Friday, September 26, 2008

The Bailout (simplified)


Anonymous said...

Got this in email. It must make too much sense. Edder
Hi Pals,

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 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 $425,0 00 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

A husband and wife has $595,000.00

What would you do with $297,500.00to $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

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 Family 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,

A Creative Guy & Citizen of the Republic.

PS: Feel free to pass this along to your pals as it's
good for a laugh

Chez said...

lol ~ that thing is all over the internet the last couple of days ~ i've had about 10-12 people email it to me. the math is way off, and i do mean WAY OFF ... somebody needs to buy a calculator. (g)

Tracie Thompson said...

Great cartoon, Chez.

I have to stop looking at your blog right now, though, because it is after midnight and YOU ARE MAKING ME HUNGRY.

*ambles downstairs to kitchen*

Chez said...

hi mare ~ hope things are going well for you, up there on the tundra.