Sojourner's Place

we deserve it dividend  

Posted by SjP in

"A Creative Guy & Citizen of the Republic" offers the following bailout plan to save our economy. Sounds like a great plan to me...

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 $425,0 00 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 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.

Now that's an incentive package I could certainly use! Right on "A Creative Guy & Citizen of the Republic"! I hear the Treasury Secretary's job may be open soon.

Speak the Truth!

Obliged to you for hearing me, and now old SjP ain't got nothing more to say.

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This entry was posted at Friday, September 26, 2008 and is filed under . You can follow any responses to this entry through the .

5 sojourners hollin' back

That's a plan I can get with!! I have some major bills I could pay off (mortgage, medical & college). This plan should be submitted to congress.

September 26, 2008 at 1:31 PM

Do your comes out to $425.00 BEFORE taxes.

September 26, 2008 at 5:02 PM

@ Regina, I know that's right!

@ Donna, much obliged for the correction. Hopefully, the originator of this piece which I received via email realizes the error of his/her calculation.

September 26, 2008 at 10:47 PM

Unfortunately unless the capitalist system were dissolved at the same time it would cause huge inflation and the devaluation of currency. Though I agree welfare for the rich is wrong. That money could be used to fix the infrastructure, repair damaged schools, rebuild New Orleans, fund health care, the list goes on and on. You are right there are better ways to spend that kind of money.

September 27, 2008 at 1:09 AM

@ Renee, it is just unfortunate that we are about on a bill that the middle class will have to pay back for several generations.

September 27, 2008 at 12:44 PM
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