The "We Deserve It Dividend!" and Wall Street Doesn't

Discussion in 'Politics' started by midlifebear, Sep 30, 2008.

  1. midlifebear

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    OK, so going on good faith (not real calculating) I've modified the figures accordingly . . . maybe.

    Dear LPSGers who put up with my nonsense, please consider the following and please tell me where the flaws are in the reasoning. I admit this did not originally come from me, but I've refined it a bit.

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

    I'm against the $$85,000,000,000,000.00 (I forget, do I need even more zeros?) bailout!

    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
    U.S. Citizens who are 18 years+.

    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..

    Divide 200 million adults 18+ into $85,000,000,000,000 and that equals $425,000.00 (?). (NOTE: somebody please check my math, it is not one of my strengths.)

    Therefore, if the long division is correct, 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 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 folkswho lost their jobs at Lehman Brothers and every other companythat 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...

    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? N o t o W a l l S t r e e t

    I trust my fellow adult 'Mericuhns to know how to use the $85 Billion
    "We Deserve It Dividend!" more than I do, the geniuses at AIG, the Treasury, Fannie Mae/Freddie Mac, or politicians in Washington DC (actually, politicians everywhere).

    And remember, this plan only really costs $59.5 Trillion (edit) because $25.5 Trillion (edit) is returned instantly in taxes to Uncle Sam.

    And don't forget all the things one could buy on Ebay! Wahoo!

    Ta da!


     
    #1 midlifebear, Sep 30, 2008
    Last edited: Sep 30, 2008
  2. timestretch

    timestretch New Member

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    85 billion divided by 200 million is only $425.
     
  3. Phil Ayesho

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    Well- first of all your math sucks.

    85 billion divided by 200 million is $425 DOLLARS. not 425 thousand.


    It would take 85 TRILLION dollars to give every adult that much

    That is 121 TIMES the bailout figure.


    At that size, the interest on the money would run around 4 trillion dollars per year.
    That significantly exceeds economic GROWTH in even our best years...
    That results in servicing the debt actually REDUCING federal revenue, year on year, despite economic growth.

    Within a few years, the government would have to start selling off our military to fund essential services.
     
  4. rawbone8

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    Why you big fucking $ociali$t commie! :tongue:
     
  5. midlifebear

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    Whoops and a GIANT thank you for correcting my math. Yes let's change that to 85 Trilliion billies. I'm going on faith you are correct for my Ron Popeil Pocket Calculator and Fish Gutter only works under full sunlight. As I said, math is not my strong suit. However, I'm absolutely swell in the Arts and Humanities.

    As for selling off our military, why not just rent out our military?

    LOL! (insert happy face emoticon here)
     
  6. curious n str8

    curious n str8 New Member

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    Also what needs to be done is rebuilding our infrastructure for electricity(nuclear,solar,wind power)railway system,roads and bridges just to name a few.
     
  7. kalipygian

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    That's what we do here, every established resident gets $3,200. from the state this year. (just about enough to pay the property taxes on the house for a year)
     
  8. uniqueusername

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    I missed the part where anyone DESERVED anything from the government. What did you do to earn half a million dollars?
     
  9. seterwind

    seterwind New Member

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    What did the CEO of PetroCan deserve to get a bonus of 30 million last year? Oh yeah be born into it and go get a BA in Business... Life doesn't play fair, why not have some unfairness coming our way?

    IF only life was a video game where hard work = fair reward. We would have a lot more hard workers.
     
  10. B_starinvestor

    B_starinvestor New Member

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    This is right on the mark for the the socialists. Gimme Gimme Gimme. Can't add/multiply/divide or anything. But gimme gimme gimme.

    This post is very representative of the Obama following. It's embarrassing.
     
  11. lucky8

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    Christ, I sometimes get the feeling hardly anyone on this board actually knows what socialism is...are you forgetting about that stimulus package a few months ago? What about the one being proposed now? Socialism? NO. Wisen the fuck up all of you biased mother fuckers, stop crying socialism at every idea you disagree with, and at least try to see past your own god damn biases...maybe open a dictionary too, that may help
     
  12. B_starinvestor

    B_starinvestor New Member

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    Socialism - Wikipedia, the free encyclopedia

    there it is.

    It doesn't fare real well.
     
  13. lucky8

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    You've failed to see the point of my post. Sending everyone a check, just like the gov. did a few months ago, is not socialism.
     
  14. B_starinvestor

    B_starinvestor New Member

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    The government didn't send everyone a check. If they did, they missed my mailbox. They [the gov't] didn't give anybody a check in the bailout package a few days ago (not months.) They are buying depressed securities - there is a good likelihood that the taxpayers will realize a profit on this plan.

    If you are referring to the stimulus package - it did work. However, the checks were a tax-based package. Those that pay taxes received a check. The social program benefactors did not.

    That package was not a socialism package.
     
  15. lucky8

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    I know exactly what is going on right now...notice how in my first post I specifically referred to the stimulus package? And no, it didn't work. The economy was not stimulated, not even in the slightest bit. So we agree on something at least, the stimulus package was not a socialist package, which I JUST stated in my last post...so explain to me how doing it again would be any different? What makes sending taxpayers a check now socialist, but doing it 4 or 5 months ago not socialist?
     
  16. Drifterwood

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    How many sub prime houses could you buy for that amount?

    Buy the housing stock, leave the bankers et al with the consequence of their greed and have a sustainable social housing program reaping social benefit and $ dividend.

    Just a silly thought.
     
  17. TurkeyWithaSunburn

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    Just imagine the hyperinflation that would result from that!

    old Hungarian pengő or Zimbabwe dollar anyone?

    When the pengo was replaced in August 1946 by the forint, the total value of all Hungarian banknotes in circulation amounted to one-thousandth of one US dollar. It is the most severe known incident of inflation recorded, peaking at 4.19 × 10^16 percent per month (prices double every 15 hours). The overall impact of hyperinflation: On the 1st of August, 1946 400,000,000,000,000,000,000,000,000,000 or 4×10^29 (four hundred octillion) pengő became 1 forint.

    The Cato Institute's Senior Fellow Steve Hanke released a document estimating Zimbabwe's annualized inflation rate to be 2,000,000,000,000% as of October 3, 2008.


    Although recently Zimbabwe remonitized coins... so if you had a penny it increased in value 10,000,000,000%. They redenominated and moved the decimal place 10 zeroes. (if I remember correctly)

    Just think how fast we could pay off the 10Trillion dollar national debt if we were printing money that fast! Of course we'd all be poorer than Russian serfs. With all those zeroes, and of course the printing presses breaking down, eventually we'd have to introduce a new currency. Anyone ever hear of the Amero? :rolleyes: Would need a new currency if you lived in a new country, The North American Union:rolleyes:
     
    #17 TurkeyWithaSunburn, Oct 9, 2008
    Last edited: Oct 9, 2008
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