$700 Billion Bailout: Give Each Adult American $3.5 Million
$700 Billion would Make Every Adult American an Instant Multi-Millionaire
Almost $2 Million for Every Adult in USA
NO Health Care “Crisis”
NO Housing Crisis
NO Chance of it Happening
[After checking the math on this, it turns out that is would return only $3500 per American adult. Not nearly as much, but--what the heck?!? That's still $7000 per couple.]
Received in the email box:
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..
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 elseRemember 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…
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.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, this plan only really costs $59.5 Billion because $25.5 Billion is returned instantly in taxes to Uncle Sam.
As long as we’re handing out money, why not hand out some to the people who paid it?
Multiply these numbers by 8.235 for the cost of the proposed $700 billion bailout now.
That’s $3,500,000 for each American adult before taxes: approximately $2 million after taxes.
America: the land of millionaires–and just not on Wall Street.
As J.G. Wentworth says, “It’s your money. Use it when you need it.”
by Mondo
hat tip: Scott and Vickie
Bad math. It is 425 a head.
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frankie t Reply:
December 25th, 2008 at 23:41
i love my country, but we need to do something now, the past generations enjoyed the best of this country and we have to pay for thier mistakes, and my kids face even worst situations i say give us the fuckn bailout now.
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Are you British? or at east European?
I ask, because your numbers don’t add up, unless maybe you take the British view that a billion is a million millions.
In North America, a billion is a thousand millions.
700,000,000,000 or 700 billion (700 thousand million)
divided by 200,000,000 (200 million)
yields
= $3,500 per adult.
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[...] seems lots of other people are receiving this email, or some variation of it. Filed Under: Quick [...]
So Forget the math, his idea is appealing. I love the idea, give it back. Let us spend it and the economy will be helped. So they thought $600 per person was an economic stimulas package, what would this do to stimulate the economy. So let everyone be requied to buy a house with it, that would solve the crisis. Nice thought but it won’t work. The money is not really available, it is a mortgage on our future, so we will pay more taxes. Get it?
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frankie t Reply:
December 25th, 2008 at 23:43
im with you bro give us the dam money now, we will spend it on what we need to survive thus promote a good economy,
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Why are seemingly intelligent peope retarded when in comes to grammar school mathematics.
After checking the math this author comes up with 3500.00 a head.
I did it with a pencil and came up with 425.00 each. It was very easy.
Then I used a calculator which was a little more difficult because I had to put a new battery in it.
I also came up with 425 dollars a piece.
No wonder this country is in trouble.
OMG
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Math whiz, et. al.,
From the first line in this post
[After checking the math on this, it turns out that is would return only $3500 per American adult. Not nearly as much, but--what the heck?!? That's still $7000 per couple.]
We’re referring to the $700 billion bailout total–not the $85 billion for AIG.
Guess some who maxed their SATs in Math failed the reading comprehension section.
At any rate, thanks for all who took the time to stop by, read, comment and check the math anyway!
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Besides, if you look at it on a per-mortgage basis, I’m guessing the number of reipients would be closer to 100 million, not 200 million. Therefore, the 700 billion could give every mortgagee about 7 grand to catch up, pay down, glide for a few months, whatever….
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i messed up on the math like a retard too..im an idiot!!!
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W T F First it’s 3.5 Mil, then 2 Mil, then $3,500.00 Do the math? How bout communications, report writing
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Whomever thought they were so clever with math is an idiot. Before you start giving advice learn your math basics first…
When Bush gave the american tax payers 1800 for a family of 5 the Dems all bitched and complained about that too.
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I still think it should be given to the taxpayers, and not just those of us with mortgages.
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Ok…Here is the deal….No matter how much we complain our Government has us all by the crotch! They make the laws and they break them. If we are to get ahead in this once great land..we the people need to step up to the plate and not allow our Government to squeeze more money out of us. Move closer to work and ride a bike. Stop eating out. Stop using the televison as your main source of entertainment. Instead take your children to the park..play games learn something about yourself. Plant a garden. Go back to the days of the Walton’s and find that a simple life without using much Government assistance is a better life for all.
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How about this! Every citizen within the U.S. takes; let’s say $400.00, cash out of the bank on Friday. Then Saturday and Sunday, do not use any electric, natural gas, do not drive, and only shop with small local vendors within their community. Only use cash. Then, let’s see what the numbers look like on Monday.
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No matter the math debate, the money is on the taxpayer’s back whether given to a business or to the taxpayer themselves, . . its not like the government is giving away their hidden stash of gold or sold a monument to create a new and nontaxpayer funded source. Given a choice (choice = vote) of what entity should receive an economic bailout package, a failing business sector (due to its greed, mismanagement, and economic hard times) or the adult citizen taxpayer(s) who could spend the resources where they see fit (for good or bad still spent or invested or saved), I’d vote for the taxpayer. Even if those businesses fail and workers lose their jobs, if the bailout was big enough, they’d weather the job lost as the taxpayer boon creates new job opportunities. Business isn’t guaranteed a survival line, it’s business, but people shouldn’t pay for their greed and failure, not just greed or failure. Will an economic bailout of these and other businesses truly guarantee that they will continue to stay in business in the short term, in the long term, and what of the taxpayer themselves, will they have a job to fund them as hard economic times means fewer with jobs and more on government assistance. Where’s the money then?
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