STOP • STOP • STOP • STOP • STOP • STOP
Please everyone- Stop sending me this e-mail ! I have received literally 30 e-mails in the past 24 hours touting this bogus, tongue-in-cheek piece as the perfect solution to our financial woes. It is a hoax. (Read the last line- unless the person sending it has deleted it to fool your sorry ass.) Regular readers of my blog know better than to forward this on without vetting it on snopes.com first. (You can argue with snopes' numbers, if you like).
I repeat:
It is a hoax. Click here for the real skinny
You will probably get the following e-mail from your friends a hundred times before it dies the death it deserves.
The reason I am posting this at all, is because, most people forwarding it to me do not get the joke and think it is the real deal.
The Birk Economic Recovery Plan • An outstanding plan!
Hi Pals,
I'm against the $85,000,000,000.00 bailout plan.
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
bonafide 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%.
(click below to continue reading)
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.
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!!
Comments
Umm $85 billion divided by 200 million is $425! (I knew those 8 semesters of calculus and differential equations would pay off some day)
Posted by: Bob | September 27, 2008 5:50 AM