This is the BEST plan I have heard in a VERY LONG TIME !
Birk Bailout Plan w/Comments
Date: Sunday, September 28, 2008-2009, 7:23 AM
Subject: Just passing on someone else's thoughts...
(Birk plan w/ added comments by Boe C. 9/27/08)
I kinda like the way they're thinking though!!!
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.
(I would stipulate that to qualify for this, individuals 1.
be a "LEGAL" US Citizen, 2. Paid income taxes for
the past 5 years if you are over the age of 22, 4 years if
you are over age 21, 3 years if you are over age 20, 2 years
if you are over age 19, 1 year if you are over age 18. The
numbers would change some what, but the principal of the
idea is the same.) Boe C.)
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.
(Even though I don't agree on a Tax on our TAX money
already PAID, the boost to the US economy would be
ASTOUNDING!) Boe C.)
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 US 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
US 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,
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!!
(Pass it on to your friends AND Congressmen! If everyone
who receives this would forward it to your friends qnd they
would forward it to their Congressmen, the impact could be
an eye opener!!!) BoeC.)