[Rokinronda]

I rec'd this email today, I thought if the numbers are correct this is certainly food for thought! what do you think, JUST FOR FUN!!!!

From: Sent: Thursday, September 25, 2008 11:02 AM
> Subject: Bailout us
> If this guys numbers are realistic, or nearly sooo...
> This idea sounds just crazy enough to possibly work, so
> naturally it won't be given serious consideration.
> How great is our
> bureaucracy!!
>
>
>
> 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 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 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 I do the geniuses at
> AIG or in Washington, D.C. 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
>
> PS: Feel free to pass this along to your pals as it's
> either good for a laugh or a tear or a very sobering thought on how to
> best use $85 Billion!!

[iaudit]

$85,000,000,000 divided by 200,000,000 equals $425 per person

[Rokinronda]

Yeah, I know. I let my mathematical genious husband correct me right after posting and discussing it with him. I KNEW I should have checked the math before posting this email from my Uncle! The BAIL OUT just seems wrong to me, no matter what! My kids could have bought homes, no questions asked, but were brought up to be realistic. Look at your income. Save for a down payment and work your butts off to pay a FIXED RATE conventional mortgage down, every month, until you someday own it. The banks that made bad loans , should suffer the consequences from the top CEO, and down the ranks of all involved!!! Just my humble opinion!

[JohnN]

gets in line for my $425,000