Financial Crisis solved

[Kyobanim]

I received this in email today. Interesting, thought everyone would get a kick out of it.

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 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 DC.
And remember, The Family 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.

[MVS2]

It looks like you miscalculated a bit. You're dividend is in the trillions.

On the same note, a few days ago I also was curious as to what kind of money is flowing through our country. The average taxes paid last year was $6200 +/-. Multiplied by 300,000,000 Americans (forgot about the children) is about 2.05 trillion dollars per year.

[jw74]

I'm guessing it wont do much for the economy or American productivity when MILLIONS of people feel "rich" and quit working for a few years. This idea is an epic fail.

[Richard]

Where I learned math, 85B divided by 200M = 425...not 425k. Is this the 'congressional fuzzy math' that must also be used by the OMB you're trying to use here?

And as far as solutions from Congress are concerned...we've heard this all before...and it has turned into a full-time business for some (see attchd pic).

Richard's $.02

[frostfire]

so much for years of engineering, my math sucked as well

http://www.professionalsoldiers.com/...017#post227017

[Surf n Turf]

[QUOTE=Richard;227467
And as far as solutions from Congress are concerned...we've heard this all before...and it has turned into a full-time business for some (see attchd pic).

Richard's $.02 [/QUOTE]

Richard,
The picture is priceless - I sputtered coffee all over my keyboard.
Consider it stolen

SnT

[Kyobanim]

Originally Posted by jw74

I'm guessing it wont do much for the economy or American productivity when MILLIONS of people feel "rich" and quit working for a few years. This idea is an epic fail.

I don't know any people that would do what you are saying. Are you telling me that this is the type of person you would associate with?

[Kyobanim]

Originally Posted by frostfire

so much for years of engineering, my math sucked as well

http://www.professionalsoldiers.com/...017#post227017

Doesn't matter. No one is perfect. The whole point of this is to show that we, as individuals, could do more with the money than the so called financial wizards on wall street. They've fucked it up enough.

[Sten]

Originally Posted by Kyobanim

Doesn't matter. No one is perfect. The whole point of this is to show that we, as individuals, could do more with the money than the so called financial wizards on wall street. They've fucked it up enough.

This is the truth.

[Sigaba]

While nmap and others have vetted the calculations in the OP, a part of me wonders if the writer of the piece intentionally got the math wrong.

Here's my logic. It is difficult to imagine $85 billion. It is easier to imagine $425K and the impact such a small fortune would have on our every day lives and to get even more upset with the notion of giving so much money to people who are already rich. If I were to read the email, and not double check the math, I am going to be even more furious with the proposed 'bail out.'

[Richard]

Originally Posted by Sigaba

While nmap and others have vetted the calculations in the OP, a part of me wonders if the writer of the piece intentionally got the math wrong.

Here's my logic. It is difficult to imagine $85 billion. It is easier to imagine $425K and the impact such a small fortune would have on our every day lives and to get even more upset with the notion of giving so much money to people who are already rich. If I were to read the email, and not double check the math, I am going to be even more furious with the proposed 'bail out.'

(see attached thumbnail)

"The only function of economic forecasting is to make astrology look respectable."

- John Kenneth Galbraith, Economist and U.S. Ambassador

Richard's $.02

[jw74]

Originally Posted by Kyobanim

I don't know any people that would do what you are saying. Are you telling me that this is the type of person you would associate with?

No. But unfortuantely my friends and the people with whom I associate are not the only people in the country. Good luck with this.

[Rogue]

excellent idea...........

[greenberetTFS]

Originally Posted by Kyobanim

Doesn't matter. No one is perfect. The whole point of this is to show that we, as individuals, could do more with the money than the so called financial wizards on wall street. They've fucked it up enough.

Kyobanim,

Amen........

GB TFS