Bailout of AIG

Discussion in 'Off Topic' started by RATRODER, Sep 29, 2008.

Tags: Add Tags

    RATRODER Guest

    Interesting Idea. Why can't we do this?

    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 billion t hat equals $425,000.00.

    My plan is to give $425,0 00 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 $25,500,000,0 00 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 Family plan only really costs $59.5 Billion because $25.5 Billion is returned instantly in taxes to Uncle Sam.
    Last edited by a moderator: Dec 15, 2015

  2. arceeguy

    arceeguy Active Member

    Why not let AIG fail, and not "bail out" American citizens in debt.
    Not spending anything at all - is that such a hard concept for people?
    The markets will work, let them correct themselves. Strip the scumbag CEOs of their wealth and throw 'em in jail. People will lick their wounds and life goes on.
  3. Skyliner70cc

    Skyliner70cc Active Member

    There is no 85 billion dollars to dole out. The US gov't will issue debt to obtain this amount.

    As for giving money to the citzenry, how in the world can you in good conscious ask for more in return than you pay annually in taxes? Doing so means you are doing so at the expense of a citzen who actually pays the federal taxes. The top 3% income earner sin this country pay almost all of the federal taxes. Its not nice to steal.
  4. psmcd

    psmcd Member


    Bad math, you're talking $425.00/person and it doesn't matter!

    There's no solution in bailouts.

    More checks, other bailouts, it's all a disease.

    Get real!

    Buy only what you can afford now. Save for what you need or want. Shun what anyone says is free, someone else will pay for, or you deserve. That's all bull and lies.

    The suffering this bread and circus act deliver has only just begun. Get your house in order. Take care of your own. Rely only on your own work, real friends, neighbors and family or suffer the reality of false promises.
  5. Pablo

    Pablo Motored Bikes Sponsor

    This is some internet krap thing.....dude please don't just cut and paste this stuff, most all know this is floating out there.

    And for sure it shows uneducated people are gullible, because indeed, simple division isn't that hard.
  6. astring

    astring Member

    This whole thing is bugging me A LOT. I am glad that most of the house members had some guts.
  7. arceeguy

    arceeguy Active Member

    We don't agree on much, but this we can agree on.
    Let them fail. Let the market suck for a year or two. It will come back stronger as a result having learned hard lessons and having to deal with the inevitable tighter regulations. Because credit is tight, it won't be long before someone will cry that banks are discriminatory in their lending practices and need to give "low income" people with dodgy credit mortgages. (and the government will back those loans) Here we go again!
  8. Mountainman

    Mountainman Active Member

    come back stronger -- well yes -- but -- how long are we talking about ?

    bail out or not

    I think that it will be many years before the market gets back to 12,500
    and from what I have seen
    that's the sweet spot for making money in the stock market

    ride that stock market Mountainman