Home

American Dividend, Not Bailout Money

By gordontaylor - Posted on September 30th, 2008
Tagged:

Instead of bailing out AIG to the tune of $85B, take a look at this plan and it shows you what can be done to stimulate the economy. This is a brilliant idea, but because it makes sense, it'll never get traction...Unless we yell really loudly about it.

Let's take that $85,000,000,000.00 and spread it around. Take a look at this formula, it's noteworthy and it really makes sense.

First some simple math:

Let us assume there are 200,000,000 bon-a-fide U.S. Citizens 18+. That number is probably high.

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 per adult.

Give $425,000 to every person 18+ as an American 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 the Tresuary.

But it means that every adult 18+ has $297,500.00 in their pocket. A husband and wife has $850,000.00 and their tax share would be less then $255,000.00 that would be double the single tax rate, but still a significant number.

What would you do with six figures in your family budget?

*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 re-distribute wealth let's really do it...instead of trickling out a puny $1,000.00 ( "vote buy" ) economic incentive that isbeing 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.

We deserve it and AIG doesn't.

login or register to post comments

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Math error
Submitted by rick111 on Tue, 2008-09-30 20:20.

Check your math. You're off by 1,000. It is actually $425 per person.

login or register to post comments
Brian Simpson's picture
I'm going to concur with the math error
Submitted by Brian Simpson on Wed, 2008-10-01 07:48.

I also come up with $425. That hardly seems worth it.

I think I can say, and say with pride, that we have legislatures that bring higher prices than any in the world. ~ Mark Twain

login or register to post comments
David Hinz's picture
I have figured out how to solve the bailout problem
Submitted by David Hinz on Wed, 2008-10-01 14:59.

and make Wall Street not only solvent, but profitable again. Read this email below. I receive on an average, one to three of these a day. All we need to do is answer ALL of them and we will be in the black as a nation within a couple of months.

Quote:

OVERSEA INVESTMENT MANAGER

Hello,

I am Mr HASANE KABBAH sourcing for services of an Oversea Investment Manager (OIM) to manage the sum of US$11 Million, this amount represent an over invoiced amount of money from a contract that was awarded to an American Oil exploration company by Gabon National Petroleum in 2005, one year later in 2006,the American company completed the contract and was fully paid by direct Wire transfer for the execution of the contract, leaving the over invoiced sum safely deposited in
a special security account managed and monitored by the top officers of the corporation that I represent, this top officer are in charge of the day to day running of accounts and finance section including the auditing department of the corporation and have perfected all documents to back up the payment as to avoid any trace whatsoever, which makes the transaction 100% risk free.

My request is your assistance in receiving this money using a secured account that is able to take this money and thereafter you invest it for a period of 2 years on their behalf. You would be entitled to 25% of the total fund in question, while 5% will be set aside for any sundry expenses incurred by both parties in the course of this transaction. I have noted your honesty and ability to protect the highly exalted positions of the officers here in discuss. On your acceptance to assist, we will first draft an MOU to be signed by both you and the group in a meeting that will be arranged at your instance before the processing of the payment, which will pass through the relevant authorities for purpose of authentication before a transfer to the
account you will provide for this purpose.

As an administrative officer I was mandated to seek your indulgence on this matter, if this is acceptable to you, contact me strictly by email stating your private phone number Please DO NOT bother to respond if you are not interested.

Yours Sincerely,

Mr Hasane Kabbah

login or register to post comments