Here is a Bailout...

The following e-mail was sent to a friend who gave it to me to read. While the idea is great, it can not be implemented. The Government doesn't have $700 billion laying around to try this idea.

Hi Pals,
I'm against the $82,000,000,000.00 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 us assume there are 200,000,000 bonafide U.S. Citizens (not illegals or legal immigrants) of the age 18+. (Does this count the homeless as well??) Our population is about 301,000,000 +/- counting every man, woman, and child. So 200,000,000 might be a fair stab at the adults 18 and up in age.
So divide 200 million adults 18+ into $85 billion. That equals to $425,000.00
My plan is to give $425,000.00 to every legal American 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 American 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 American adult 18+ has $297,500.00 in their pocket!
A husband and wife has $595,000.00.What would you do with $297,000.00 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 bank? Create money to loan to entrepreneurs.
Buy a new car? Create new jobs (keep existing ones).
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 are going to re-distribute the 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 are going to do an $85 billion bailout, let's bail out every adult U.S. Citizen 18+!
As for AIG, liquidate it! Sell of 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 is my rationale. We deserve it and AIG doesn't!
Sure it's a crazy idea tha 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 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.
Ahhhhh... I feel so much better getting that off my chest.
Kindest personal regards,
A Creative Guy & Citizen.


If only the U.S. Government actually had $85.5 Billion laying around. Now how do we distribute the $700. Billion??? It would be fun trying! :D