NEW ECONOMIC PLAN

I received this from a friend who has been working in the finance industry, quite successfully, for more than 40 years and has owned his own lending institution.

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. 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 or two partners has $595,000.00.What would you do with $297,500.00, or $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 parents' 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.

Remember: *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 do the geniuses at AIG or in Washington DC.

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