Junk mail birk bailout plan

Reverend_Hellh0und · 09-26-08, 12:17 PM

Got this email.

Quote:

A Much better bailout plan

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 who are 18 and over. 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 over.

So divide 200 million adults 18 into $85 billion that equals $425,000.

My plan is to give $425,000 to every person 18 and over, again…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 and over has to pay $127,500 in taxes. That sends $25,500,000,000 right back to dear old Uncle Sam.

But it means that every adult 18 and over has $297,500 in their pocket. A husband and wife would have $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 and over, including the folks who lost their jobs at Lehman Brothers and every other company that is cutting back. And of course, those serving in our Armed Forces would be the first to receive their dividend.

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 and over!

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 ~ 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 trust the geniuses at

AIG or those 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.

Tucker Case · 09-26-08, 12:48 PM

85,000,000,000/200,000,000 is only $425

Cancel the 0's to check for yourself. It becomes 850/2.

So who were the economic geniuses that sent this one out?

Reverend_Hellh0und · 09-26-08, 12:49 PM

His name is birk and I am one of his millions of close personal friends. I am so on his in list I got the email.

Tucker Case · 09-26-08, 12:53 PM

Well, tell Birk that I can take over his investment portfoliio for him free of charge. Send check payable to "Cash" to PO Box....

American · 09-26-08, 01:04 PM

I'd donate my $425 to buy the Democratic Party a brain.

dirtpoorchris · 09-26-08, 02:01 PM

I think if that much money was givin to all Americans all other contries would completely drop the dollar and start putting great sanctions on us if some nations did not refuse to except are pretend money.

Tucker Case · 09-26-08, 02:11 PM

Quote:

Originally Posted by dirtpoorchris

I think if that much money was givin to all Americans all other contries would completely drop the dollar and start putting great sanctions on us if some nations did not refuse to except are pretend money.

If $425 dollars was given to everybody? I'd say that it woudl be an economic stimulus package.

Tucker Case · 09-26-08, 02:14 PM

By the way, $425,000 x 200,000,000 people = 85,000,000,000,000

or 85 trillion dollars. When we see a bailout program of that size, I'm definitely moving to Canada or Ireland or something.

Mach · 09-26-08, 05:30 PM

Yeah, I already did this with the $700B plan. It's like $3.5K per person. Chump change.

Please recall, they already tried this type of simulus package to prime the economy, it failed. It had a short term boost and then went away. That's why we're pulling the rip cord on the new plan. They tried a series of far less invasive and more ethical-seeming plans throughout the last year, they all failed.

-Mach