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 $425,000 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 have $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 Bil lion '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. Talk about a stimulus package!

And best of all, it would benefit everyone equally, not more to the ultra-rich.

i love the idea of a huge tax rebate - very republican of you Mr. Bush.

Well... at least you're not yelling Erin...

. . .but they're going under anyway

...and a sh*tload of coke and pills

I've been forwarded *that* as an email 3-times already since you posted it here. Looks like it's gonna hit everybody's inbox. :)

It would be a great experiment to see how it would, if at all, transform society.

The concept is great thos and banks would be just fine.

While they aren't making money on interest payments, they now have ho holdings either, so the 300,000 they have from each house that is paid off is pure liquid cash, which can be invested into other ventures, mortgages, business loans, etc.

If you have banks that have 10 mil in their vaults, there is no need for them to turn a profit, as their profit is already in the vault. And on top of that, they can invest that $$ into bonds or other markets (which starts the risk/reward game again).

Down the road tho, we'd pay for it with having more taxes, plus lower wages. The other issue is that those figures don't take into account any of the banking loans and dealings with businesses.