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Instead of bailing out AIG, why not do this instead?!?!?

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  1. mesaplayeraz mesaplayeraz is offline

    Posts: 3,378
    Joined: Sep 06

    Sep 24th, 2008 (9/24/2008 9:36pm)

    This is an email I got from a friend and I found it interesting. I would rather the govt do this instead of bailing out AIG with an 85 billion dollar bailout.

    Hi All,

    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 bonifide
    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%.
    (The govt. is going to get some of this money back in the form of taxes, a win situation for them as well!)

    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.
    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. Maybe???

    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.
  2. dolphin13 dolphin13 is offline OT Vice MVP

    Chicago, IL
    United States

    Posts: 23,740
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    Sep 24th, 2008 (9/24/2008 9:40pm) in reply to mesaplayeraz

    So divide 200 million adults 18+ into $85 billon that equals
    $425,000.00.

    real fucking math geniuses here. It's more like $425
  3. wowswift wowswift is offline Fold to cash, skeet to win.

    Posts: 22,304
    Joined: May 05

    Sep 24th, 2008 (9/24/2008 9:41pm) in reply to dolphin13

     
    Originally Posted by dolphin13 View Post

    So divide 200 million adults 18+ into $85 billon that equals
    $425,000.00.

    real fucking math geniuses here. It's more like $425

    shh just add more zeros
  4. BigJohn804 BigJohn804 is offline

    Midlothian, VA
    United States

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    Sep 24th, 2008 (9/24/2008 9:42pm) in reply to dolphin13

    LOL
  5. Leet8s Leet8s is offline usausausausausa

    New York City, NY
    United States

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    Sep 24th, 2008 (9/24/2008 9:43pm) in reply to dolphin13

    Essentially a bigger rebate check given to us from money which doesn't exist?
     
  6. skisteve skisteve is offline 2008-2009 Thread Killer Champ

    French Polynesia

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    Sep 24th, 2008 (9/24/2008 9:43pm) in reply to mesaplayeraz

    Op qft and pl kthnx
  7. mhoddi mhoddi is offline

    Western Sahara

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    Sep 24th, 2008 (9/24/2008 9:44pm) in reply to wowswift

     
    Originally Posted by wowswift View Post

     
    Originally Posted by dolphin13 View Post

    So divide 200 million adults 18+ into $85 billon that equals
    $425,000.00.

    real fucking math geniuses here. It's more like $425

    shh just add more zeros

    i added a 7 on the end of my 3rd imaginary zero for good luck. i'm rich!!
     
  8. risingsum risingsum is offline

    Micronesia, Federated States of

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    Sep 24th, 2008 (9/24/2008 9:51pm) in reply to mesaplayeraz

    LOL, awesome!

    Instead of bailing out AIG we should teach every man woman and child basic math.
  9. BigJohn804 BigJohn804 is offline

    Midlothian, VA
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    Sep 24th, 2008 (9/24/2008 9:54pm) in reply to Leet8s

     
    Originally Posted by Leet8s View Post

    Essentially a bigger rebate check given to us from money which doesn't exist?

    Ladies and gentlemen, the Pelosi/Reid economic plan!
  10. Thatislife Thatislife is offline

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    Sep 24th, 2008 (9/24/2008 10:02pm) in reply to mesaplayeraz

    Lets ignore your friend for a min. You read this and agreed with it... I stopped after the magic numbers started appearing. How can you read this and then post it...nm
  11. Leet8s Leet8s is offline usausausausausa

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    Sep 24th, 2008 (9/24/2008 10:02pm) in reply to BigJohn804

    The only people that seem to be against this bailout on a philosophical basis are the true Republicans in Congress.
     
  12. Artiecat Artiecat is offline

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    Sep 24th, 2008 (9/24/2008 10:02pm) in reply to BigJohn804

    Let's give the OP the benefit of the doubt for just a moment and assume that he confused 85 billion with 85 trillion, which would amount to $425k per person. Please tell me where the 85 trillion comes from? I'll hang up now and listen.
     
  13. Thatislife Thatislife is offline

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    Sep 24th, 2008 (9/24/2008 10:04pm) in reply to Artiecat

     
    Originally Posted by Artiecat View Post

    Let's give the OP the benefit of the doubt for just a moment and assume that he confused 85 billion with 85 trillion, which would amount to $425k per person. Please tell me where the 85 trillion comes from? I'll hang up now and listen.

    There isn't 85 trillion dollars in circulation in the entire world...
  14. Artiecat Artiecat is offline

    Togo

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    Sep 24th, 2008 (9/24/2008 10:09pm) in reply to Thatislife

    O'RLY?
     
  15. Kajun Kajun is offline

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    Sep 24th, 2008 (9/24/2008 10:19pm) in reply to Artiecat

    me thinks a govt accountant figured out these numbers....
  16. Neeek Neeek is offline

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    Sep 24th, 2008 (9/24/2008 10:27pm) in reply to Artiecat

     
    Originally Posted by Artiecat View Post

    Let's give the OP the benefit of the doubt for just a moment and assume that he confused 85 billion with 85 trillion, which would amount to $425k per person. Please tell me where the 85 trillion comes from? I'll hang up now and listen.

    cant we just print them zimbabwe 10 trillion dollar bills?
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