For future reference, do the math first!

Earlier in the week, I sent out an e-mail that was sent to me. Kind of a chain sort of thing, yet somebody was “trying“to use their head. However their math was off. A lot. I encouraged those I sent it out to, to ”do the math.” Not everyone responded. Of those who did only one actually mathed it out. (I didn’t hear from him untill last night). Other responses were as I knew and feared, they wanted their share, screw AIG. This letter has caused some angry protest to congressmen as well. Why?

Check it out below.

“Now here is the idea of how to save the economy ………

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. Maybe???

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.”

Using this author’s numbers of 200,000,000 people and 85 Billion, actually we all would only get $425.00.

Why am I putting this out?

I know that this has gone out to a great number of people who sent it on to others. I know people will/have blindly read this and believe the math in it and will or already have written letters to their congressmen who have much better things to do with their staff then read letters from pissed off tax payers who can’t multiply or divide.

I know one congressman who is actually having fun with this and trying to see how many people actually write in about it. (my and your tax dollars hard at work), So far over a hundred letters received.  And that is just one.

For future reference I ask that when you get e-mails like the one above: Make sure you actually do the math before you react.

Also for the record, in my opinion, the American taxpayer got their share earlier this year, and not everyone took advantage of it.

© 2008, Bruce Mc. All rights reserved.