A common-sense approach to Economic turnaround:
From wickedthought via masque12:
> 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 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%. 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.
>
> 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 ( '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.
>
>
> PS: Feel free to pass this along to your pals as it's either good for a
> laugh, or a tear or a very sobering thought on how to best use $85
> Billion!!
>
>
> Now do the math with $700 billion
> 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 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%. 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.
>
> 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 ( '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.
>
>
> PS: Feel free to pass this along to your pals as it's either good for a
> laugh, or a tear or a very sobering thought on how to best use $85
> Billion!!
>
>
> Now do the math with $700 billion