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 U.S.
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.
