Got this in my email today... and I have to admit it makes sense - and would **** off the illegals somehting fierce!! lol

But in all seriousness, this is a doomed plan. Let's say that everyone gets that much "desposible" income. Prices would artificially inflate - milk would be $20 a gal, bread $15 etc. It wouldn't happen over night but it would as everyone can go out and buy quite a bit all at once. There are other reasons this won't work but man, it would be cool if it did happen... lol
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I'm against the 85 billion dollar bailout of AIG.

Instead, I'm in favor of giving the 85 billion to America, in a 'We Deserve It' Dividend.

Do the math.. 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 $425,000.00.

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%.

Every individual 18+ has to pay $127,500 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.
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.'

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

 

hell ya, sounds good to me. My gf and I want to buy a house here in the next few months and this would be sweet. But it makes sense so politicians will never go for it.

 

lol...

here's something someone just wrote to me about...

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What a crazy idea!!! That would be even worse!! This could only work if everyone had the right moral work ethic.

Right now if you gave every 18 to 25 yr old ove a quarter of a million dollars - do you think they would go back to work??? Why flip burgers when you have $297 G's in the bank? Who would deliver pizzas when they have that much disposable cash?

The young American work force would nearly cease to exist! How could a employer demand responsiblity from his employee when the threat of losing their job is removed?

It would throw our economy into to utter chaos!!! And it's not just with pizzas and burgers... all minimum wage jobs regardless of age will get that "F This!" attitude.

Sadly the American workforce is no where smart enough to handle that much stimulus - I'm sorry. Even I make high 5 figure salary and I would tell my b*tch of a general manager to F herself and take all her flying monkeys with her if I had nearly $300k sitting in the bank. :-)

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hmm... I kinda see her point :/

 

True, but $300k is not nearly enough to retire on, especially at 18-25. If I were able to but a house cash and keep my job, which pays decent but not spectacular, i could live very comfortably with out having a mortgage payment. Sadly most 18-25 year old don't have 300g's in the bank but still have that F this attitude, mostly because their parents have the same attitude. How much of that 85 billion does AIG's CEO get? I bet it's waaay more than $297,000.

 

True!

But here's a great example and I'll try to keep this short.

My oldest boy moved out here a year ago from Colorado. He stayed at my place free of charge - gave him a $500 a week job (8-5 weekends off). I gave him $100 of it and kept the other $400 each week. This was done so he would have the seed money to move into a place of his own.

After six months he had nearly $10k saved up (spent some buying a car) and when I pressed him to get an apartment of his own he decided to move back to Colorado.

Gave him as much advice as I could on what to do with the cash - but he was broke in 2 months. That was a year ago and he's still living with his mother and working minimum wage jobs.

He's 20 now.

So no, I agree with my friend. Most 18-25 yr olds don't think about their future - they think about the here and now. And if you are in this range and and don't feel this way then you are an exception to the rule.

 

im down... mm, i could finally leave home, pay for school, big turbo the tt, make a 10 second evo, and still have leftovers for a daily driver 7 series or something fun like that

 

i would love that kind of money...I would pay off every loan I have (house, school, 2 cars)and would still have over 100k left for house remodeling and savings since my 401k is probably garbage sitting in the stocks right now.

I guess I am a bit of an exception for the 18-25 yr old rule...21, hooray for my awesomness

 

I'm just outside of the 18-25 range at almost 27 so I guess I'm somewhat of an exception. Too many people my age are still dependant on their parents which is sad. I've worked since I was 15 and have always paid for my own vehicles, insurance, gas, clothes, ect.

I dunno, I guess I'm just not to thrilled at the idea of bailing out a company whos management was too greedy and put their, and their employees, futures at risk. I understand it would probably hurt the economy further but I rather just let the company sink. Government take overs of huge companies like this is the first move towards Socialism. Also, why take over all of these failing companies? If we're going to become Socialists why not take over a profitable company?

 

sorry to burst your bubble but 85 billion divided by 200 million is.......only 425 dollars. GET A CALCULATOR BUDDY . Anyways there shouldn't be a bailout in the first place, let those fu(kers go belly up!!! In actuallity they didn't loose anything, people lost their homes and the banks still own the deeds.....think about it !!!

 

Well, let me ease a fear for you about Socialism.

Our government is us. We as a people decide what the country does. We would not have gone to war if we were not fired up about 9/11 or lied to by the current administration about WMD's.

So to the point of the US becoming a "socialist" nation I really can't see it happen. When free enterprise damn near controls every aspect of our economy (case in point: Wall Street Meltdown) there needs to be some regulations so a stock market crash doesn't occur when greed and stupidity over run fiscal responsibility to your company, shareholders and country's economy.

Personally, I'm not for regulation - even socialized medicine - but when I see mass profits made at the expense of people like you and I - that makes my blood boil.

Hell, even France voted an actual Socialist party President. France is still France and they still surrender if their opponent breaks wind. So nothing's changed - though there were great fears that they would join the Soviets during that time.

So, don't fear. Take it from your Uncle Pali

We ain't gonna be a "socialist" state anytime soon - if ever...