Sep
27

Bailout - If Only This Could Happen Instead!

Filed Under Real Estate Investing, foreclosure 

I’m against the $85,000,000,000.00 bailout of AIG.  In fact I am against ANY bailout at all but will admit that if you can’t beat them join ‘em and I will as a real estate investor find ways to profit from what I’m calling the “GREAT Socialistic Bailout.”

So to bring a point home let me share an alternative bailout program that makes more sense.


Original Author Unknown:

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 “We Deserve It Dividend” plan only really costs $59.5 Billion because $25.5 Billion is returned instantly in taxes to Uncle Sam.

Now Go Buy A House,

Gerald Romine

Note: I did not write the above article and the math error has been left intact.

Comments

3 Responses to “Bailout - If Only This Could Happen Instead!”

  1. Arthur on September 27th, 2008 2:26 pm

    Can we get an “AMEN” !

    Of course the “We DID” would work… plus the “churn” of all that money in the US economy would fix everything that is currently “wrong” with the economy (even if many citizens just put it in the bank).

    But they (the professional politicians & bureaucrats) would never allow the “We DID” because it would hand the country back to Joe American, and we wouldn’t need “them” anymore.

    We could get rid of most of the “social” programs with the “We DID” program, since they’d not be needed anymore. Those that actually do need help could get it from local churches, who could do a much better job with less money. Not that they’d have less money, since donations to good causes would increase.

    Oh, and taxes would go down.

    People could also afford their own health care and not have to rely on the bloated bureaucratic nightmare that we have now. Then decisions on a persons health care would return to where it should be: between that person (and their family) and their personal doctor. And it would be affordable for everyone. Plus care would improve. And medical research would increase, since there would be more money available to fund it.

    While we’re at it, lets drop the pay that Congressmen (and women) and Senators get and return teh Legislature to how the founding fathers designed it. Joe American, Farmer Brown and Mike the mechanic would decide it was time to go to Washington to do there CIVIC DUTY for their country, for a term or two, and then return home. Pay should be just enough to make it not a hardship for them while they aren’t working, but not so much that they want to stay.

    And who knows… maybe even Dad (and Mom) would actually stay around and take care of their children.

    “You may say that I’m a Dreamer
    But I’m not the Only One.”

  2. Gerald Romine on September 27th, 2008 2:52 pm

    There is still one major flaw with any bailout program…

    Who is going to pay for it?

    The answer is of course the taxpayer but deeper than that the burden would be shifted to the wealthy of America.

    This is wrong because any redistribution of the wealth is socialistic by nature plus anytime you rob Peter to pay Paul you are stealing.

    And ultimately one must recognize that any bailout plan is paid for by somebody against their will. While the idea of giving 250K(the real amount is $250.00) to every citizen has a sexy ring to it the money would still have to be created out of thin air, printed by the Federal Reserve at a cost to America, increase the national debt, and devalue the currency.

    Which is why I’m personally against any bailout plan no matter how it is dressed up.

  3. tlemoigne on September 27th, 2008 3:51 pm

    The biggest problem with “Bailout - If Only This Could Happen Instead!” is that the plan is flawed. $85 billion divided among 200 million = $425, not $425,000. Now you can see why politicians can get away with their lies. Folks tend to believe without verifying, and the political crooks know it.

    This is indicative of the dumbing down of our society by the liberals who have put themselves in charge of “educating” our young citizens. They have thrown out God and facts and substituted immorality and theory.

    Having received my fundamental education in the 40’s and 50’s, I am absolutely appalled by the lack of common sense demonstrated by the generations that follow mine. Where is the work ethic? Where is the shame? Where are the morals? Where are accountability and responsibility?

    Why should I have to give my hard earned money to the bums that have not done anything with their lives except drink, chase the opposite sex for a good time, and watch other people play sports when they should be getting the exercise themselves?

    Why should I be expected to pay for the health care of the fat, lazy, smoking, drug-infested, slovenly, sexually perverted crowd that makes up a large percentage of the population, not to mention the illegal’s who have overrun this country to satisfy the greediness of the unethical businessmen and politicians elected by the uneducated mass of our society. I could go on and on, but what’s the use.

    It’s no wonder that the USA is in such a sorry state. It’s quite difficult to learn anything while you are texting, playing electronic games, chasing the opposite sex for nothing but a good time, and refusing to read anything worthwhile.

    The slackers, political con men, religious perverts, and mindless servants of this whole system of things deserve what they are getting. You will reap what your sow!

    Again, $85,000,000,000 / 200,000,000 = $425.

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