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A More Common Sense Way To Help The Economy.
I dont Understand
I really don't understand why the goverment finds it so hard to establish a better bail out plan then the one that they had came up with in the first place. It appears to me that the bail out plan that was put in place didn't seem to do a whole lot of good for the little people but rather just certain classes of people. I think that if we are really that concerned with the way the economy is going we should all focus on a way that we might be able to help the whole picture rather then just one way. Below you will find a better bail out in my way of thinking. I think that if this was the way the bail out was done we all would be in a better way of living.
The Bailout of AIG
Think about the bail out plan of AIG, The amount of the money that we helped them to get out of the hole so to say, $85,000,000,000. That is a large amount of money that we as a country could have used to help our economy become more stable rather then helping a financial institution where they had gone wrong rather then doing everything right the first time.
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
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
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 I do the geniuses
at AIG or in WashingtonDC .
And remember, my 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
What a good idea.
Doesn't this appear to be a far better idea of a bail out rather than what the goverment did to make this work for AIG. I think I would much rather have this amount of money in my pocket rather then having this amount of money turned over to AIG and let them do with what they want to help themselves out of a situation that could have been helped in the first place. Im not too good on politics and so that is why someone far better and far smarter then I had this idea and gave me the idea to post it. I hope it is as accurate as I hope it to be. Thanks