Thursday, September 25, 2008

Sounds Good to Me!

My friend, Dee, sent this to me earlier - she thought the timing was funny based on my last post of what I would do with $400,000. I'm all in favor of it, but I guess we would just be dreaming.

This idea sounds just crazy enough to possibly work, so naturally it won’t be given consideration. Bic Plan:
I'm against the $85,000,000,000.00 ($85 Billion) bailout of AIG. Instead, I'm in favor of the Bic Plan which gives the $85,000,000,000 to America in a ‘Who Better Dividend’.
To make the math simple, let's assume there are 200,000,000 legitimate 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 Who Better 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 ($25 Billion) right back to Uncle Sam.
But it 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 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 Bic 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, Jeff ‘Bic’
A Citizen of the Republic
PS: Feel free to pass this along to your pals as it's either good for a laugh or a tear or a very sobering thought on how to best use $85 Billion!!

5 comments:

Lacey Rumley said...

Okay, wow. I would totally vote for that plan, BUT I also have to wonder how many people would squander it and make a mess out of their lives in the first 24 hours they had the $425,000? For us responsible(ish) people, though, wouldn't it be so amazing not to have a mortgage, and to be able to GIVE to others generously? Ahh, but the Bic Plan is too good to be true!

Pepper Blossom said...

except, one question...i believe the bailout needs to be for 700 billion, am i wrong? that is a far cry from 85 billion. but his ideas are creative and make sense.

Erin Morgan said...

Sign me up!!

Meaghan said...

Happy Friday:)

xoxo
Meaghan

daniella said...

BRILLIANT!!!!!!!!!!!!!!!! Can I post this on my blog?

I'm sorry you had a hard time this morning on the couch too. I feel for you, I did the same...sobed, actually. It's amazing what sleep depravation and little ones being ENTIRELY dependent on you can do to your nerves.