Saturday, September 27, 2008

Bailout Fantasy

Health Alert
Presented by

Dr. James H. Martin

Nutrition Wellness Center Ph. (941)371-1991
4615 Bee Ridge Road Fax: (941)378-3188
Sarasota, FL 34233 Toll Free: (800)222-3610

Dr. Martin's Comments:

I got this today and had to get it out ASAP. Maybe this kind of attitude by the American public to our politicians might get a point across. Please, if you liked this and think this attitude needs to be passed on feel free to email to as many people as possible. Maybe someone of influence will get the message.


OK....Here's a Plan I Could Live With


Hi Pals,

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 billon 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.

Kindest personal regards,

T. J. Birkenmeier, A Creative Guy & Citizen of the Republic

5 comments:

Anonymous said...

Sounds like a good idea to me! lol, better than any other plans they talk about. Very funny and sadly probably true.

Topper said...

Hi Molly. That's the best idea I've heard in weeks. You can count me in.
Good thoughts always,
chris
ps: After watching as much of the debate as I could stand last night, I've decided I'm moving to Canada...

Mike said...
This comment has been removed by the author.
Anonymous said...

Either I have forgotten how to divide or those numbers are incorrect! $85 billion divided by $200 million is only $425 not $425,000. Would some one else please do the math and verify this?

Anonymous said...

Current estimated US population (US Census Bureau) = 305,244,837 people
$700000000000 / 305244837 people = 2,293.241081093 Dollars/person