THE BAILOUT: Here is a much better idea...

Comment #16

Think — Wed, 01 Oct 2008 15:57:13 GMT

What about the people that would just use it to buy drugs or use it to enable another criminal habit? I could continue on many other tangents but cleary this guys idea is half baked.

Comment #15

Stack47 — Wed, 01 Oct 2008 14:24:51 GMT

If anybody emailed this proposal to their Congressman, I sure hope they did the math first; $85 billion divided by 200 million is only $425.

Comment #14

wiltay — Tue, 30 Sep 2008 16:04:50 GMT

Terrific idea!!! I like it. By the time everyone paid all their bills and did some investments, paid taxes etc., the government would have the majority of it back and the economy would be strong again, but they would never do this because they want to keep the poor, poor and they want to remain the elite. I do agree, you should send this idea to every news and radio station and Washington!

Comment #13

spy153 — Tue, 30 Sep 2008 14:17:27 GMT

I'm glad rccbuckeye did the math on this one because I knew the numbers weren't right, but I was being lazy. :) It would be a great idea if those numbers were true. That really would get the economy back into gear. I don't really think we are going into a great depression era, but we have had some scary moments lately on wall street and I have been wrong before.

Comment #12

spy153 — Tue, 30 Sep 2008 13:27:33 GMT

Nevermind, it's fixed. :)

Comment #11

spy153 — Tue, 30 Sep 2008 11:52:58 GMT

Todd, I hate to do this here, but I am unable to make any comments or replies to any messages within the forums. I have cleared my cache per your instructions, what else can I do?

Comment #10

jarasan — Tue, 30 Sep 2008 01:20:07 GMT

Let us not forget the dems. that voted nay, hats off to all. The language on the bill was of "insuring" the economy and is quite different than "promoting" the economy. Here is a refresher: â€œ We the People of the United States, in Order to form a more perfect Union, establish Justice, insure domestic Tranquility, provide for the common defence, PROMOTE the general Welfare, and secure the Blessings of Liberty to ourselves and our Posterity, do ordain and establish this Constitution for... [ More ]

Comment #9

rcbbuckeye — Tue, 30 Sep 2008 01:10:24 GMT

Well, I had to use my computer calculator because of so many zeros. Unfortunately, 85 billion divided by 200 million comes out to $425 per person. 700 billion divided by 200 million is $3500. Still not much to get excited about. But hey, thanks to Congress I lost a crapload of money today. That got me excited.

Comment #8

Rick G — Tue, 30 Sep 2008 00:30:30 GMT

Bailout One was defeated in the House today. Hats off to the Republicans for having a majority of the NO vote. At least some congressmen were listening to their constituents.

Comment #7

jarasan — Tue, 30 Sep 2008 00:14:21 GMT

Ok! I think it is a great idea! But what will the rest of the world say, now that we really got the highest per capita. I really think that there will be inflation there would be a heck of a run on everything, productivity would go down, and what would be the incentive to produce anything? I think it might cause more trouble. Not that I don't think there are those that would be responsible but...............................

Comment #6

pacattack05 — Mon, 29 Sep 2008 04:26:47 GMT

Don't hold your breath. Nice idea, but you and I know that'll never happen. It makes too much sense, and the real people in charge wouldn't like everyday folks to ruin their despicable plan.

Comment #5

JAP69 — Mon, 29 Sep 2008 03:37:56 GMT

All those homeowners owing less than 300,000.00 could payoff their mortgages in default and their would be no worthless paper being held by the creditors. Also high interest credit cards in default. I could personaly retire with $300,00.00 Ohhhh I forgot. Citizens must work their way out of debt and have ruined credit for years to come.

Comment #4

Jack-C — Mon, 29 Sep 2008 03:36:15 GMT

I love it!

Comment #3

four4me — Mon, 29 Sep 2008 03:30:43 GMT

I think you should submit that idea to every news room on the web.

Comment #2

rcbbuckeye — Mon, 29 Sep 2008 03:17:54 GMT

I don't know if all the numbers are accurate, but the basis of that idea is so logical that it would never happen. If every American had money like that, well. if I had money like that, I could get my daughter through college with out her and me borrowing money, plus my son in a few years, pay off debt, and invest in more REITs than I do now. Alas, Washington would rather decide who really gets all that money. It ain't you and me. Very interesting post. Thanks.

Comment #1

konane — Mon, 29 Sep 2008 03:13:37 GMT

Love it!!!!

Original Blog Entry: THE BAILOUT: Here is a much better idea...

Todd — Mon, 29 Sep 2008 02:25:20 GMT

This arrived in my e-mail box this evening. I think it's brilliant.

What do you think?

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+ ....

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