The Birk Economic Recovery Plan:
I’m against the $85,000,000,000.00 bailout of AIG. These People put us in this position in the 1st place because of their Greed.
Instead, Iâ€šÃ„Ã´m in favor of giving $85,000,000,000 to America in a We Deserve It Dividend.
To make the math simple, letâ€šÃ„Ã´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 tax free. So letâ€šÃ„Ã´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 â€šÃ„Ã¬ housing crisis solved.
Repay college loans â€šÃ„Ã¬ what a great boost to new grads.
- Put away money for college â€šÃ„Ã¬ itâ€šÃ„Ã´ll be there Safe in a bank â€šÃ„Ã¬ create money to loan to entrepreneurs.
- Buy a new car â€šÃ„Ã¬ create jobs.
- Invest in the market â€šÃ„Ã¬ capital drives growth.
- Pay for your parentâ€šÃ„Ã´s medical insurance â€šÃ„Ã¬ health care improves.
- Enable Deadbeat Dads to come clean â€šÃ„Ã¬ 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 weâ€šÃ„Ã´re going to re-distribute wealth letâ€šÃ„Ã´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 weâ€šÃ„Ã´re going to do an $85 billion bailout, letâ€šÃ„Ã´s bail out every adult U S Citizen 18+!
As for AIG â€šÃ„Ã¬ 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.
Hereâ€šÃ„Ã´s my rationale. We deserve it and AIG doesnâ€šÃ„Ã´t.
Sure itâ€šÃ„Ã´s a crazy idea that can â€šÃ„Ãºnever work.â€šÃ„Ã¹
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,
T. J. Birkenmeier, A Creative Guy & Citizen of the Republic.
PS: Feel free to pass this along to your pals as itâ€šÃ„Ã´s either good for a laugh or a tear or a very sobering thought on how to best use $85 Billionvia email from Jill C. Lord, Fri, 26 Sep 2008 12:46:39 -0700