Internet's first get-out-of-debt community - 135,000 members

from a friend...

"This idea sounds just crazy enough to possibly work, so
naturally it won't be given serious consideration. How
great is our bureaucracy!!

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 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, This 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.

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!!"

Posted: Thu Sep 25, 2008 2:06 pm Subject:

That sounds like an excellent idea to me.... Laughing

Posted: Thu Sep 25, 2008 4:38 pm Subject:

haha, i like that! seriously, it would work. how i wish things really worked that way..

Posted: Fri Oct 03, 2008 6:56 am Subject:

I just got this sent to me and I think it is an excellent idea, but hey....it sounds too simple, so you know that the government would never go for it. Everything has to be complicated with them.

Posted: Fri Oct 03, 2008 7:03 am Subject:

I heard on the radio the other day that this is a hoax email, the math part anyway. They said that #1 most calculators can't work out the numbers, so people don't bother to check it, and #2 they put the numbers at the beginning, and then a lengthy email behind, so even if people DID have the ability to check the figures, they are less likely to do so. They said the actual amounts worked out to be less the 3 zeros ... $425 instead of $425,000 etc.

Posted: Sat Nov 15, 2008 9:38 am Subject:

Im not sure about this... i mean it sounds amazing and i would love to see that happen because when i heard about the AIG deal with all that money bailing out a company with over $500 million dollars in bonuses.. i wanted to cry and then slap our government in the face.

But about this post, it may be a hoax... because no one is really going to take the time to test the math that is enclosed in it... Although now that its mentioned i would love to take the time and figure it out for myself...although calculators cannot do the math with all the huge numbers, and im sure my brain cant either... so i just proved the above statement to be true. Very Happy

Posted: Sat Nov 15, 2008 3:30 pm Subject:

It's painfully simple. Just cancel the zeros. Basic algebra.

*Name:
*Email:
*Phone:
*Zip:
*Debt

	* denotes required field

Internet's first get-out-of-debt community - 135,000 members

brilliant idea INSTEAD of paying AIG, pay US!

Members Area

Free Debt Counseling

Ask the community

Also See

Featured Discussions

Featured Articles

Recent Forum Discussions

Recent Blog Post