Economic Bailout - Scroll Saw Woodworking & Crafts Message Board

Sue Chrestensen · 10-01-2008, 03:28 PM

I just got this in the mail and thought I'd pass it along..

NOW, HERE’S A SOLUTION!!

I'm against the $85 BILLION 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 bona fide U.S. citizens, aged 18+.

Our population is about 301 million counting every man, woman and child. So,
200,000,000 might be a fair stab at adults 18 and up. Now, divide 200 million,
18+ adults into $85 billion - that equals $425,000.00 each! Yes, my plan is to
give that $425,000 to every adult a s a "We Deserve It" dividend.

Of course, it would NOT be tax free. So, let's assume a tax rate of 30%.
Everyone would pay $127,500.00 in taxes. That sends $25.5 billion right back to
Uncle Sam! It also means that every adult 18+ has $297,500.00 in their pocket.
A husband and wife would have $595,000.00!
What would you do with $297,500.00 to $595,000.00?

* Pay off your mortgage – housing crisis solved.
* Repay college loans – what a great boost to new grads.
* Put away money for college – it'll really 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 parents to come clean – or else.

Remember this is for every adult U.S. citizen, 18 and older (including the folks
who lost their jobs at Lehmann Brothers and every other company that i s 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 $1,000.00 "economic incentive".

If we're going to do an $85 billion bailout, let's bail out every adult U.S.
citizen!

As for AIG – li quidate 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 the money and AIG doesn't. Sure it's a crazy idea, but can you
imagine the coast-to-coast block party?!

How do you spell Economic Boom? W-e D-e-s-e-r-v-e I-t d-i-v-i-d-e-n-d! I
trust my fellow adult Americans to know how to use the $85 Billion "We Deserve
It" dividend more than do the 'geniuses' at AIG or in Washington , D.C. .

And remember, my plan only really costs $59.5 billion because $25.5 billion is
returned instantly in taxes to Uncle Sam. Good idea? I think so.

Gill · 10-01-2008, 03:39 PM

Naughty Sue! Stop making such sensible suggestions

Ooooh, you'll be getting me going on Rothschilds Bank and Goldman Sachs - notice how there's no mention of them suffering in the Credit Crunch.

Gill

f250 · 10-01-2008, 03:42 PM

Oh no, this looks to be a thread that Bob will chop soon.

How about they just give us all free tools and wood for a while

Tom

newscroller · 10-01-2008, 03:45 PM

Sue,
Good Idea, Why not forward it on to Washington. Or make it part of tomorrows VP debate. Fat Chance.
Hank

greatdane2 · 10-01-2008, 04:03 PM

What! you don't think giving all that loot to the idiots that caused so much harm is a good idea.
I just wonder how many years it will be before the same crooks will be back for more of this easy money.
But I think your math is wrong, I get a some of $425. each. You would need 85 trillion to get your #s.
Alan.

Alan.

NMScroller · 10-01-2008, 04:03 PM

Is it a normal reaction to wonder how the failing economy will effect the baltic birch supply & demand?

Brian

Sue Chrestensen · 10-01-2008, 06:12 PM

LOL re: my math..I didn't come up with this..someone sent it to me

I simply liked the idea of it and the fantasies of what I could do with that amount of money..oh well..I'll go back to shaking my head in total befuddlement at the state of the Union/World and continue believing that it will work out in the long run

greatdane2 · 10-01-2008, 06:21 PM

The first Billion they spend should be on a new jail, once it is full they can start helping the companies with their new management in place.

Alan.

Mike Crosa · 10-02-2008, 12:11 AM

Sue when you do the math, it comes out a few decimals off. Great concept though.

workin for wood · 10-02-2008, 10:56 AM

Yep, too bad those numbers seem off. We'd have to fire up the presses anyhow, so how about we give them monopoly money?

10-01-2008, 03:28 PM	#1
Sue Chrestensen Moderator Join Date: Jan 2005 Location: Grass Valley, Calif Posts: 278	Economic Bailout I just got this in the mail and thought I'd pass it along.. NOW, HERE’S A SOLUTION!! I'm against the $85 BILLION 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 bona fide U.S. citizens, aged 18+. Our population is about 301 million counting every man, woman and child. So, 200,000,000 might be a fair stab at adults 18 and up. Now, divide 200 million, 18+ adults into $85 billion - that equals $425,000.00 each! Yes, my plan is to give that $425,000 to every adult a s a "We Deserve It" dividend. Of course, it would NOT be tax free. So, let's assume a tax rate of 30%. Everyone would pay $127,500.00 in taxes. That sends $25.5 billion right back to Uncle Sam! It also means that every adult 18+ has $297,500.00 in their pocket. A husband and wife would have $595,000.00! What would you do with $297,500.00 to $595,000.00? * Pay off your mortgage – housing crisis solved. * Repay college loans – what a great boost to new grads. * Put away money for college – it'll really 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 parents to come clean – or else. Remember this is for every adult U.S. citizen, 18 and older (including the folks who lost their jobs at Lehmann Brothers and every other company that i s 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 $1,000.00 "economic incentive". If we're going to do an $85 billion bailout, let's bail out every adult U.S. citizen! As for AIG – li quidate 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 the money and AIG doesn't. Sure it's a crazy idea, but can you imagine the coast-to-coast block party?! How do you spell Economic Boom? W-e D-e-s-e-r-v-e I-t d-i-v-i-d-e-n-d! I trust my fellow adult Americans to know how to use the $85 Billion "We Deserve It" dividend more than do the 'geniuses' at AIG or in Washington , D.C. . And remember, my plan only really costs $59.5 billion because $25.5 billion is returned instantly in taxes to Uncle Sam. Good idea? I think so. __________________ Sue Chrestensen

10-01-2008, 03:39 PM	#2
Gill Fallen Angel Join Date: Mar 2005 Posts: 2,605	Naughty Sue! Stop making such sensible suggestions Ooooh, you'll be getting me going on Rothschilds Bank and Goldman Sachs - notice how there's no mention of them suffering in the Credit Crunch. Gill __________________ There is no opinion, however absurd, which men will not readily embrace as soon as they can be brought to the conviction that it is readily adopted. (Schopenhauer, Die Kunst Recht zu Behalten)

10-01-2008, 03:42 PM	#3
f250 Senior Member Join Date: Sep 2006 Location: Albuquerque Posts: 1,791	Oh no, this looks to be a thread that Bob will chop soon. How about they just give us all free tools and wood for a while Tom __________________ Hawk G4 http://www.scrollsawer.com/gallery/s...00/ppuser/4243

10-01-2008, 03:45 PM	#4
newscroller Senior Member Join Date: Mar 2008 Location: Mountain City, Georgia USA Posts: 188	Sue, Good Idea, Why not forward it on to Washington. Or make it part of tomorrows VP debate. Fat Chance. Hank __________________ Hank, in Georgia - Dewalt 788 Scroller.

10-01-2008, 04:03 PM	#6
NMScroller Senior Member Join Date: May 2007 Location: Columbia, SC Posts: 321	Is it a normal reaction to wonder how the failing economy will effect the baltic birch supply & demand? Brian __________________ ---Support bacteria - they're the only culture some people have.

10-01-2008, 04:03 PM	#5
greatdane2 Senior Member Join Date: May 2008 Location: Vancouver Island, BC. Canada Posts: 2,298	What! you don't think giving all that loot to the idiots that caused so much harm is a good idea. I just wonder how many years it will be before the same crooks will be back for more of this easy money. But I think your math is wrong, I get a some of $425. each. You would need 85 trillion to get your #s. Alan. Alan.

10-01-2008, 06:12 PM	#7
Sue Chrestensen Moderator Join Date: Jan 2005 Location: Grass Valley, Calif Posts: 278	LOL re: my math..I didn't come up with this..someone sent it to me I simply liked the idea of it and the fantasies of what I could do with that amount of money..oh well..I'll go back to shaking my head in total befuddlement at the state of the Union/World and continue believing that it will work out in the long run __________________ Sue Chrestensen

10-01-2008, 06:21 PM	#8
greatdane2 Senior Member Join Date: May 2008 Location: Vancouver Island, BC. Canada Posts: 2,298	The first Billion they spend should be on a new jail, once it is full they can start helping the companies with their new management in place. Alan.

10-02-2008, 12:11 AM	#9
Mike Crosa Land Locked Join Date: Jan 2005 Location: Ocala, FL Posts: 1,717	Sue when you do the math, it comes out a few decimals off. Great concept though. __________________ Mike C. Hawk G4

10-02-2008, 10:56 AM	#10
workin for wood Master Scroller Join Date: Aug 2006 Location: Eaton Rapids Michigan Posts: 2,447	Yep, too bad those numbers seem off. We'd have to fire up the presses anyhow, so how about we give them monopoly money? __________________ Jeff Powell

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