The Travesty Of the Trillion Dollar Bailout

I’m against the $85 Billion bailout of AIG, as well as the $700 Billion for the rest of the selfish crooks! Instead, I’m in favor of giving the $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.  I figure there’s about 200,000,000 adults 18 and older. Dividing 200 million adults 18+ into $85 billon that equals $425,000.00.

Here’s my plan.  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+ would pay $127,500.00 in taxes (which returns $25,500,000,000 right back to Uncle Sam!). But it also means that every adult 18+ has $297,500.00 in their pocket.  Think about it:

A husband and wife has $595,000.   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 graduates.  Put away money for college?  Why not?  Open a saving account at a bank and help create loan money for mortgages and  entrepreneurs.  Buy a new car (create jobs); invest in the market (capital drives growth); pay for your parent’s medical insurance; there’s lots and lots of things an extra $297,500 might improve, don’t you think?

If we’re going to re-distribute wealth, let’s really do it, instead of trickling out a puny $1000 ( “buy your vote” ) economic incentive 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 this money; AIG doesn’t. You may think this is a crazy idea that’ll never work.  But just imagine the “We Deserve It” Coast-To-Coast Block Parties! Can you say,  “Economic Boom?”

I trust my fellow adult Americans to use their portion of the $85 Billion (remember, my plan actually costs $59.5 Billion because $25.5 Billion is returned in taxes to Uncle Sam) to boost the economy much more than Congress or the Executive Branch ever could!  Who’s with me?