Interesting Idea? Its been making the email rounds.
This puts things in numbers the average person can understand. Who is F__king the American People?
I'll take mine in twenties please!
Subject: The Carini Economic Recovery Plan
Hi Everyone.
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 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 $127,500.00 in taxes.
That sends $25,500,000,000 right back to Uncle Sam.
But it means that every adult 18+ has $297,500.00 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 ima gine 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.
That would be fine and dandy if all these adults 18+ were intelligent and responsible.
As explained endlessly in the news, the recent banking failures are a problem because now the banks cannot continue to lend money. So you cannot take out a loan to a buy a car or pay for college. And small businesses cannot take out short-term loans, which they rely on to buy supplies, pay workers, etc. Bailing out the banks will insure that the system continues running as it was. You get your car and go to school, then pay the bank back once you get a job; the small businesses resume operation as normal, and workers increase spending due to a renewed feeling of job security. All is well.
However, what would happen if we gave the money to individuals? Let the banks fail? Then the small businesses fail too. It wouldn’t matter to you at first. You have “$297,500.00 to $595,000.00” in your pocket, so if your company can’t provide you with a pay check and benefits, then fuck them, you can just quit, right? How many other people will end up quitting their jobs if money is given to individuals and not corporations? Sure, you will have the money to buy a car or house outright, but who will be there to sell you the car and build your house? Giving all the money (and thereby power) to individuals means we won’t have to answer to anyone but ourselves. Do you really think people can handle that? This “Coast-To-Coast Block Party” will eventually grow into un-repairable chaos. People need the power to remain centralized to keep everyone in order.
I might have it wrong, but if the government gives us the 200k-500k we will essentially buy homes, pay back loans, invest, and pay off houses (etc.etc.)... Which will essentially give the banks back the money needed to be able to loan money and people get to keep there jobs and I get to continue pleasing for a living ... I seriously doubt people will put that money under their matress (so the banks will get large deposits)... Possibly even a better plan would be to give us a monthly check up to the 200k-500k amount over 10-20 years... I'm sure many people will not take it for granted and pay off/put it towards bills, loans/mortgages, and some will purchase random vanity goods/shit (economy benefits)... I think the second idea is better and especially if the government strongly suggests the importance to us of being responsible with the money for our country depends on it... After the first large check to everyone is cut they should be able to get a reading of how it is going... If it doesn't work then I guess go back to the buying up bad bonds or whatever they are trying to do now... Any problems that you guys forsee?
Do any of you geniuses realize that 200 Thousand times 200 million is FORTY TRILLION fucking dollars? 57 times what the 700 Billion dollar bail out will cost.
No wonder this country is so fucked up, it's citizens can't do basis fucking math.
We might as well just give the fuck up and start learning to speak Mandarin, at this rate the Chinese will take over in a decade.
I think one of these math geniuses works as a blackjack dealer. I hate it when I have to correct the dealer when a player says "what do I have" and the dealer gets it wrong.
Last night was one of those; frustrating as hell. People standing on 14s, and the dealer was a rock. Tell me again why these idiots are allowed to vote?
While many will decry my desire "Racist" it is not...
I would require a literacy and basic civics 101 knowledge to vote. I really do not think that too much to ask. It kind of what was intended in the original concept of Government by the people.... but get this, people have to be prepared to be a government "by the people"
sadly - this is totally lost on the asembled mutitudes - of either party.
Before I vote, I will review the platforms, take a peek at the voting records, and experience.
Sadly while that will tell me "how they talk the talk" it will not tell me how they will "walk the walk"
Then hang all of the middlemen from it. Then take all of the speculators and hang them from it. Charge congress with treason and have a trial, then hang the those convicted from the gallows. Those actions should clear up all this economic bullshit.
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... I seriously doubt people will put that money under their matress (so the banks will get large deposits)... Possibly even a better plan would be to give us a monthly check up to the 200k-500k amount over 10-20 years... I'm sure many people will not take it for granted and pay off/put it towards bills, loans/mortgages, and some will purchase random vanity goods/shit (economy benefits)... I think the second idea is better and especially if the government strongly suggests the importance to us of being responsible with the money for our country depends on it... After the first large check to everyone is cut they should be able to get a reading of how it is going... If it doesn't work then I guess go back to the buying up bad bonds or whatever they are trying to do now... Any problems that you guys forsee?
