Bail out email I thought I'd share

iVillage Member
Registered: 03-19-2003
Bail out email I thought I'd share
28
Wed, 09-24-2008 - 2:50pm

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 $425,0 00 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 compan y
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 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 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 the geniuses at AIG or in Washington DC .


And remember, The Family pla n 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

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iVillage Member
Registered: 03-19-2003
Wed, 09-24-2008 - 4:12pm
yup - I briefly recall thinking 'that's more than 85 bil' but then thought it would happen around the same time George Clooney married me so what was the point in breaking out the calculator?

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iVillage Member
Registered: 08-25-2008
Wed, 09-24-2008 - 4:39pm

For example, let's say they give $50 billion to AIG, and AIG has a market value of $100 billion, consisting of 200 million shares at $5.

iVillage Member
Registered: 07-05-2006
Wed, 09-24-2008 - 4:44pm

Okay, I think I get it now.

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iVillage Member
Registered: 04-09-2007
Wed, 09-24-2008 - 4:59pm

I don't know of anyone I have heard from - Reps or Dems or Inds - that don't think there needs to be some level of profit sharing if a private company gets relief.

iVillage Member
Registered: 08-25-2008
Wed, 09-24-2008 - 5:10pm
I think the "maturity" idea is probably a good one.
iVillage Member
Registered: 04-09-2007
Wed, 09-24-2008 - 6:16pm
I'll write my Senators right now.
iVillage Member
Registered: 08-25-2008
Wed, 09-24-2008 - 7:58pm
An excellent idea, and one we amazingly agree on
iVillage Member
Registered: 04-09-2007
Wed, 09-24-2008 - 8:26pm

Done!

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