Bail out... not too late!!

[claudio512]

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,

Claudio

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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[stuartyp]

Of course everyones' savings will go down by the amount of the give-away (I.E. inflation,..or stated more honnestly,.."currency deflation"),..so all that does is rob the frugal people who are saving for their retirement or their childerens' college fund and give it to others that don't deserve it.

It is the same disasterous idea that helped get us here in the first place.

I know your kidding of course,..so I'm confident you won't take offense.

Most of my money I spent on beer and women, the rest I just wasted. :)))

[claudio512]

Thank you, and your comments are well taken because it is the same disastrous idea in spite the extra $$$ on everyone pockets. However, too much intellect here to take as an offense. Indeed, my money goes to cars, women [wife and two daughters], booze and parties, ha!!

Be well...

[lezonebay]

and his posting of a 99 article. You will understand that by NOT giving the 700B package deal you and many "citizen" would have hurt by more then lousy 4000usd.

This is not an easy decision and certainly not "they" will pay for it but we will. I personly don't feel disturbed to pay 4000usd from my taxes in order to save the credit of the USA.
Why ? Because WE are the ones who used it all and enjoyed it. I did not screw up like many did, I did not have 2nd mortgage but I feel sorry for not doing it. I could just file bankruptcy like many others and packet the money I would have in my account/pillow case.
I was too nervous and cautious about this whole credit hype and luckily did not get burned - yet.

I think MarkSBA is correct about many things about this and is not a time to point fingers at each other.
The recession could be reduced to a year or two year old one and then the economy would grew faster then ever again.

sometimes its better to let the forrest to burn down instead of save it. The trees will grow faster after a burn out.

[claudio512]

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[lezonebay]

bankers, loan officers, lawyers, brokers, and the like and never the corn growing cow raising simple man.
If there was a crisis in the agricultural business the government never stepped in with 700 Billion.
strange as both have a horrible effect on the global economy yet we ran towards the white collar crooks instead of the blue collar simple man.

gotta think if this isn't all "brotherhood" at the end

[stuartyp]

Don't we massivly subsidize the corn growers and put artificial prices on stuff like sugar to help them out? Start this Ethanol farce to raise their prices at a big cost to the rest of us? Pay farmers to destroy part of their crops and pay them not to grow certain things?

Maybe some of that is myth or old policies,...

Most of my money I spent on beer and women, the rest I just wasted. :)))

[stuartyp]

After An Exhausting Bailout, AIG Execs Needed A Break!

Jay Yarow | Oct 7, 2008 11:23 AM



Imagine watching the international company you run fall apart. Now imagine you've got to work double time to keep the company from destroying the global economy because you've involved your company in many businesses around the world.

Everyday you wake up and the newspaper is hammering your boneheaded decisions. Meanwhile CNBC has ten people on the screen at once talking about your failures. Finally, you go hat in hand to the government who reluctantly gives you the money you need to protect the world against the mess you made.

Ugh, feels stressful just thinking about it. Afterwards, you probably want "Me" time to recuperate, correct? Okay, good. Now that you've been through what the AIG execs have been through, we hope you won't judge them too harshly:

ABC: Less than a week after the federal government committed $85 billion to bail out AIG, executives of the giant AIG insurance company headed for a week-long retreat at a luxury resort and spa, the St. Regis Resort in Monarch Beach, California, Congressional investigators revealed today.

...AIG documents obtained by Waxman's investigators show the company paid more than $440,000 for the retreat, including nearly $200,000 for rooms, $150,000 for meals and $23,000 in spa charges.
"Less than one week after the taxpayers rescued AIG, company executives could be found wining and dining at one of the most exclusive resorts in the nation," said Waxman as he prepared to question AIG executives.


http://www.businesssheet.com/2008/10...needed-a-break

Most of my money I spent on beer and women, the rest I just wasted. :)))

[lezonebay]

now thats nice :-) a spa after the people (no not the goverment) saved their arses they get a 440k usd massage package. damn, I wish I could be one of those a@@Holes

[Mark in SBA]

Laszlo, you'd be killing the golden goose - independent sales agents would simply shift their efforts to the competition.

$400K is 0.0000005% of $85B, which of course is still going to be repaid to the government with interest, and they get 70 percent of a healthy AIG at the end.

I say spend millions on junkets and keep these independent agents producing sales for AIG.

Congress is officially brain-dead.