BailOut Solution – I’m in for at least $425k

I really like Mark Cuban’s BailOut plan, making use of the free market to get us out of this mess and keeping it transparent by creating an exchange-traded fund (ETF).

I recently got an e-mail with another option for an economic recovery plan detailed below…. my kind of plan!!!

Now here's an idea!!!!

Subject: The JK Economic Recovery Plan

I'm against the $85,000,000,000.00 bailout of AIG. 

Instead, I'm in favor of giving $85,000,000,000 to in a We Deserve It
Dividend. 

To make the math simple, let's assume there are 200,000,000 bonafide
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 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 . 

And remember, The Birk plan only really costs $59.5 Billion because
$25.5 Billion is returned instantly in taxes to Uncle Sam.

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One thought on “BailOut Solution – I’m in for at least $425k

  1. mani says:

    Wow… thank God I studied languages!! 🙂 LOve ya!!

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