Unfortunately, that kind of blows his goals
below.
My plan is to give $425,000
($425) 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 ($127.50) in taxes. That sends $25,500,000,000 right back
to Uncle Sam. But it means that every adult 18+ has $297,500.00 ($297.50)
in their pocket.
A husband and wife
has (sic) $595,000.00
($595).
What would you do with
$297,500.00 to $595,000.00 in your family ($297.50 to
$595)?
Pay off your mortgage -
housing crisis solved. oops. Doesn't work
here.
Repay college loans - what a great
boost to new grads Still doesn't
work.
Put away money for college - it'll
be there Yep, but need a good deal
more.
Save in a bank - create money to
loan to entrepreneurs. (well you get the
idea)
Buy a new car - create jobs
(Can't even afford a used motorcycle on this
check)
Invest in the market - capital
drives growth (This might work)
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 oftrickling
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.
Ahhh...I feel so much
better getting that off my
chest.
Kindest personal
regards,
Birk
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!!
Posted: Mon - September 22, 2008 at 08:36 PM
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