Wednesday, October 22, 2008

Bail this out assholes!

I'm against the $85,000,000,000.00 bailout of AIG.Instead, I'm in favor of giving $85,000,000,000 to all Americans as a'Dividend'.To make the math simple, let's assume there are 200,000,000 bonafideU.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 to ahefty '$425,000.00'My plan is to give $425,000 to every person 18+ as a '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 $25.5Billion right back to Uncle Sam.But it means that every adult 18+ has $297,500.00 in their pocket.A husband and wife have $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 � 'a great boost to new grads'Put away money for college � 'it'll be there'Save it 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 =E 2 'health careimproves'Remember this is for every adult U S Citizen 18+ including the folkswho lost their jobs atLehman Brothers and every other companyIf we're going to re-distribute wealth let's really do it...instead oftrickling outIf we're going to do an $85 billion bailout, let's bail out everyadult U S Citizen 18+As for AIG � liquidate it and Sell off its parts.Sell off the real estate. Let the private sector bargain hunters cutit up and clean it up.Here's my rationale. We deserve it and 'AIG doesn't' we werenotinvited to the last 10 years of 'party time' bonusesAnd remember, The this plan only really costs $59.5Billion because$25.5 Billion is returned instantly in taxes to Uncle Sam.

Tuesday, July 29, 2008

First post

I had to create a blog spot just cause my other two friends have one.