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Location: The Collapse of the American Banking System
Discussion: here's what I'd do... one man's approach
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ckh88 |
here's what I'd do... one man's approach
Sep 26 2008, 11:15 AM EDT
How to handle the BailoutI'm against the $85,000,000,000.00 bailout of AIG. I'm also against the $700,000,000,000 bailout being proposed in Congress right now! Instead, I'm in favor of giving $85,000,000,000 to America in a We Deserve It Dividend. let's assume there are 200,000,000 bonafide U.S. Citizens 18+. Our population is about 301,000,000 +/- ... 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. it would NOT be tax free. 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. ..it means that every adult 18+ has $297,500.00 in their pocket. A husband and wife have $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.. Pay off credit card debt. Repay college loans – what a great boost to new grads Put away money for college – It'll be there for Junior. 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 As for AIG – liquidate it. 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. Can you imagine the Coast-To-Coast Block Party! Kindest personal regards, T. J. Birkenmeier, A Creative Guy & Citizen of the Republic 1 out of 1 found this valuable. Do you?
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