Friday, September 26, 2008

An Alternate Bailout

This is a great idea being circulated via email.

I’m against the $700,000,000,000.00 bailout of our pathetic financial institutions

Instead, I’m in favor of giving $700,000,000,000 to
America in

a We Deserve It Dividend.

To make the math simple, let’s assume there are 200,00 0,000

bonafide adults in the

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 $700 billon that equals $3,500,000.00 .

My plan is to give $3,500,000 to every person 18+ as a

We Deserve It Divided.

Of course, it would NOT be tax free.

So let’s assume a tax rate of 30%.

Every individual 18+ has to pay $1,050,000 in taxes.

That sends $210,500,000,000 right back to Uncle Sam.

But it means that every adult 18+ has $2,450,00.00 in their pocket.

A husband and wife has $4,900,000.00.

What would you do w ith $2,450,000 to $4,900,000 in your family?

Pay off your mortgage – housing crisis solved.

Buy that vacation home you have always dreamed of (or 2 or 3)

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 (or 2 or 3) – create jobs

Invest in the market – capital drives growth

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.

If we’re going to do an $700 billion bailout, let’s bail out every adult U S Citizen 18+!

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?

And remember, this plan only really costs $489.5 Billion because $210.5 Billion is returned

instantly in taxes to Uncle Sam.


Unconventional Conventionist said...

Sorry, but the math is incorrect. $700B divided amongst every man woman and child comes out to a little over $2,300.

That would be the same amount if we gave it to ourselves, versus giving it to Wall Street.

Randal Graves said...

I could get totally baked on $2300.

alzaido alzaido said...

UC - This bit considers giving money to only adults and no children. You are correct that it does not equal 3.5 million per person though; however it is much greater then you state too.

To do this math roughly divide 700,000,000,000 by 200,000,000.

To simplify this math you can drop the zeroes as long as they are equally dropped on both sides (6 zeroes.) 700,000 / 2 = 350,000. I think we could solve this problem with that kind of economic stimulus package.

Ricky said...

Dude, your math is way off. Just use a calculator. Each person would get $3,500.00. I could almost get rid of half of my credit debt. Awesome.