I was opposed to this $700 billion bailout from the beginning, as I believed it would quite simply encourage and reward the GREED, so rampant in our country’s idea of what is right. That said, I also contemplated, in my alleged simple tax-paying mind, that bailing out Americans would make a lot more sense, if we were going to spend more money that we didn’t really have.
We deserve it, after all – I am sure I am not alone in this feeling of betrayal and LOSS, these past few years. In my simple mind, I assumed there might be 200,000,000 bonafide US citizens that were 18 or older, being our population is around about 301,000,000, including children, thereto my estimate. If you divide 200 million adults into $700 billion, or even simpler the $85 billion, just to bail out AIG, that would equal about $425,000.000, for every adult in the US. Of course it wouldn’t be tax-free, that would be unconstitutional, so let’s assume a tax rate of 30%, we would give back the government about $127,500.00 in taxes. Which would send about $25,500,000,000 right back to Uncle Sam, but would still leave every adult with $297,000.00 in their pocket – a couple having $595,000.00 for their family.
What would you do with $297,500.00 or if married, $595,000.00 in your family?
Pay off your mortgage…housing crisis solved!
Repay college loans…what a great boost to new grads. Save in a bank…create money to loan to entrepreneurs. Buy a new car…create jobs. Invest in the stock market…capital drives growth. Pay for your parent’s medical insurance…health care improves. Enable deadbeat dads to come clean – or else!
This is for every American…the folks who have lost jobs in so many companies gone defunct or outsourced to other countries, even those serving in our armed forces! If we are going to re-distribute wealth, let’s really do it, not placate us with a puny incentive or ‘vote buy’ to keep us quiet, while a much bigger agenda is on the table.
As for AIG, WAMU, WACHOVIA or any of the other failed businesses, liquidate them, sell off their parts, sell off the real estate and let the private sector bargain hunters cut it up and clean it up.
Yes, I have been told I have ‘crazy ideas’ that can never work, but can you imagine the BOOM to our economy…or even imagine the Block Party that would ensue from coast to coast… I would certainly trust my fellow Americans to use it more wisely than who actually received this bailout. Well, I guess the “We deserve it Dividend” is off the table and the rich will get richer, while we all struggle to make a dime!
I have received countless e-mails about the bailout, written, called and emailed my congressman and am extremely disappointed in our governments choices for alleviating an issue of Greed, leaving me to create ‘sense’ amongst the NONSENSE!