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Thread: The birk plan

  1. #1
    Senior Member RACING JUNKIE
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    The birk plan

    This could work!



    Thought this was interesting:


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

  2. #2
    Do the math, genius, 85 bil divided by 200 mil is $425 each, barely 1 nite on the town for everybody.
    batteriesnotincludedsomeassemblyrequiredindividual resultsmayvary

  3. #3
    Senior Member RACING JUNKIE
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    LOL

  4. #4
    Senior Member RACING JUNKIE
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    I guess that's what happend after a long day of racing and you just cut and paste. :lol:

  5. #5
    Senior Member RACING JUNKIE
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    $425.00 still probably better than bailing out AIG, just so they can misuse theyre assets again. Todays CEOs aren't thinking career goals they just want to rob as much moneys as possible before the company folds. Then they go on theyre way to the next company. Does a bailout send a positive signal to other companies and CEOs. I think a prison sentence for misrepresenting moneys is that amout might be in order. Do something to deter these type of actions not set a presendent for others.

  6. #6
    Senior Member RACING JUNKIE
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    Well Boys, Fannie Mae/Freddie Mac Excetutives are big supporters of Obama & have helped his campain... now they need us to "bail" them out. Furthermore, his campain money has also come from other countries too. The whole thing STINKS. What about all of the property & assests (such as foreclosure)??? I say SELL IT ALL to other mort. groups, & say good bye to the whole thing.

  7. #7
    Administrator RACING JUNKIE bjuice's Avatar
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    Acutally the thruth about Fannie and Freddie started back in the late 90's when the Clinton administration push them to lower their lending standards so that sub-standard mortgages could be made to less than worthy credit people...
    but i have no doubt they are obama supporters also
    Bjuice..

    "I'M YOUR HUCKLEBERRY ! "

  8. #8
    Senior Member RACING JUNKIE
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    Well bjuice i see Moderator under your username, did you have a change of heart.

  9. #9
    Administrator RACING JUNKIE bjuice's Avatar
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    went on a long fishing trip and decided i luved you guys too much to leave :shock: 8)

    Plus the 30,000 a year raise Tom gave me helped me out a lot...somewhat like the Birk Plan.....lol :roll:
    Bjuice..

    "I'M YOUR HUCKLEBERRY ! "

  10. #10
    Senior Member RACING JUNKIE
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    BJUICE: I read that old 1999 New York Times article you might be talking about too... the Clinton admin. was pushing lower standards & Feddie & Fannie became whores... now look at us. We are paying the price for alot of mortgages that were given to minorities who probably should not have had them in the first place. Thank you Bill Clinton.... your legacy contiues on...


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