Wednesday, September 24, 2008

The Birk Economic Recovery Plan...Work For Me!

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 billion 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 thereSave in a bank - create money to loan to entrepreneurs.Buy a new car - create jobsInvest 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 redistribute 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 BillionWe 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


Sydney Carton, Esq. said...

I question the math.
Is it not $425 per person?

Anonymous said...

I also came up with only $425.00 per person.

Tax guy said...

I did the math. his is right? What did I do wrong guys?

AL said...

Dear T. J. Birkenmeier;

your economic recovery plan sounds great except your algebra is a little off :)
i regret to inform you that $ 85 billion (AIG bailout) divided to 200 Million (us adult population based on your estimate) will give each person $425 and not $425,000

so each person will get only 425 us dollars.

i am wondering how many people got this e-mail and thought that your idea is great. but i am sorry to burst the bubble. :)

so after paying taxes on that, you will have $300 left, which is half of what the government gave already as a stimulus check.

Mr. roberts, math 101 said...

You're staying after school and doing that math 1000 times on the blackboard before you can go home.

tax guy said...

oooppss. I used the whole deal added together? Not just 85 bill

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