[Note: The only thing I know about the author of this plan is his/her reference at the very end to the name Birk. I would love to get to know Birk, if he/she drops by so that we can all applaud such brilliant thinking. I think we should all email, fax, call, whatever, our congressmen, senators, presidential candidates and the president to insist the Birk Plan be passed. Then, all of our troubles will be truly over. - This editorial opinion has not been approved by any politician on any level. It's just us against them, folks. Dee]
Hi Pals,
I’m against the
$85,000,000,000.00 bailout of AIG. (and the $700 billion one that
President Bush has now on the table)
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 bona fide 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 team
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 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 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.


I think you stumbled upon an economic genius!
Except for the fact that he’s a failure at math. It’s only $425 per person. (Hey, what’s 3 zeroes between friends?)
Still, I’ll take it.
Grace and peace,
Tim
Tim beat me to the response. Even if we divided out the 700 Billion among everyone it would only be $3,500.
Interesting.
Thanks for sharing this with us Dee.
I hope you have a great weekend.
Dee….I love it that you posted this on your blog… I was so excited about it that I didn’t
try to do the math either…who cares….almost
anything sounds better than bailing out the people who caused the problem