Wednesday, September 24, 2008

The "We Deserve It Dividend"

This makes a hell of a lot of sense. Lets face it, Voodoo economics has not worked. It's time to bail out the people, not the business that put us here.

THIS SOUNDS LIKE A GREAT PLAN TO ME. WHAT DO YOU THINK?

Sounds crazy but sounds good.

The Birk Economic Recovery Plan We Deserve It Dividend

I am against the $85,000,000,000.00 bailout of AIG.
Instead, I am 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 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 are 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 are going to do an $85 billion bailout, let's bail out ever y 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 is 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.

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,
& nbsp;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.


***UPDATE***
The large amount of fuzzy math in this article has been called to my attention. But a deal out of that magnitude is still amazing.

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