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Sent: Thursday, September 25, 2008 9:31 AM
Subject: FW: Economic Recovery
This
is brilliant--I had not heard of this before. This guy should at least get
nominated for a Nobel Prize in economics. Even if the numbers are skewed a
little, the point is well made. Let's face it, the economy only works when
money is circulating--it must change hands. Spending is to be
encouraged--within your means. Read on...
'Success means having the courage, determination, and
the will to become the person you believe you were meant to
be.'
Subject: The Birk 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 America
in a We
Deserve It Dividend.
To make the math simple, let's assume there are 200,000,000
bona fide 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 billion 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 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!!
P.P.S. Even if
the number is 250 million adults, the share is $340,000 gross
each!!!
($238,000
net after that estimated 30% federal tax rate)
Your
state and local governments will want 'their share' too, but think of
all
the
pre-financed public works projects that could get done. More
jobs!
Repave
streets and upgrade utilities--that needs labor, and equipment and
materials.
This
is way better than 'trickle-down' economics--it would be 'tidal wave'
economics!
Make
sure the $25 billion that goes right back to Uncle Sam gets used for debt
reduction.
PPPS--I heard on
the radio that the total of all recent and potential near-term bailouts may
reach $500 billion. Put another way, half-a-trillion dollars. Or
500,000 million!
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