Bail out... not too late!!
I made a similar proposal in Atarraya* many years ago. However, I'm against the $800,000,000,000.00 bailout.
Instead, I'm in favor of giving $800,000,000,000,000 to the America taxpayers in a We Deserve A Dividend.
To make math simple, let's assume there are 200,000,000 bona-fide U.S. Citizens taxpayers over 18+ years of age.
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 $800 billon that equals $4,000.00.
My plan is to give $4,000 to every bona fide U.S. Citizens taxpayer over 18+ years of age 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 bona fide U.S. Citizens taxpayer 18+ has to pay $1,200.00 in taxes.
That sends $240,000,000,000 right back to Uncle Sam.
But it means that every adult 18+ has $2,800.00 in their pocket.
A husband and wife will have $5,600.00.
What would you do with $2,800.00 or $5,600.00 in your family?
Pay your mortgage – to resolve immediate financial crisis.
Repay college loans - what a great boost to new graduates…
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 bona fide U.S. Citizens taxpayers 18+ including the folks who lost their jobs at Lehman Brothers and every other company that is cutting back. Of course, includes those man and woman 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 $800 billion bailout, let's bail out every adult U S Citizen 18+!
As for debunked banks and Wall Street gambling houses - 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 $800 Billion
We Deserve It Dividend more than I do the geniuses at Wall Street, or Washington DC.
And remember, The Claudio's plan only really costs $560.0 Billion because $240.0 Billion is returned instantly in taxes to Uncle Sam.
Ahhh!! I feel better getting that off my chest.
Kindest personal regards,
PS: Feel free to pass this along to your friends and family as it's either good or a tear or a very sobering thought on how to best use $800 Billion bail out!!
* Old webpage at MIT students [Massachusetts Institute of Technology]
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