Would this work?

[SpursFanFirst]

First off, this is a from a "forward" that I received in my email this morning.
It's not a chain letter, but same difference, I suppose.

I'm just curious...for those who understand this financial situation, would this guy's idea work? Is this even logical?


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

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 do an $85 billion bailout, let's bail out every adult U S Citizen 18+! 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!

Kindest personal regards,

T.J. Birkenmeier, Creative Guy and Citizen of the Republic

[Trainwreck2100]

No, they couldn't even do 600 a person right

[Spurminator]

First off, this is a from a "forward" that I received in my email this morning.
It's not a chain letter, but same difference, I suppose.

I'm just curious...for those who understand this financial situation, would this guy's idea work? Is this even logical?

Check the math.

[SpursFanFirst]

Check the math.

Yeah, ummmm...I TOTALLY suck at math, which is another reason I was hoping someone else could answer this.

[Spurminator]

$85,000,000,000 divided by 200,000,000 = $425

[baseline bum]

Simple arithmetic. Gotta love these BS chain emails that try to con people by making outright lies with the numbers.

[boutons_]

There are lots of ways to address the liquidity problem.

Paulsen's framing the solution as specifically and only as $700B-stringless/in-7-days/or-else exposes the criminality of the adventure.

It seems like Congress is attaching some strings. Paulsen's silly 3 pages has now been rididuled as Congress tries to make a plan workable, 100s of pages more numerous than 3.

If they don't stop the foreclosures, bailing out the lenders and money-changers won't really solve the real problem, worthless, non-performing loans.

[boutons_]

Here's where they are now

http://www.nytimes.com/2008/09/28/business/28bailout.html?hp=&pagewanted=print

... sounds like no relief for homeowners/borrowers, only bailing out the lenders. So their solution skirts the real problem. Nice going, assholes.

[ChumpDumper]

Here's where they are now

http://www.nytimes.com/2008/09/28/business/28bailout.html?hp=&pagewanted=print

... sounds like no relief for homeowners/borrowers, only bailing out the lenders. So their solution skirts the real problem. Nice going, assholes.
The administration had initially requested nearly unfettered authority to run the rescue program. But in negotiations over the last week, the White House agreed to accept close oversight of the program by an independent board, as well as a requirement that the government increase its efforts to prevent home foreclosures.

Apparently it will happen.

[boutons_]

"increase its efforts"

:lol

[MannyIsGod]

Why do people fall for this? No offense, its frustrating that the average American can't even do some division or they get scared because they see a lot of zeros. This is shit you learn in like 3rd or 4th grade.

Furthermore, the premise of it is absolute shit. No one sees any problems with the Government just handing us money and thinking that could fix the problem? Doesn't the "its WAY too fucking good to be true" relfex automatically kick in?

I'd be emberassed to fall for this shit. I really would.

[baseline bum]

Why do people fall for this? No offense, its frustrating that the average American can't even do some division or they get scared because they see a lot of zeros. This is shit you learn in like 3rd or 4th grade.


No shit. The state of math education in this country is pathetic.

[SpursFanFirst]

$85,000,000,000 divided by 200,000,000 = $425


oh :lol
OK...the numbers were a tad off.

edit: ok...I went back and re-read my post....and you were totally right...
simple arithmetic.

I also see now that he got 425,000 per person because he divided 85,000,000,000 by 200,000 NOT 200,000,000 like he stated.

Well, he sucks.

Oh...and for the record, I wasn't buying what he said hook, line, and sinker...just thought I'd ask.

[2centsworth]

No shit. The state of math education in this country is pathetic.
Hence people's inability to be logical.