Bailout Proposal

[Paul Simpson]

=20
If you are against the $85,000,000,000.00 bailout here is a plan that =
could work.
=20
Instead, I'm in favor of giving $85,000,000,000 to America in a We =
Deserve It Dividend. =20
=20
To make the math simple, let's assume there are 200,000,000 bonafide =
U.S. Citizens 18+. =20

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..=20
=20
So divide 200 million adults 18+ into $85 billon that equals =
$425,000.00.=20

My plan is to give $425,000 to every person 18+ as a We Deserve It =
Dividend.
=20
Of course, it would NOT be tax free.
=20
So let's assume a tax rate of 30%.=20
=20
Every individual 18+ has to pay $127,500.00 in taxes.
=20
That sends $25,500,000,000 right back to Uncle Sam.=20
=20
But it means that every adult 18+ has $297,500.00 in their pocket.
=20
A husband and wife team has $595,000.00.=20
=20
What would you do with $297,500.00 to $595,000.00 in your family?
=20
Pay off your mortgage - housing crisis solved.
=20
Repay college loans - what a great boost to new grads
=20
Put away money for college - it'll be there
=20
Save in a bank - create money to loan to entrepreneurs.
=20
Buy a new car - create jobs
=20
Invest in the market - capital drives growth
=20
Pay for your parent's medical insurance - health care improves
=20
Enable Deadbeat Dads to come clean - or else=20
=20
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.=20
=20
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. =20
=20
If we're going to do an $85 billion bailout, let's bail out every adult =
U S Citizen 18+!=20

What about the Wallstreet loans..... liquidate them=20
=20
Sell off its parts.=20
=20
Let the private sector bargain hunters cut it up and clean it up. =20
=20
Sure it's a crazy idea that can will never happen...but the numbers are =
wild.
=20
But can you imagine the Coast-To-Coast Block Party!=20
=20
How do you spell Economic Boom?=20
=20
I trust my fellow adult Americans to know how to use the $85 Billion=20
=20

=20
And remember, This plan only really costs $59.5 Billion because $25.5
Billion is returned instantly in taxes to Uncle Sam.=20

[Alex05SSR]

Originally Posted by Paul Simpson

=20
If you are against the $85,000,000,000.00 bailout here is a plan that =
could work.
=20
Instead, I'm in favor of giving $85,000,000,000 to America in a We =
Deserve It Dividend. =20
=20
To make the math simple, let's assume there are 200,000,000 bonafide =
U.S. Citizens 18+. =20

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..=20
=20
So divide 200 million adults 18+ into $85 billon that equals =
$425,000.00.=20

My plan is to give $425,000 to every person 18+ as a We Deserve It =
Dividend.
=20
Of course, it would NOT be tax free.
=20
So let's assume a tax rate of 30%.=20
=20
Every individual 18+ has to pay $127,500.00 in taxes.
=20
That sends $25,500,000,000 right back to Uncle Sam.=20
=20
But it means that every adult 18+ has $297,500.00 in their pocket.
=20
A husband and wife team has $595,000.00.=20
=20
What would you do with $297,500.00 to $595,000.00 in your family?
=20
Pay off your mortgage - housing crisis solved.
=20
Repay college loans - what a great boost to new grads
=20
Put away money for college - it'll be there
=20
Save in a bank - create money to loan to entrepreneurs.
=20
Buy a new car - create jobs
=20
Invest in the market - capital drives growth
=20
Pay for your parent's medical insurance - health care improves
=20
Enable Deadbeat Dads to come clean - or else=20
=20
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.=20
=20
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. =20
=20
If we're going to do an $85 billion bailout, let's bail out every adult =
U S Citizen 18+!=20

What about the Wallstreet loans..... liquidate them=20
=20
Sell off its parts.=20
=20
Let the private sector bargain hunters cut it up and clean it up. =20
=20
Sure it's a crazy idea that can will never happen...but the numbers are =
wild.
=20
But can you imagine the Coast-To-Coast Block Party!=20
=20
How do you spell Economic Boom?=20
=20
I trust my fellow adult Americans to know how to use the $85 Billion=20
=20

=20
And remember, This plan only really costs $59.5 Billion because $25.5
Billion is returned instantly in taxes to Uncle Sam.=20

Paul,

Someone sent me this via email at work. Whoever wrote this messed up the math. First I'm not sure wher the $85 billion comes from, as I thought the proposed bailout was $700 billion. Anyway, I fell for the logic at first as well, until I checked the math.....then I was disappointed.

$85,000,000,000 ($85 billion) divided by 200,000,000 (200 million) = $425/person, not $425,000 as stated!

Even $700,000,000,000 ($700 billion) divided by 200,000,000 (200 million) = $3,500/per person.....still a far cry from $425,000/person.

Alex

[Paul Simpson]

I didn`t check the math and I`m quite certain that nobody in government would entertain such a proposal. I was just amused at the logic behind it. Not meant to be serious......P

[RUN ROD RUN]

Originally Posted by Alex05SSR

Paul,

Someone sent me this via email at work. Whoever wrote this messed up the math. First I'm not sure wher the $85 billion comes from, as I thought the proposed bailout was $700 billion. Anyway, I fell for the logic at first as well, until I checked the math.....then I was disappointed.

$85,000,000,000 ($85 billion) divided by 200,000,000 (200 million) = $425/person, not $425,000 as stated!

Even $700,000,000,000 ($700 billion) divided by 200,000,000 (200 million) = $3,500/per person.....still a far cry from $425,000/person.

Alex

I’ll bet whoever wrote that Alex is one of the financial advisers for one of the candidates.
I won’t say which one as I think we all know who that would be.

[Alex05SSR]

Originally Posted by Paul Simpson

I didn`t check the math and I`m quite certain that nobody in government would entertain such a proposal. I was just amused at the logic behind it. Not meant to be serious......P

Paul,

I agree with you....and when I first saw the $425,000 per person, I was more than amused at the logic.

Alex

[NauticalDave]

I HAD TO SHARE THIS WITH EVERYONE...don't be offended...read on!

We could all use a little financial advice during these difficult economic times!

Retirement Plan Investment Tip...

If you had purchased $1000.00 of Nortel stock one year ago, it would now be worth $49.00.

With Enron, you would have $16.50 left of the original$1000.

With WorldCom, you would have less than $5.00 left.

If you had purchased $1000.00 of Delta Air Lines stock you would have $49.00 left.

If you had purchased United Airlines, you would have nothing left.

But, if you had purchased $1000.00 worth of beer one year ago, drank all the beer, then turned in the cans for the aluminum recycling refund you would have $214.00. Based on the above, the best current investment advice is to drink heavily and recycle.

This is called the 401-Keg Plan.

[Jgrden]

Originally Posted by NauticalDave

I HAD TO SHARE THIS WITH EVERYONE...don't be offended...read on!

We could all use a little financial advice during these difficult economic times!

Retirement Plan Investment Tip...

If you had purchased $1000.00 of Nortel stock one year ago, it would now be worth $49.00.

With Enron, you would have $16.50 left of the original$1000.

With WorldCom, you would have less than $5.00 left.

If you had purchased $1000.00 of Delta Air Lines stock you would have $49.00 left.

If you had purchased United Airlines, you would have nothing left.

But, if you had purchased $1000.00 worth of beer one year ago, drank all the beer, then turned in the cans for the aluminum recycling refund you would have $214.00. Based on the above, the best current investment advice is to drink heavily and recycle.

This is called the 401-Keg Plan.

I think it is time to start planning for next year.

[corvetteulose]

And the American Taxpayer gets shafted again with this bailout. Why should we bailout the financial companies when they pull crap like this.

Congress wants to crack down on CEO mega-salaries for banks participating in the bailout. And while the politicians argue how best to do that, Alan Fishman of Washington Mutual is headed for the doors with $19 million in his pocket.

If that wasn't outrageous enough, consider this: Fishman started the job three weeks ago. I never saw the employment ad Fishman answered, but it must have read something like this:

WANTED: Top executive for train-wreck bank about to be seized by federal regulators. Must be able to look busy while FDIC sells business from under you. Previous experience with angry shareholders sitting on worthless stock a plus. Perks: $7.5 million hiring bonus and $11.6 million cash severance.