The best plan I’ve seen.
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 those 200 million adults into $85 billon that equals $425,000.00 each.
My plan is to give $425,000 to every one of those adults as a “We Deserve It Dividend”.
Of course, it would NOT be tax free. So let’s assume a tax rate of 30%.
Each of them would pay $127,500.00 in taxes.
That sends $25,500,000,000 right back to Uncle Sam.
But it means that every adult has $297,500.00 in their pocket.
A husband and wife would have $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, 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 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!!
Hat tip to TA for sending me the email.
5 Comments »
Leave a comment
About
The author of this blog is a conservative Christian who seeks to express her own opinions regarding a wide range of issues confronting American society. She is a woman whom an American Soldier calls “Mom,” the daughter of a World War II Marine who, throughout his life, attributed his most important developmental experiences to his military service. I invite anyone to express his or her own point of view, but I will not tolerate any abridgment of common decency, including vulgar expressions, ad hominem attack, or any violation of civil law respecting libel or slander.
Sign the International petition in support of Free Speech worldwide and Geert Wilders.
“It does not take a majority to prevail… but rather an irate, tireless minority, keen on setting brushfires of freedom in the minds of men.”
Samuel Adams
On Going Issues Links:
-
What readers are saying:
-
[...] thedrifter wrote an interesting post today onHere’s a quick excerpt-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 … [...]
Pingback by The Car insurance blog » Blog Archive » The best plan I’ve seen. | September 28, 2008
First the problem, it’s only $425 dollars not $425,000.
85,000,000,000
200,000,000. Cancel out the zeros. 850/2=425.
Second, I hate to be partisan on here because it does little to convince people of my perspective but this is typical Reagan “trickle down” economics. The basics of the theory are ” increases in the wealth of the rich are good for the poor because some of such additional wealth will eventually trickle down to the middle class and to the poor.” (Wikipedia.com http://en.wikipedia.org/wiki/Trickle_down_economics). Which no one has been able to explain to me with any intelligent reasoning.
Suppose that, in these hard times, you own a company that makes ovens. Right now, no one can afford to buy new ovens. The theory is that if you’re given a million dollars you will invest in your company, hire more people who would have more money to buy more ovens. Does that really make sense?
I tend to think the insurance idea would help the economy and let the market correct itself. I also think all who were irresponsible enough to do this on Wall Street, Capitol Hill and the CEOs in the affected companies need to be held accountable and prosecuted.
The math is not wrong. The calculators that we use do not extend out the following zero’s.
To check the math, do it backwords: $425,000.00 X 200,000,000.00 (people)= $85,000,000,000.00.
I too thought the math was off (because my calculator dropped the zero’s) so I decided to find out how much the $425,000.00 dividend per citizen would actually need to be and it equals the same $85,000,000,000.00 (85 Billion Dollars) based on the 200,000,000. (200 Million adults).
It makes a lot of since to me! Matter of fact, I had said the same thing to everyone I know here in Alaska but I proposed a $1,000,000.00 (1 Million dollar payout) to everyone with a 30% estimated taxes withheld prior to disbursement (this way, no one would owe Uncle Sam a large amount later {the honor system is flawed}).
However, I had the following to add to Mr. Birks proposal:
First step of this plan should be:
1. Put a 3 to 6 month “freeze / moratorium” on everything!
a) Mortgages
b) Vehicle loans
c) Personal loans
d) All Collection actions.
2. Within two months from the beginning of the “freeze” disburse to all Americans 18 years old and older, the following plan…
I’m against the $85 BILLION bailout of AIG. Instead, I’m in favor of giving $85,000,000,000 to America in a “We Deserve It” dividend (The Burk Plan). To make the math simple, let’s assume there are 200,000,000 bona fide U.S. citizens, aged 18+.
Our population is about 301 million counting every man, woman and child. So, 200,000,000 might be a fair stab at adults 18 and up. Now, divide 200 million, 18+ adults into $85 billion – that equals $425,000.00 each! Yes, my plan is to give that $425,000 to every adult as a “We Deserve It” dividend.
Of course, it would NOT be tax free. So, let’s assume a tax rate of 30%. Everyone would pay $127,500.00 in (estimated; before disbursement) taxes. That sends $25.5 billion right back to Uncle Sam! It also means that every adult 18+ has $297,500.00 in their pocket. A husband and wife would have $595,000.00!
What would you do with $297,500.00 to $595,000.00?
* Pay off your mortgage – housing crisis solved
* Pay off all personal debt.
* Repay college loans – what a great boost to new grads
* Put away money for college – it’ll really be there
* Save in a bank – create money to loan to entrepreneurs
* Buy a new car – save / create jobs (and save U.S. Auto Industry)
* 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 (this would also be paid in full before disbursement)
Remember this is for every adult U.S. citizen, 18 and older (including the folks who lost their jobs at Lehmann 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 $1,000.00 economic incentive.
If we’re going to do an $85 billion bailout, let’s bail out every adult U.S. citizen!!
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. We deserve the money and AIG doesn’t. Sure it’s a crazy idea, but can you imagine the coast-to-coast block party?!
How do you spell Economic Boom? W-e D-e-s-e-r-v-e I-t d-i-v-i-d-e-n-d! 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, D.C..
And remember, The Burk plan only really costs $59.5 billion because $25.5 billion is returned instantly in taxes to Uncle Sam.
This plan will allow within the 3 to 6 month “freeze” to pay off all debt, stimulate the economy by paid home mortgages as well as new home purchases and now all property taxes are paid thereby supporting local government.
It will also eliminate the welfare and unemployment roles for at least two to 6 years.
Those individuals that are disabled get a “Pass Thru” much like Alaska PFD recipients for the first two to six years and still receive their full social security benefits; however, their “State” (Public Assistance) payments will be cut to 25% during that time period.
For the individuals that receive “Food stamps” and “Temporary Assistance” (families with children and no disability), their benefits cancel immediately except for Medicaid (this program will continue to cover children, pregnant women, disabled, elderly and those eligible under the C.A.M.A. program {terminal illnesses}).
In addition, all current and recipients and applicants (within the prior 180 days) of the payout date is required to complete financial management courses provided by the Welfare department (free of charge, but mandatory) in order to receive their full “We Deserve It Dividend”.
This “educational” program should provide for helping the head of household to learn about the home purchasing process, what to look for in a home and the acquisition of a home; how to buy a car; how to save on food purchases and how to properly manage the month to month household / living expenses; receive job training and should have a job that pays enough to support their family size; how credit works and how to help them clean their credit; and finally, a service that assists them monthly for a year to show them how to pay the bills on time.
Conventional housing recipients should be given the option to purchase the home that they currently live in (only housing authority owned properties) or H.U.D. owned properties.
I know this seems as though it will eliminate the classes (i.e.… middle class, working class, the poor) but it does not. The classes will remain the same.
Also, there are those that are afraid that their employees will leave do not have to worry because if in fact an employee quits their job, then that was not a very good employee to begin with. This will allow for someone else better suited that recognizes the importance of the workforce to continue this country to grow. We will all end up with happy efficient employees; the workplace will be more productive and dependable.
I think that this atmosphere will also produce from the lower classes new and brighter ideas (entrepreneurship, inventions) that will produce new jobs and infrastructure.
Those villages, towns, reservations, cities, boroughs, counties and states that receive sales taxes to support their government will all be sustained through new and increased spending for at least the first 6 years.
Offer an “Opt-Out” for those that do not want to receive the “We Deserve It Dividend”.
In all realistic terms, there will be those that “Blow” the money and loose it all (like I said, the classes will remain the same {you all know the Queen Bee and Worker Bee mentality is true}) and will probably get back on the welfare rolls; however, I am sure they will learn their lesson when they no longer have it available and they go back to have to struggle to make ends meet while the majority of us move on and see these unfortunate folks working in the fast food industry asking: “May I take your order, please”!
Oh, and not to forget those that want to leave the good ole’ U.S.A. So long, See ya, Bye and good reddens!
Offer tax incentives to the large corporations that bring their businesses back home and only for the locations that are physically in the United States; all other locations will be taxed at a higher rate and all imports will be taxed as well.
Regarding crime: Crime will continue but I am assuming at a lower rate because all legal residents would receive this payment and those that are plain outright greedy or illegal (because they want what we got) will try and take it.
Regarding people incarcerated: if they have been convicted at the time of disbursement and are still in jail, their payments are to be held by their home state and disbursed as follows:
1. Any child support owed (arrears and future calculations until the child’s 19th birthday) paid in full and paid to the custodial parent monthly until that child reaches 19;
2. If serving a life sentence for murder or molestation, pay the victims family;
3. Drug crimes and blue collar crimes pay off restitution and remaining to be released to them once they are released.
For parents that have children in foster care: 30% to be put in a trust for their children.
During the next 2 years, the medical and pharmaceutical companies need to be completely overhauled and charges capped at the national Medicaid pay levels with an allowance for cost of living increases per year capped at 5%.
All Pre-K thru 12 educators, law enforcement, firemen, nurses and dental assistants are allowed one free home in the State they work in and must be their primary residence (and this can only be issued once every ten years to provide neighborhood stability).
The same above should receive “free” (tuition and books) continued education.
All citizens that have lost a home through foreclosure in the prior 3 years will be able to recover the lost home if it has not been sold to another family (in other words, if the home is still bank owned and a private person has not purchased the home and it is still vacant or only has renters in it, the previous owners can get it back if they so choose at the current fair market value or the amount the lender paid for it plus 20%).
All negative credit reporting to be removed from everyone’s credit record, and new credit reporting to start after 6 months after disbursement (no prior disbursement negative credit to be listed ever again) (give everyone a fresh start).
Thank you for the comment Myrtle, and please tell me you are either a math teacher or an accountant! I am such a math moron I really respect people who aren’t! *grin*
I really like this idea for incarcerated recipients:
1. Any child support owed (arrears and future calculations until the child’s 19th birthday) paid in full and paid to the custodial parent monthly until that child reaches 19;
2. If serving a life sentence for murder or molestation, pay the victims family;
3. Drug crimes and blue collar crimes pay off restitution and remaining to be released to them once they are released.
…but please add that if the tax payers have paid out thousands of dollars for the incarcerated parties’ legal defenses… reimbursement is in order immediately!