The Birk Economic Recovery Plan
This plan deals with $85 Billion, and not the proposed
$700 Billion "Bail Out" currently on the table.
Imagine, what that would do to these numbers...
Success means having the courage,
determination, and the will to become
the person you believe you were meant to be.
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.. 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 still means that
every adult 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 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 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 bai lout, let's bail out every adult U S Citizen!
As for AIG
* Liquidate it.
* Sell off its parts...
* 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.
Kindest personal regards,
Birk T. J. Birkenmeier, A Creative Guy & Citizen of the Republic