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Open letter to Congress
Sep 27, 2008
Focus: Government
Action Request: Think About
Location: United States

 

                    Someone came up with a great plan !!!!!
                                   An Intriguing bailout proposal...
         
    Dear Congress and Mr. President:
       I'm against the $85,000,000, 000.00 bailout of AIG. (That's 85
 BILLION DOLLARS).

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 billon 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 compan 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 AmericanGeneral.
      
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 the geniuses at AIG or in Washington DC do
     
And remember, The Family 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,
A Creative Guy & Citizen of the Republic.
someone emailed me this ....makes more sense to me than what all the hair brained politicians are coming up with!
 
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Posted: Sep 27, 2008 5:18pm

 
 
 
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Author

Terri S.
female, age 59, single, 2 children
Phoenix, AZ, USA
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