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  1. #1
    BloodyHorns82's Avatar
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    The Birk Economic Recovery Plan

    Got this in an email today.
    Thought it was entertaining.
    ;D


    The Birk Economic Recovery Plan

    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 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 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 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

  2. #2
    i_bleed_purple's Avatar
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    Re: The Birk Economic Recovery Plan

    math is wrong.
    85 billion divided by 200 million is only $425.
    Nice thought, but poor math

  3. #3
    BloodyHorns82's Avatar
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    Re: The Birk Economic Recovery Plan

    "i_bleed_purple" wrote:
    math is wrong.
    85 billion divided by 200 million is only $425.
    Nice thought, but poor math
    Yeah...but think of what we could all do with $425.00.
    That would pay for my monthly gas expenditures!


    Edit:
    1.2 months of free gas!

  4. #4
    triedandtruevikesfan is offline Jersey Retired
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    Re: The Birk Economic Recovery Plan

    "i_bleed_purple" wrote:
    math is wrong.
    85 billion divided by 200 million is only $425.
    Nice thought, but poor math
    LOL... yep... and I got more than that in my stimulus check.

  5. #5
    ejmat is offline Jersey Retired
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    Re: The Birk Economic Recovery Plan

    This email has been going around.
    To me it makes perfect sense.
    Give everyone the $425,000 or so and tax it.
    This way the government gets some of the money back (or keeps it) and it gives adults money to pay into mortgages which helps out the banks.
    It will also increase spending which will increase jobs which will decrease unemployment thus boost the entire economy.
    It is a win-win situation.

    The other part of my plan would be to get rid of the current medical plan for all the politicians and make them pay into Social Security (which they don't do).
    That move alone would fix the entire Social Security dilemma.

    I guess afeter reading the whole post I pretty much summarized it.
    Sorry for the redundancy.

  6. #6
    i_bleed_purple's Avatar
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    Re: The Birk Economic Recovery Plan

    "ejmat" wrote:
    This email has been going around.
    To me it makes perfect sense.
    Give everyone the $425,000 or so and tax it.
    This way the government gets some of the money back (or keeps it) and it gives adults money to pay into mortgages which helps out the banks.
    It will also increase spending which will increase jobs which will decrease unemployment thus boost the entire economy.
    It is a win-win situation.

    The other part of my plan would be to get rid of the current medical plan for all the politicians and make them pay into Social Security (which they don't do).
    That move alone would fix the entire Social Security dilemma.

    I guess afeter reading the whole post I pretty much summarized it.
    Sorry for the redundancy.
    except the math is wrong, so really, everyone would be getting less than $400, which isn't even a paycheck for most people with full-time jobs (not sure what minimum wage is in the US)
    minimum wage in Ontario will get you over $500 for a full-time paycheck.)

  7. #7
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    Re: The Birk Economic Recovery Plan

    "i_bleed_purple" wrote:
    "ejmat" wrote:
    This email has been going around.
    To me it makes perfect sense.
    Give everyone the $425,000 or so and tax it.
    This way the government gets some of the money back (or keeps it) and it gives adults money to pay into mortgages which helps out the banks.
    It will also increase spending which will increase jobs which will decrease unemployment thus boost the entire economy.
    It is a win-win situation.

    The other part of my plan would be to get rid of the current medical plan for all the politicians and make them pay into Social Security (which they don't do).
    That move alone would fix the entire Social Security dilemma.

    I guess afeter reading the whole post I pretty much summarized it.
    Sorry for the redundancy.
    except the math is wrong, so really, everyone would be getting less than $400, which isn't even a paycheck for most people with full-time jobs (not sure what minimum wage is in the US)
    minimum wage in Ontario will get you over $500 for a full-time paycheck.)

    I would say that Matt Birk did the math, but he went to Hahvahd.
    Any man who afflicts the human race with ideas must be prepared to see them misunderstood. - H.L. Mencken

    Come from the land of the ice and snow...

  8. #8
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    Re: The Birk Economic Recovery Plan

    In our province, Alberta, a few years ago we got a thing called Ralph Bucks. If you care enough you can look up more details, but in short because we are rich with oil we had a huge surplus and gave money back to the people. It was sweeet.
    We're bringing purple back.

  9. #9
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    Re: The Birk Economic Recovery Plan

    The problem is we are still running a deficit so the money would be borrowed from China and will still result in a defecit increase unless we have a reduction in government spending which is as likely as the KAO setting a single season scoring record with Childress calling the plays.

    The real way to solve the problem is to eliminate the income tax and replace it with a consumption tax. That way the goods coming in from overseas are providing the revenue they used to when they were produced locally. It would create jobs here and we would use less oil shipping goods from asia and trucking them all across the country.

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