Another political email…
September 29th, 2008This time about economics. However, all is not what it appears…
I’m against the $85,000,000,000 bailout. 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 billion that equals $425,000. 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 in their pocket.
AÂ husband and wife has $595,000. What would you do with $297,500 to $595,000 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 US 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. 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 Family 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,
A Creative Guy & Citizen of the Republic.
Since this was unattributed, I took some liberty with regards to formatting, and corrected a couple typos. On the surface, this makes pretty good sense to me. However, let me comment on a couple of the points:
US population is roughly 300,000,000 people. About 25% of those are under 18, so those benefiting above would count roughly 225,000,000.
I’m not sure where $85 billion came from, it looks like the current legislation could release up to $700 billion. Let us work it both ways: if the bailout ends up being only $85 billion, that is a check for a cold hard $377 per adult. If the entire $700 billion is eventually released, we’re looking at $3,100 per adult (the rich are stealing from you, by the way!!! socialized losses, privatized profits). So, why is the author so terribly crippled at math that they’d spend an hour creating this email, but not spend 5 seconds on google checking their math? I think it is the barb “puny vote buy” which gives away the intent of this device, I believe this is a McCain-machine created email whose intent is to create FUD about Obama and his ideas on economics and tax reform. Look how much traction McCain’s lies on Obama’s tax plans have, people STILL think Obama is going to raise their taxes simply because McCain repeats it so often…someone needs to tell McCain that simply saying something doesn’t make it so…unfortunately the precedent of the past eight years teaches McCain that the truth is an unnecessary restriction…














