The Birk Economic Recovery Plan
Hi Pals,I'm against the $85,000,000.00 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."
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 - End foreclosures.... 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 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,Birk
T. J. Birkenmeier, A Creative Guy & Citizen of the Republic
7 comments:
I saw this in an email the other day. Think it is a wonderful idea! I, however, would make it for legal citizens over 18.
Love your blog! Keep up the good work!
Sharon
Better check your math. 200M into 700B is 3500 for each person. Also, do you really think it is better for 80@ of Americans to live without insurance?
Look back to history of the Great Depression. The Government MUST bail out the banks and companies that most affect the economy or we will ALL go down together. The bailout will be spread out and recouped when the ecomomy stablizes and homes and goods start to sell again. You can see the effects so far in rising prices, devalued dollar overseas, unemployment and retirement savings loses.
I, too, am a citizen of the US and am hurting by the downturn of the economy. BTW, the home purchase problem was initiated by Bill Clinton when he deregulated bank loan programs.
Mr. or Mrs. Anonymous, If you had read this post close enough you would know that Derek didn't write this. If you want to complain about the math and the whole premise of this post you should find Mr. Birks blog and leave your heated political comments on his blog not here. I though it was funny. You obviously have some axe to grind. Don't grind it here. Get out of the bitter barn and play in the hay.
Liked this idea, but "So divide 200 million adults 18+ into $85 billion that equals $425,000.00." is three decimal places off. Everyone would only get $425, less than the "wonderful" stimulus package earlier this year. :) I'm not arguing, just noting the math error.
I got this email & if you do the math yourself it would only be around 425.50 each not 425,000. Sorry to pop anyones bubbles, but it is a great idea just the wrong amount of 0's on the result for each person. Dont believe me? Get out your scientific or graphing calculator & do the math!
Say, Kathy.
I didn't think anonymous was attacking Derek personally. I though t he or she was just reacting to the article, to whoever wrote it. That person made some points that Derek was willing to let come forward because he understood that it was not an attack.
Personally, i don't know where to stand here, and right now, i'm not ashamed to say so. I'm feeling a little duped on both sides, and Derek's post from Lincoln--which also appears to be looking at this contemporay situation from all angles, is really making my brain hurt, it's straining my gray matter so. But the larger point is that it seems that Derek didn't take it personally, and i'm glad he allows different sides to be heard. It's the American way.
blessings on ye all!
LLG
And now look at what they've done with the money. Bonuses, bonuses, bonuses!
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