The Birk Economic Recovery Plan
One should be against the $85,000,000, 000.00 bailout of AIG. Instead, one should be 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+. The U.S. 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 billion that equals $425,000.00.
The 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 the U.S. Armed Forces.
If the U.S. is going to re-distribute wealth they really need to do it properly (Smile….) …instead of trickling out a puny $1000.00 ( “vote buy” ) economic incentive that is being proposed by one of their candidates for President.
If the U.S. is going to do an $85 billion bailout, they should bail out every adult U S Citizen 18+!
As for AIG – liquidate it. Sell off its parts and 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 (Like they did at BBPN the Indonesian Banking restructuring Agency). Here’s the rationale. The American peolpe serve 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? Be assured that Adult Americans know how to use the $85 Billion. They Deserve the Dividend more than 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 .
Isnt it good to getting that off our chest.