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Sounds like a Great Plan to Me..
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glockman55
Super Member
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Joined: Dec 12, 2005
Posts: 831
Location: Michigan

PostPosted: Thu Sep 25, 2008 7:14 pm    Post subject: Sounds like a Great Plan to Me.. Reply with quote

Hi All
>
> 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
> <http://investorshub.advfn.com/boards/read_msg.aspx?message_id=32342152>
> tax
> free.
> So let's assume a tax
> <http://investorshub.advfn.com/boards/read_msg.aspx?message_id=32342152>
> 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?
> <http://investorshub.advfn.com/boards/read_msg.aspx?message_id=32342152>
> 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
> <http://investorshub.advfn.com/boards/read_msg.aspx?message_id=32342152>
> 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,
>

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Vince
Super Member
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Joined: May 25, 2005
Posts: 13168
Location: Brisbane AUSTRALIA

PostPosted: Thu Sep 25, 2008 10:04 pm    Post subject: Re: Sounds like a Great Plan to Me.. Reply with quote

Don't forget to track down and financially crucify the previous CEOs who took MASSIVE payouts for "doing their job", but in fact obviously took the company to the wall.

They are the ones who should really pay, but of course big business would never allow it to happen.

Apart from tha...I like your way of thinking mate.

Cheers, Vince

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Cheers, Vince Cheers

Illegitimi non carborundum
(Never let the bastards grind you down)

Live simply. Love generously. Care deeply. Speak kindly. Leave the rest to God.

"Nulla Si Fa Senza Volonta."
(Without Commitment, Nothing Gets Done)
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English Mike
Super Member
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Joined: Jan 08, 2007
Posts: 1165
Location: Whitehaven, Cumbria, UK

PostPosted: Fri Sep 26, 2008 1:51 am    Post subject: Re: Sounds like a Great Plan to Me.. Reply with quote

Do the maths:

$85,000,000,000 divided by 200,000,000 is $425 not $425,000.
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tikkat3
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Joined: Jul 30, 2006
Posts: 696

PostPosted: Fri Sep 26, 2008 2:21 am    Post subject: Re: Sounds like a Great Plan to Me.. Reply with quote

I like Glockmans maths.
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glockman55
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Joined: Dec 12, 2005
Posts: 831
Location: Michigan

PostPosted: Fri Sep 26, 2008 4:18 am    Post subject: Re: Sounds like a Great Plan to Me.. Reply with quote

I was never that good in Math...

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Last edited by glockman55 on Fri Sep 26, 2008 4:29 am; edited 1 time in total
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OntheLasGallinas
Super Member
Super Member


Joined: Aug 23, 2007
Posts: 1042
Location: South Texas

PostPosted: Fri Sep 26, 2008 4:27 am    Post subject: Re: Sounds like a Great Plan to Me.. Reply with quote

What ever the math may be, Vince is right. A "white collar crime" was committed and the American tax payer will pay dearly.

I would track the CEO culprits down to the four corner of the globe and make them pay. I would'nt just do it to set an example, they would all be examples. A crime is a crime, no matter how you paint it. The congressmen that took money from these companies and even the ones that voted (socialist democrats) to deregulate the banking industry in (I believe) 1995, should be publicly chastised with their names published in every newspaper in the world. Accountability should be demanded by the public.

Cary

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Dimitri
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Joined: Nov 25, 2005
Posts: 5906
Location: Southern Ontario

PostPosted: Fri Sep 26, 2008 4:31 am    Post subject: Re: Sounds like a Great Plan to Me.. Reply with quote

glockman55 wrote:
but $85,000.000.00 million divied by 200,000,000. is 425.

Think you forgot a decimal point it should be 42.5 cents!

425$ wont do much in a single persons pocket.

Dimitri

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OntheLasGallinas
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Joined: Aug 23, 2007
Posts: 1042
Location: South Texas

PostPosted: Fri Sep 26, 2008 4:35 am    Post subject: Re: Sounds like a Great Plan to Me.. Reply with quote

Using those numbers, D's right.

Cary

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glockman55
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Joined: Dec 12, 2005
Posts: 831
Location: Michigan

PostPosted: Fri Sep 26, 2008 5:06 am    Post subject: Re: Sounds like a Great Plan to Me.. Reply with quote

Hey, it was a good thought for a second..

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TRBLSHTR
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Joined: Mar 23, 2007
Posts: 1038
Location: Lower 48's-left coast(near portlandia)

PostPosted: Fri Sep 26, 2008 10:47 am    Post subject: Re: Sounds like a Great Plan to Me.. Reply with quote

Confused Hey Dimitri was it 85$billion,or 85$million? Confused

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English Mike
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Joined: Jan 08, 2007
Posts: 1165
Location: Whitehaven, Cumbria, UK

PostPosted: Fri Sep 26, 2008 11:36 am    Post subject: Re: Sounds like a Great Plan to Me.. Reply with quote

IMO all companies that get $ from this bail out ought to hand over 51% of their shares for distribution to every US taxpayer, as it is they that are going to pay for fixing the mess.

What amazes me is that those who caused the disaster are STILL paying themselves huge "performance" bonuses.

I wouldn't trust them to sweep the streets with a broom.
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OntheLasGallinas
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Joined: Aug 23, 2007
Posts: 1042
Location: South Texas

PostPosted: Fri Sep 26, 2008 1:39 pm    Post subject: Re: Sounds like a Great Plan to Me.. Reply with quote

Great idea Mike! If you were to run for president of the US, I'd vote for you!

Cary

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Handloader
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Joined: Aug 22, 2005
Posts: 1032
Location: Phoenix, Arizona

PostPosted: Fri Sep 26, 2008 4:53 pm    Post subject: Re: Sounds like a Great Plan to Me.. Reply with quote

OK, now recompute using the total bailout amount of 1.5 trillion, the estimated true cost for this "revolving line of credit that has no legislative or judicial oversight". Please send my share within 48 hours.

The problem with this mess is that it is complex and that very complexity and incomprehensible tangle of money leads many, myself included, to believe the revolution is getting closer. When regular Americans can't phathom the methodologies and intricacies of basic neo-economics, something is rotten in Washington.
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