The Birk Recovery Plan (OT)

[baltobernie]

The Birk Economic Recovery Plan


Hi Pals,

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 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+ 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!!

[mdrburchette]

Too bad the math doesn't work. I don't know what I'd spend my $425 on...maybe more Fiat parts?

[racydave]

Alot of us workin folks behave honorably, with inadaqute health care, with under-employment. Screw the fat-cat bastards! my 2 cents, Im done....

[TulsaSpider]

Here Here! I literally do everything possible to scrape by. I work 40 then have a PT Job. No Cable TV- No health insurance etc... Barely keep the internet on. I cannot tighten the belt any more than it already is!! I don't get tax returns or any stimulus packges etc.. Child support gets 55% of my pay. A few more years left... On the upside I don't have any investments to lose I suppose....

[pope]

Denise, you are so on top of this. $425 is the correct value. I was laughing at the figures as I was reading it.

I guess a high school education in not what it use to be and I pray that a college degree was not involved here.

[mdrburchette]

Thanks Pope. It only took me twenty minutes to write all the zeros down.

[Gunsmith]

So does this mean I am still going to have to work and pay my ex-wife all my money?

[So Cal Mark]

since we seem to be in the midst of class warfare now, my bet is the guys on the Ferrari forum are in favor of the bailout

[fiasco]

I'm guessing that anyone that's been paying insurance premiums to AIG would have positive feelings about the bailout as well.