One little problem with the "Birk Plan" - it was written by one!!!

$85bn divided by 200m people = $425 (less tax!!). Not gonna pay off an awful 
lot of mortgages!!

This guy should get a job on Wall Street - but, then again, he probably has!!

Cheers

Deri


On Thursday 25 September 2008 03:08:40 Joy Liebeskind wrote:
> OK here is a solution being bounced around- Joy
>
> This is the way to engineer the bailout
>
>
>
> I LOVE THIS PROPOSAL !!
>
>
> 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 adults in the U.S.
>
> 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 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 n ew 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.
>
> 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.
>
>
> Joy Liebeskind,Coordinator

-----------------------

To change your mail settings or leave the C-PALSY list, go here:

http://listserv.icors.org/SCRIPTS/WA-ICORS.EXE?SUBED1=c-palsy