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You've gotta see this...AIG Bailout

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gmack24
Posts: 4636 - Karma: 31
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 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. 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 Davis 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.C.Davis, 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!!
Sep 24 2008 2:17PM
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Arabian.
Posts: 9632 - Karma: 55
How about the intense devaluation of the dollar that would occur if everyone got that much money?
Sep 24 2008 2:27PM
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Heath.
Posts: 838 - Karma: 149
Damn, gettin 300gs would kick ass.
Sep 24 2008 2:28PM
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Flowsion
Posts: 1461 - Karma: 11
that would be a nice feeling, having that much money...
Sep 24 2008 2:33PM
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morocco_mole
Posts: 635 - Karma: 17
85 billion divided by 200 million equals 425 bucks

you crazy bastard


Sep 24 2008 2:34PM
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Jacuse
Posts: 1792 - Karma: 1,549
hahahaha
plan ruined

Sep 24 2008 2:36PM
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morocco_mole
Posts: 635 - Karma: 17
you would need more money than there is in the world to pay 200 million people 425000 dollars


Sep 24 2008 2:36PM
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Campeador
Posts: 7516 - Karma: -1,227
I could use $425 hahahaha
Sep 24 2008 2:51PM
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gmack24
Posts: 4636 - Karma: 31
you're right, didn't do the math and  i didn't write that. Some fool is chain mailing that shit around
Sep 24 2008 2:54PM
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skiminnesota
Posts: 9093 - Karma: 429
Click for larger image

Click for larger image

Click for larger image


Sep 24 2008 2:54PM
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Sno.
Posts: 12155 - Karma: 6,152
wait, isn't it 4250.00?

if not i fail and im an idiot
Sep 24 2008 3:02PM
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Heath.
Posts: 838 - Karma: 149
(425)(20,000,0000)=85,000,000,000.
Sep 24 2008 3:04PM
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Jacuse
Posts: 1792 - Karma: 1,549
no its 425.00
Sep 24 2008 3:05PM
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Sno.
Posts: 12155 - Karma: 6,152
your comas are messed up, but yeah i was doing it by 2million, not 200 million.
Sep 24 2008 3:06PM
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krow
Posts: 107 - Karma: 11
no it isnt
Sep 24 2008 3:08PM
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Sno.
Posts: 12155 - Karma: 6,152
yeah, i got it.
Sep 24 2008 3:12PM
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Heath.
Posts: 838 - Karma: 149
Whoops, extra 0 on that 200 mil.
Sep 24 2008 3:16PM
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RudyGarmisch
Posts: 25443 - Karma: 13,844
Based on the math skills shown here, I dont think our country deserves it.
Sep 24 2008 3:18PM
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Sno.
Posts: 12155 - Karma: 6,152
bahahaha
Sep 24 2008 3:25PM
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TechnoPotamus
Posts: 11626 - Karma: 3,522
haha i'd still take $425, i could use it
Sep 24 2008 3:32PM
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Sno.
Posts: 12155 - Karma: 6,152
haha, word. although that 1000.00 incentive isn't looking so bad
Sep 24 2008 3:33PM
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Dustin.
Posts: 13839 - Karma: 7,704
HAHAHAHAHAHAHHAHAHA!!!!!  I can't believe you posted that.
Sep 24 2008 3:39PM
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Ryno
Posts: 31125 - Karma: 336
*cough*
Sep 24 2008 3:42PM
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RudyGarmisch
Posts: 25443 - Karma: 13,844
I'm furious at the oversight of two groups right now.

1) AIG and all these companies for fucking up this badly and NOT be punished for it (and no, firing the CEO is not fixing the problem).

2) The American people to be so stupid and gullible to believe that all this debt they incurred would never be of consequence. We're, if anything, more to blame.
Sep 24 2008 3:44PM
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Ryno
Posts: 31125 - Karma: 336
Sep 24 2008 3:55PM
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Thomson.
Posts: 4634 - Karma: 227
If the math wasn't messed up, and everyone really did get $425,000.00 or whatever the value was, things would never work. People would quit they're jobs, because they wouldn't need to work, and if people quit their jobs (everyone would), everything would be in chaos. It would never work. But that's just assuming that was correct (which it isn't anyways).
Sep 24 2008 4:06PM
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nickrdwd
Posts: 250 - Karma: 10
^ i kinda disagree, i think alot of people would quit
Sep 24 2008 4:19PM
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nickrdwd
Posts: 250 - Karma: 10
^ didnt mean to post that, what i was saying is i disagree, i dont think everyone would quit just  the people that were already a few years away from retirement. Those people would but im not sure it'd be enough people to make that big of an impact on our economy.                  
Sep 24 2008 4:22PM
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Sno.
Posts: 12155 - Karma: 6,152
we'd all move one notch up the corporate ladder.

Sep 24 2008 4:25PM
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freezed
Posts: 12973 - Karma: 500
hahah
Sep 24 2008 4:31PM
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Bob_Gnarley
Posts: 1583 - Karma: 0
hahahaha     gmack=own3d!!!!!!!!!!! 
Sep 24 2008 4:32PM
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Scolson
Posts: 2904 - Karma: 92

what's wrong with our government making scrillla?

Sep 24 2008 4:33PM
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J.D.
Posts: 21362 - Karma: 5,142
Not to get TOO political here, but Obama proposed pretty much exactly this in his press conference yesterday: since they American People are effectively buying these companies, they should be treated like investors.
Sep 24 2008 4:42PM
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Billek
Posts: 5665 - Karma: 98
They find shitty ways to spend it.
Sep 24 2008 4:51PM
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funk.
Posts: 2679 - Karma: 33
haha google "85000000000/200000000"

it's all over the place.
Sep 24 2008 5:01PM
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blindside
Posts: 5619 - Karma: 1,199
United-States is fuckin' up!
Sep 24 2008 5:17PM
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Scolson
Posts: 2904 - Karma: 92
It's better than some bigwig CEO who won't give anything back to the public.
Sep 24 2008 5:25PM
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bermbuster49
Posts: 7445 - Karma: 90
hahaha i know right
Sep 24 2008 5:27PM
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Pee_and_Ski
Posts: 1869 - Karma: 57
my friend you are 100% right
Sep 24 2008 5:31PM
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b-kul
Posts: 4350 - Karma: 1,111
i hope you guys are better at skiing than math.
Sep 24 2008 5:33PM
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morocco_mole
Posts: 635 - Karma: 17
yeah accept youd need 85 trillion dollars 85,000,000,000,000 bucks son

to earn 85 trillion dollars you gotta earn like 1000 bucks a second for about 700 years
Sep 24 2008 6:09PM
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babujib
Posts: 5039 - Karma: 104
hahahah i find it hilarious that the chain mailer did all this typing, and he did the math wrong thats straight up the biggest fail ever period
Sep 24 2008 6:16PM
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skihillraod
Posts: 1852 - Karma: 45
the SPIC insurance or whatever (similair to FDIC for banks but for investments instead) will not allow any crazy disbursement of funds like that.

People were insured on those investments and annuties to 100k and in some cases beyond.  Those people need to be paid in full.

I do agree that there should be no "golden parachute" for the CEO, CFO or president of AIG.  The customers that gave them the cash should get it back.  If you never invested in AIG then you deserve nothing. 

The bank crisis is another story, I agree with you there, let them go under and pay us instead, they are the ones who lent when they shouldn't have due to wall street demand to trade these loans like stock/commodities.

Sep 24 2008 6:21PM
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Silence
Posts: 16030 - Karma: 150
AIG has many many foreign interests which wouldn't benefit

That would be fairly inflationary for the US economy anyway, just another short term bandage
Sep 24 2008 6:50PM
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Flo_Rida_2016
Posts: 2804 - Karma: -5
REPOST.

If youre looking for a more sophisticated version of this thread:
https://newschoolers.com/web/forums/readthread/thread_id/383923/

Also, does anyone in this thread know what they are talking about?
Sep 24 2008 6:53PM
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notomatoplz
Posts: 1377 - Karma: 29
the embarrasement in this thread is overwhelming
Sep 24 2008 7:03PM
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cmeriptahoe
Posts: 1785 - Karma: 12
Since you have no idea what you are talking about can you stop putting terrible ideas in the minds of young impressionable pre-teens and teens?

And it's not just one company silly goose.

And it's not stealing because they aren't eliminating any programs to offset this... they are just doing.

That's the great thing about the mindset of our government, they just spend spend sped. (Sarcasm)

For once I would like to agree with jumister and have everyone go read the slightly more intelligent thread of his creation.
Sep 24 2008 7:11PM
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dilla_says_go
Posts: 5333 - Karma: 168
yeah lets just give everybody a shit ton of cash so they can spend it on stupid useless shit. putting cash into peoples pockets doesnt do jack shit. giving people cash is just a way to ultimately boost profits of companies like walmart.
Sep 24 2008 7:41PM
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