You do the math

[rcaradimos]

Is this even close to right?

Subject: The Birk Economic Recovery Plan
>
> 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 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 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. Ahhh...I feel so much better getting that off my chest.
>
> Kindest personal regards,
>
> 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!!
>
>

[N758BB]

If you actually do the math you will see it works out to $ 425.00. You can't believe everything you read on the internet.

[mossguy]

wrong forum

[masraum]

A buddy sent me that email the other day. Even if the math did work out to close to a half a million, do we really want to give that to every adult. Bill Gates doesn't need it, and I'm sure he's not the only one. Then there are the welfare people, folks that abuse the system and have us paying for all of their crap.

Then assume that they did it anyway. Most of these folks would be broke again in no time having spent their dough on crap and or blowing it.

Then, if everyone was a half a millionaire, the cost of everything would go up to ridiculous levels. The dollar would probably be worth half what it is now.

There are so many reasons not to do this sort of thing, even if it worked out that way.

[gprsh924]

I mean, the idiot who wrote this is only off by $424,575, so he was pretty close.

[TerryH]

Unemployment shoots to 50% and a glass of beer is $20. Yeah, the math is wrong too. It would make a good twilight zone episode.

[VincentVega]

Speak for yourself, I'll take the 400k

[Porsche-O-Phile]

I wouldn't turn down $400 at this point either. If you don't want yours because you think it's "not enough" or whatever, I'll be happy to take it off your hands.

$400 might not be a lot of money to some folks on this board, but it sure as hell is a lot of money to me.

[masraum]

I'd gladly accept $425, but I don't think it's going to fix the economy.

[71T Targa]

I'm willing to do the reverse. If we all 'chip in' an extra $425, we could be out of this mess. I mean really, how hard would it be to come up with $425 if it meant a strong financial future for our country?