Whats your best economic stimulus idea?
Posted by: admin / Category: creative real estate investingI received this back when the bank bail out started and it still the best I have seen
Subject: The Birk Economic Recovery Plan
This is the best plan I have heard in a LOOONNGG time:
Hi Pals,
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 Bon-a-fide 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 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. Create money for entrepreneurs. Buying a new AMERICAN 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. 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
I didnt do the math I just posted an e mail I received a couple of months back, sorry.
85,000,000,000/200,000,000=425 it is a little off. I should have checked Mr. Birks math beore making my self look stupid. But how about ideas?
1 more 0 was added and the . was replaced with a , . And I didnt thumbs down anyone. like I said I jumped the gun not checking what he did.
Kick out the log jams that hinder business and let er rip; like they did in Hong Kong.
It’s the stinking democrats version of "regulation" that got us into this stinking mess, the whole mess. Of course we need to make sure things are fair, but then the government needs to stay out because it’s those self interest driven pieces of crap which cause most of the problems, and caused all of our problems recently that really hurt us.
They should also take environmental "scientists" who block economic growth enhancing projects like clean hydro electric projects, with false information as they have done in the past, and try and convict them of treason because they have not been looking out for the environment as much as they have been working in a political way to hinder economic growth, and that hits our entire country and damages all of our national efforts.
July 11th, 2010 at 6:50 pm
$85 billion divided by 200 million = $425.
Why thumbsdown me? It’s just MATH.
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July 11th, 2010 at 7:21 pm
But the politicians would not be able to give their elite donors the money they promised.
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July 11th, 2010 at 8:02 pm
Regulate and account for.
NO MORE oversight and negligence in the name of greed and power.
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July 11th, 2010 at 8:19 pm
I’ll take that $297,500.00 check.
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July 11th, 2010 at 8:59 pm
Kick out the log jams that hinder business and let er rip; like they did in Hong Kong.
It’s the stinking democrats version of "regulation" that got us into this stinking mess, the whole mess. Of course we need to make sure things are fair, but then the government needs to stay out because it’s those self interest driven pieces of crap which cause most of the problems, and caused all of our problems recently that really hurt us.
They should also take environmental "scientists" who block economic growth enhancing projects like clean hydro electric projects, with false information as they have done in the past, and try and convict them of treason because they have not been looking out for the environment as much as they have been working in a political way to hinder economic growth, and that hits our entire country and damages all of our national efforts.
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July 11th, 2010 at 9:12 pm
AIG is a done deal under the Bush administration so you’re a little late. As for the rest, your math is way off.
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July 11th, 2010 at 9:36 pm
Why not just cut taxes by the $85 Billion? Anytime you filter money through the government there is going to be a huge amount of it wasted. Letting the people who are producing the wealth keep it makes a lot more sense than this admittedly "spread the wealth" (socialism) plan.
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July 11th, 2010 at 10:03 pm
It would work the same way as giving everone a dime…Because supply and demand would rise, prices would rise, intrest rates would rise, jobs would be lost as "Everyone 18+" would now have $$ in their pockets, so why work? It just doesn’t add up, so let’s give everyone a dime…easier on the economy.
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July 11th, 2010 at 10:50 pm
Pay off all LEGAL , WORKING TAXPAYING AMERICAN`S DEBT`S ! That would probably cover about 275 million citizens ! Even if each were given a personal bailout by the Feds` of 1 million dollars apiece , it would only equal 275 million dollars of total bailout money , and not in the proposed "trillions" to give away to everyone but us , the working Americans ! I can only imagine how much I would "stimulate" the economy with me spending my 1 million dollars !!!!!!!!!!!!!!
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Working folks common sense !
July 11th, 2010 at 10:56 pm
That is only $425.
In order to come up with that figure for each Americans ($425,000), you need $85 trillion.
Temptingly good, but then people will not want to work anymore, so businesses will close down and there will be what we call deflation. So, a pair of shoes may cost $100,000.00, and the US dollar will lose its value.
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July 11th, 2010 at 11:11 pm
No one deserves anything unless it is worked for, the democrats and barney frank are the major culprits, home mortgage loans to millions of unqualified buyers, no one should have ever been able to buy a home until they were qualified, salary, debts, credit history, where I blame Bush is him being so eager to rush to bail out all of these companies and hugh corporations and banks, some of whom are either sitting on the money or buying chinese banks, they started mass layoffs and yet the american taxpayer is expected to foot the entire bailout, I would have allowed them to belly-up and file chapter 11 and reorganize than to bail them out, early nineties we had a lot more banks to fail and go under and they were federal.The damage has started; so what I felt should have happened is; Bush should have already had stimulus money mailed out end of year and Obama should do a second one after he is sworn in, both should not be a teaser, but filing jointly[married couples] should get about $2000 each time and singles $1000, Automotive giants should re-invent themselves, chevy 69 camaro re-introduced and EPA raised on all cars, high rebates, 0 or small interest loans, 1.9& 2.9 percent, priced reasonable, all with good credit, bad credit people, get a hundred dollar car until you can afford one, anyone with I-9 type credit on car and home loans, turn them down, no pay, no buy ! All of this happened after the Carter adminstration, and under Reagan, business went like gang busters, I know, I was in the car business for 43 years, sold 15&20 cars a month,
we prospered, we should not allow people who don’t want nothing to pull the whole nation down, people shacking up would be a no-go, they are not a resposible party of two, besides it is a sin, includes homosexuals living together as well. They are not joint buyers, under barney frank, I have to assume that was grossley violated.
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Been there, Done that.