gov't bail out...new idea..

[driftking777]

New bailout plan...

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 Lehmann 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 "We Deserve It Dividend"
plan only really costs $59.5 Billion because $25.5 Billion is returned instantly in taxes to Uncle Sam.

PS: Feel free to pass this along to your pal's as it's either good for a laugh or a very sobering thought on how to best use $85 Billion!


I know the numbers are off compared to what they are actually talking about and it will never happen. But its something to think about.

Discuss.

[((sr)) kelly]

damn good idea i think....

[FRpilot]

$297,500 in my pocket!! hell yea. let AIG fail..

but this is impossible, no government is going to give that much money to every citizen 18+. plus, wouldn't we be paying it back in the long run with our taxes? so it would just be like borrowing money?

[illvialuver]

Fuck yeah!!!!!!!!

[sillyvia13]

run for office... REALLY!
we need thinkers like you in office!

I am in!
Shit I donate my share to you! just for helping our country!
GOOD MAN!

[((sr)) kelly]

i mean i dont even care about the money really.... this plan would work soooo good.. i can tell...


OP is a good economist

[MELLO*SOS]

OP is a good economist

More of a copy/paster.. I got this in my email last week also.

Sounds like a plan, give everyone $300k to spend on coke, weed, hookers and car parts!

[MegasquirtCA]

Guys do the math 85 Billion divided by 200,000,000 is $425.00 Less than what we got for our Tax Stimulus.

[Fries]

Guys do the math 85 Billion divided by 200,000,000 is $425.00 Less than what we got for our Tax Stimulus.

HAHA True story!!! OWNED!

[imotion s14]

damn good idea i think....

The bailout wasn't pay with trucks loads of cash, it was paid for with credit and future debt.

You can print a trillion dollars and give it to everyone.. but all you end up doing is debasing the worth of each dollar.

[The ROMAN]

Wow genius, OP (and everyone that agrees with him). But why stop there? Lets just give everyone $4000000000000000000. Never mind that it will be worth NOTHING. At least you could pretend I guess, maybe fill your house with it and swim around like Scrooge McDuck.

[OptionZero]

how wonderfully naive

[driftking777]

^^^yea damn, it is 425 bucks, i actually came back on here to fix my post..lol

something sounded fishey about what i posted so i did the math also, then was like fuck...now i must face the fire that is zilvia...

i neg rep myself (if i could :( )

[ALTRNTV]

Instead of giving it to the 200,000,000 18+ American citizens,
give them to 18+ taxpayers. But that idea is also just like a
"loan".

[1ZlowZ]

425,000 May seem like a lot but everybody will have the same amount.

[ranger240]

worst idea ever, germany tried that after wwi. people were using cash as wallpaper and having to get paid twice a day because inflation was that rampant.

save thought about the economy to people who actually know something about it.
if you dont, holding a sign that says "im retarded" would be less obvious.

[renegade_ewok]

In essence, everyone that has a loan on their house can start paying it back again...

Everyone that is free of debt just uses it to stimulate the economy.

What I would do with that money...

[ranger240]

this is ridiculous. that idea is total crap.

Inflation - Wikipedia, the free encyclopedia (http://en.wikipedia.org/wiki/Inflation)

stop debating the idea. its retarded and WILL NOT WORK.



:lockd::lockd::lockd::lockd::lockd::lockd::lockd:

[ALTRNTV]

Exactly. Regardless, the value of our dollar is going way down.
We can't just print more money to solve our problems without
the financial backing. If it was only that easy...

[beeracing s14]

you can be in my Macroeconomics class! sit with me so i can copy from you! bwhahaa!

[imotion s14]

^^^yea damn, it is 425 bucks, i actually came back on here to fix my post..lol

something sounded fishey about what i posted so i did the math also, then was like fuck...now i must face the fire that is zilvia...

i neg rep myself (if i could :( )

well at least you owed up to it. That humbleness is a commendable quality. Most people just dig themselves further into a hole to save face only to humiliate themselves further.

[yokotas13]

hell yes
my camera bag woudl be filled
id have another 2 cars and half a haouse paid for (gotta have something to maintain credit :) )

[Matej]

Well, this is just the bailout of AIG, wasn't the original talked about general bailout plan for 700 billion dollars?
In which case it would still be only about 3500$.

However, those numbers would be about correct if you used the current total US debt instead of the bailout of AIG. I am guessing numbers got mixed up somewhere along the line of the chain letter.

[aa87]

Haha, except the cost of everything would soar and it'd be like a 1000 dollar stimulus check

[irax]

Instead of giving it to the 200,000,000 18+ American citizens,
give them to 18+ taxpayers. But that idea is also just like a
"loan".

Or 18-50 non criminal (excluding tax crimes) Non felon, making less than 80k a year

that should narrow it down to 20,000,000 people

or you just give that money to black people

thats only like 1,500,000 people



who.... no offense... would spend more than what they were given.

but out of 85 billion, thats only 56,666.66 pre tax

[ALTRNTV]

^^^yea damn, it is 425 bucks, i actually came back on here to fix my post..lol

something sounded fishey about what i posted so i did the math also, then was like fuck...now i must face the fire that is zilvia...

i neg rep myself (if i could :( )
Actually, you were correct.

For the AIG bailout:
$85,000,000,000,000 / 200,000,000 = $425,000

For the total bailout:
$700,000,000,000,000 / 200,000,000 = $3,500,000

[irax]

Actually, you were correct.

For the AIG bailout:
$85,000,000,000,000 / 200,000,000 = $425,000

For the total bailout:
$700,000,000,000,000 / 200,000,000 = $3,500,000

no its Billions, NOT Trillions. the math was correct, but the numbers were wrong.

[ALTRNTV]

Fuck. I got confused since I was watching TV, and this little
kid said "I want trillions and trillions of dollars!" So trillions
got stuck in my head.

HAHAHAHAHA

But ok:

For the AIG bailout:
$85,000,000,000 / 200,000,000 = $425

For the total bailout:
$700,000,000,000 / 200,000,000 = $3,500

[Matej]

Actually you might've been correct. It depends on if this was meant as a short scale billion or a long scale billion.
However most English-speaking countries use short scale, in which a billion has 9 zeros, but the majority of the world's countries use long scale, in which a billion has 12 zeros.
I guess it depends on what kind of scale the creator of this chain letter uses.
Although we do know the bailout isn't planned for long scale billions, in which case the author would've been even dumber, haha.

[MegasquirtCA]

haha akademik got owned.

[ALTRNTV]

I hate math with a passion. :snoop:

[irax]

I don't think there should be a bail out. Because what happens is we save the failing companies due to their bad practices when they should be allowed to fail so other companies can thrive and prosper. I like Obama's wind-fall taxation plan but I would like to see that applied to Banks and Credit companies as well. I think there needs to be major banking and credit reform. I personally think no one would give a fuck about 6-8 dollars a gallon of gas IF the cost of living was reduced to a realistic amount by reducing interest rates on credit cards and loans from their beyond bloated 29-50% to 5-8.9% where your house payments would deflate from 2k down to 1200, your car loan would go from 600 to 350, your credit card payments(total) would go down from 250 to like 190

so basically the average home owner would save 1100 a month.

And it wouldn't be just home owners that would save, but business, and companies too.
People, Companies, Corporations would all survive and the value of the dollar would rise because your buying power would be greater.

[imotion s14]

I don't think there should be a bail out. Because what happens is we save the failing companies due to their bad practices when they should be allowed to fail so other companies can thrive and prosper. I like Obama's wind-fall taxation plan but I would like to see that applied to Banks and Credit companies as well. I think there needs to be major banking and credit reform. I personally think no one would give a fuck about 6-8 dollars a gallon of gas IF the cost of living was reduced to a realistic amount by reducing interest rates on credit cards and loans from their beyond bloated 29-50% to 5-8.9% where your house payments would deflate from 2k down to 1200, your car loan would go from 600 to 350, your credit card payments(total) would go down from 250 to like 190

so basically the average home owner would save 1100 a month.

And it wouldn't be just home owners that would save, but business, and companies too.
People, Companies, Corporations would all survive and the value of the dollar would rise because your buying power would be greater.

Reducing interest rates is one of the reasons that we got into this mess in the first place. With interest rates eased, credit becomes easier to obtain.

Reducing interest isn't going to save anything, it'll only encourage more more spending on extended credit.

But it's easy to just pass these idiotic laws and get political points from voters and get government interference deeper into the markets. All they really do is stop the market from correcting itself more efficiently and faster.

Americans has this unsustainable hyper consumption fueled by easy credit and I believe it's going to take a swift kick in the ass for Americans to wake up and stop living in on credit and debt.

[irax]

Reducing interest rates is one of the reasons that we got into this mess in the first place. With interest rates eased, credit becomes easier to obtain.

Reducing interest isn't going to save anything, it'll only encourage more more spending on extended credit.

But it's easy to just pass these idiotic laws and get political points from voters and get government interference deeper into the markets. All they really do is stop the market from correcting itself more efficiently and faster.

Americans has this unsustainable hyper consumption fueled by easy credit and I believe it's going to take a swift kick in the ass for Americans to wake up and stop living in on credit and debt.


Nooooo we got here from aggressive loan practice with flex rates which started started 3-8 years ago and when those short term fixed rates popped to up to 10x the interest rates is what caused the problem because people went from paying 1.5k~2k to 3.5k-5k just on mortgages so don't tell me its because of our now low interest rates? we are now paying $100 for what used to cost $25 not 10 years ago.

[ranger240]

"we are now paying $100 for what used to cost $25 not 10 years ago."

ok hot shot, you're talking about oil i presume. global demand for oil has exploded in 10 years, that pushes price up,

theres so many other ways to show your wrong, itd be a waste of time and would be greedy. someone else has a turn shooting some fish in a barrel

[imotion s14]

Nooooo we got here from aggressive loan practice with flex rates which started started 3-8 years ago and when those short term fixed rates popped to up to 10x the interest rates is what caused the problem because people went from paying 1.5k~2k to 3.5k-5k just on mortgages so don't tell me its because of our now low interest rates? we are now paying $100 for what used to cost $25 not 10 years ago.

Are you trying to win the argument for me? :keke:

Because you obviously don't know lick about how the system has been working.

Easy credit is a DIRECT result of lower interest rate, you said it yourself. High interest rates means higher payments which makes loans less affordable.

Aggressive lending practices was because of government loan subsidy by GSEs like Freddie and Fannie which was charted by an act of congress.

We're paying more for shit because of the increased money supply from these loans. Elementary economics, you increase money supply and you get inflation.

[imotion s14]

"we are now paying $100 for what used to cost $25 not 10 years ago."

ok hot shot, you're talking about oil i presume. global demand for oil has exploded in 10 years, that pushes price up,

theres so many other ways to show your wrong, itd be a waste of time and would be greedy. someone else has a turn shooting some fish in a barrel

Oil prices is the same, it's the fact that the dollar is weak as hell because of inflation. Gold and Silver prices are damn near flat when compared to oil.

Example: The silver dime was 90% silver. This was before the coinage act of 1965 which changed the dime to 75% copper 25% nickel by content

Gas prices in the 1960s was like what? ~.30 CENTS a gallon. So about about 3 dimes.

Now the silver dime is actually worth more because of it's silver content. At current trading prices for silver, it would be worth roughly 1 dollar. So 3 silver dimes would be worth 3 dollars today. The avg price of gas nationwide is $3.66.

http://www.thedailygreen.com/cm/thedailygreen/images/03/oil-gold-price-lg.jpg

[DataXUnknown]

All I know is that I'd use that money to make my perfect 240, and go to college, maybe living on my own finally...

[irax]

"we are now paying $100 for what used to cost $25 not 10 years ago."

ok hot shot, you're talking about oil i presume. global demand for oil has exploded in 10 years, that pushes price up,

theres so many other ways to show your wrong, itd be a waste of time and would be greedy. someone else has a turn shooting some fish in a barrel

no I had groceries in mind.

[murda-c]

I'd PAY 425 bucks if i really thought it would fix the economy.

[Ninjabread]

Lol u guys are fucked.

Oh wait, were comming down with you!!!

[!Zar!]

I never got a stimulus check.

fuck this.

[Baka Sama]

Why shouldnt AIG get the bail out??

Bush is just being an indian giver and trying to get his stimulus checks back!

Hahaha jokes on you if you thought you were getting free money! :fawkd:

You should have put that money in the bank and saved it, I knew they were gonna try to get it back!

[ranger240]

Oil prices is the same, it's the fact that the dollar is weak as hell because of inflation. Gold and Silver prices are damn near flat when compared to oil.

Example: The silver dime was 90% silver. This was before the coinage act of 1965 which changed the dime to 75% copper 25% nickel by content

Gas prices in the 1960s was like what? ~.30 CENTS a gallon. So about about 3 dimes.

Now the silver dime is actually worth more because of it's silver content. At current trading prices for silver, it would be worth roughly 1 dollar. So 3 silver dimes would be worth 3 dollars today. The avg price of gas nationwide is $3.66.

http://www.thedailygreen.com/cm/thedailygreen/images/03/oil-gold-price-lg.jpg

you're pegging a commodity to another commodity. how does that "de-nominalize" things and indicate lack of inflation? you'd have to compare it to some baseline to indicate real dollars. plus based on your logic, you're saying the price of oil is the same... but our dollar isnt whipping around with the same degree of volatility as oil price, but based on your assertion the devaluation of the dollar is causing price increase...

soooo whats going on? you're holding way too many variables constant and utilizing an unconventional (and arguably flawed) means of 'de-nominalizing' a commodity.

you are completely wrong to say oil prices are the same. exchange rates and changes in demand among countless other variables shit on your argument