FW: The Birk Economic Recovery Plan

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inthebarnagain

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I got this in an email and thought I would share.  This sure would solve my problems!

Subject: FW: The Birk Economic Recovery Plan

Replace the $700 billion bail out with:

                Instead, I'm in favor of giving $85 billion 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 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 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 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 Billion We Deserve It Dividendmore 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!!
 

Dusty

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Feb 13, 2008
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Sounds great but 200 million into 85 billion is $425!!!! Not $425,000.  Minor accounting glitch there...
 

knabe

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Hollister, CA
drop the corporate tax rate to 15% effective monday.

it would be an instantaneous stimulus package and wouldn't have the inefficiency of collecting money and redistributing it and all the fraud, bribery, lobbying, inefficiency.
 

fluffer

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Or we could repo all the homes that  the people should have never bought in the first place and have defaulted on their loans, kick them out and resell the homes.  I am assuming ofcourse that the homes are not totally destroyed and they are sellable.  And you would have to do it a bit at a time as to not flood the market. 

Fluffer
 

knabe

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Feb 7, 2007
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if the market was flooded, you would have affordable housing.  isn't that what we are after?  this would be great for american competitiveness versus the world as this is one of the biggest reasons we are not as competitive as we could be, along with health insurance costs.  it would instantly free up income so people could pay more for their health care versus housing.  this readjustment could solve soooooooooo many problems at once if they would just let losers lose.
 

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