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Before you get out your nobel prize, get out your pocket calculator
and you'll find this so called genius can't do 4th grade
math. 85 billion / 200 million = $425
NOT 425,000
No wonder wall street and gov't is going bust. Learn to do math
before you reveal to us the wisdom of the ages please.
Boater805
At 12:57 PM 9/25/2008, you wrote:
Sent: Thursday, September 25, 2008 9:31 AM
Subject: FW: Economic Recovery
This is brilliant--I had not heard of
this before. This guy should at least get nominated for a Nobel
Prize in economics. Even if the numbers are skewed a little, the
point is well made. Let's face it, the economy only works when
money is circulating--it must change hands. Spending is to be
encouraged--within your means. Read
on...
'Success means
having the courage, determination, and the will to become the person you
believe you were meant to be.'
Subject: The
Birk Economic Recovery
Plan
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 bona fide
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 billion 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 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
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,
Birk
T. J. Birkenmeier, A
Creative Guy & Citizen of the
Republic
PS:
Feel free to
pass this along to your pals as it's either good for a laugh
or a tear or a very sobering thought on how to best use
$85
Billion!!
P.P.S. Even if the number is 250 million adults, the share is
$340,000 gross each!!!
($238,000
net after that estimated 30% federal tax
rate)
Your state
and local governments will want 'their share' too, but think of
all
the
pre-financed public works projects that could get done. More
jobs!
Repave
streets and upgrade utilities--that needs labor, and equipment and
materials.
This is way
better than 'trickle-down' economics--it would be 'tidal wave'
economics!
Make sure
the $25 billion that goes right back to Uncle Sam gets used for
debt
reduction.
PPPS--I heard on the radio that the
total of all recent and potential near-term bailouts may reach $500
billion. Put another way, half-a-trillion dollars. Or 500,000
million!
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6:51 PM
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