View From Table 9

September 30, 2008

The We Deserve it Dividend

Filed under: Uncategorized — table9 @ 12:57 am
Tags: , , , , , , , ,

I *really* wish I could give proper shout out to the OP of this idea, because I think it’s quite good.  Found this on the Daily Show website (of course!).

09.26.08 at 02:42pm

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 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 the geniuses at AIG or in Washington DC. 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. Interesting ‘Be kinder than necessary because everyone you meet is fighting some kind of battle.

by smknmom420<!–

1 Comment »

  1. […] White House It’s amazing how quickly a good idea spreads, isn’t it?  Take the We Deserve it Dividend.  What started as a simple post somewhere has spread quite far.  Far enough of course that some […]

    Pingback by The Math is not the Point « View From Table 9 — October 31, 2008 @ 11:05 am | Reply


RSS feed for comments on this post. TrackBack URI

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Create a free website or blog at WordPress.com.

%d bloggers like this: