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I received this from a friend who is a deep south democrat the other day. I put it in the trash box with all the other email of this type I get. Today I got it again. This time it was from a republican. Wacky as it is it at least deserves a read and some comment:

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 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 bai l 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 yo ur pals as it's either good for a laugh or a tear or a very sobering thought on how to best use $85 Billion!!
 
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Certainly more reasonable than the idea of flushing 700 Billion (More like a couple TRILLION when they are done) down the toilet to save mismanaged companies that can't support their net worth with over-valued properties. I don't support CORPORATE WELFARE any more than I support regular welfare.

I do support 400k in my pocket though... lol

just kidding. :)
 

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Too bad the writer failed to do the math properly. If you take the time to compute the data you will see that it is not all that beneficial.
 
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I was just kidding. 100 million mortgages being paid off all at once would probably be even more catastrophic to the mortgage industry at this point. The best bet is to let the market correct itself, and not to save rich people on the backs of the taxpayer. It's going to be doom and gloom on TV as they try to convince us that if this bailout doesn't pass, credit will freeze, zombies will spawn, and the world will end.
 
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