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Old 09-26-2008, 08:08 AM
 
Location: Chesterfield, VA
1,218 posts, read 4,438,998 times
Reputation: 533

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Okay, I just received an email with the following information. I am in no way a financial guru - graduated with a Liberal Arts degree for pete's sake! Anyway, could this actually work?????

"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, 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.

Kindest personal regards,

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!!"
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Old 09-26-2008, 08:39 AM
 
591 posts, read 1,647,030 times
Reputation: 767
That math looks wrong to me.

$85 billion divided by 200 million people = $425.00 per person
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Old 09-26-2008, 08:41 AM
 
Location: Texas
4,912 posts, read 6,578,364 times
Reputation: 5441
I hate chain emails. They slaughtered the math.
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Old 09-26-2008, 08:44 AM
 
2,541 posts, read 10,190,782 times
Reputation: 946
actually just let them go bankrupt

that is what capitalism is

too bad for the shareholders

that is what the stock market is
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Old 09-26-2008, 08:50 AM
 
Location: Londonderry, NH
41,505 posts, read 49,557,510 times
Reputation: 24548
To bad the OP's math is wrong. NJ's idea is good. Stocks do not increase in value forever.
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Old 09-26-2008, 09:37 AM
 
1,567 posts, read 2,691,947 times
Reputation: 1262
yes 425 dollars to go with the 600 dollars (that i didnt even qualify for ill try and make less money next time) the world i saved
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Old 09-26-2008, 03:25 PM
 
Location: Kansas City, MO
5,758 posts, read 9,489,324 times
Reputation: 2791
Even if the math was right and that did happen, that money would be worthless before you even cashed the check. Inflation would go through the roof and the cost of everything would just have extra zeroes behind it.
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