I had several people forward the following email to me… and found it funny that none of them actually crunched the math on this one before hitting the send button…
Iâ€™m against the $85 BILLION bailout of AIG. Instead, Iâ€™m in favor of giving $85,000,000,000 to America in a â€œWe Deserve Itâ€ dividend. To make the math simple, letâ€™s assume there are 200,000,000 bona fide U.S. citizens, aged 18+.
Our population is about 301 million counting every man, woman and child. So, 200,000,000 might be a fair stab at adults 18 and up. Now, divide 200 million, 18+ adults into $85 billon – that equals $425,000.00 each! Yes, my plan is to give that $425,000 to every adult as a â€œWe Deserve Itâ€ dividend.
Of course, it would NOT be tax free. So, letâ€™s assume a tax rate of 30%. Every would pay $127,500.00 in taxes. That sends $25.5 billion right back to Uncle Sam! It also means that every adult 18+ has $297,500.00 in their pocket. A husband and wife would have $595,000.00!
What would you do with $297,500.00 to $595,000.00?
Â· Pay off your mortgage â€“ housing crisis solved
Â· Repay college loans â€“ what a great boost to new grads
Â· Put away money for college â€“ itâ€™ll really be there
Â· Save in a bank â€“ create money to loan to entrepreneurs
Â· Buy a new car â€“ create jobs
Â· Invest in the market â€“ capital drives growth
Â· Pay for your parentâ€™s medical insurance â€“ health care improves
Â· Enable Deadbeat Dads to come clean â€“ or else
Remember this is for every adult U.S. citizen, 18 and older (including the folks who lost their jobs at Lehmann Brothers and every other company that is cutting back) and of course, for those serving in our Armed Forces.
If weâ€™re going to re-distribute wealth letâ€™s really do it!Â Instead of trickling out a puny $1,000.00 (â€œvote buyâ€) economic incentive.
If weâ€™re going to do an $85 billion bailout, letâ€™s bail out every adult U.S. citizen!!
As for AIG â€“ liquidate it.
Â· Sell off its parts.
Â· Let American General go back to being American General.
Â· Sell off the real estate.
Â· Let the private sector bargain hunters cut it up and clean it up.
We deserve the money and AIG doesnâ€™t. Sure itâ€™s a crazy idea that can “never work,” but can you imagine the coast-to-coast block party?!
How do you spell Economic Boom? W-e Â D-e-s-e-r-v-e Â I-t Â d-i-v-i-d-e-n-d! I trust my fellow adult Americans to know how to use the $85 Billion â€œWe Deserve Itâ€ dividend more than I do the geniuses at AIG or in Washington, D.C..
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,
T. J. Birkenmeier, A Creative Guy & Citizen of the Republic
I guess this guy started it as an email to see who would forward it without doing the math… pretty funny how viral the internet is!!
I love the idea of the goverment giving us the actual $3,500 that would come if every U.S. citizen over the age of 18 was given an equal share of the $700,000,000,000 that the government wants to give to private businesses because they were run poorly. (there are actually about 200,000,000 adults in the US, and the government ended up wanting to hand over 700 billion, not just 85 billion)
As a private business owner, I’ve gotta say, the idea of never having to worry about failing because I know the government would just give me the money I’d need to stay in business would be great… lol… YIKES!