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The Birk economic plan

News Type: Other — Thu Sep 25, 2008 3:11 PM EDT
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i received this in an email from a friend. it's so beautiful in it's simplicity and SO plausible, that i determined to get the concept out to as many people as possible. perhaps if enough of us "common citizens" rattle enough cages, we could actually make this happen! enjoy!

The Birk Economic Recovery 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
bon-a-fide 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 billion 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

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

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{"commentId":3143938,"authorDomain":"BCQ"}
Tim R.

The guy is an idiot.

Do the math yourself.

85 billion / 200 million = 425

Not 425,000.

I agree with him being against the bail out, but you've got to check your figures before you say you've got "something better".

{"commentId":3143938,"threadId":"369116","contentId":"1912347","authorDomain":"BCQ"}
  • 2 votes
Reply#1 - Fri Sep 26, 2008 12:17 PM EDT
{"commentId":3160275,"authorDomain":"hvffc"}
Henry F

T.J. Birkenmeier needs to audit a sixth grade math class.

$85 billion divided by 200 million people is $425 per person.

That's it -- 425 bucks. Doesn't provide that much toward a mortgage or car loan.

Now, what about $700 billion? That amount divided up among 200 million is a whooping $3500 per person!

Credit may dry up and half the stores you frequent will close because they relied on credit lines, and you won't be able to get a mortgage to buy a house, and rental rates will climb because there's a whole lot more people needing rentals who lost their home or can't get a mortgage, but ...you can live in the used van you can buy with the big $3,500 payoff!

{"commentId":3160275,"threadId":"369116","contentId":"1912347","authorDomain":"hvffc"}
    Reply#2 - Fri Sep 26, 2008 11:33 PM EDT
    {"commentId":3165491,"authorDomain":"avocs"}
    A Voice Of Common Sense

    Thank you, Tim.

    I just got this in an e-mail, and marvel at the number of people who will happily forward it and post it on their blogs without ever taking a moment to CHECK THE BLASTED MATH!

    So, on the one hand we have crooked CEO's who operate on the principle of pure unbridled avarice, and on the other we have an extraordinarily ignorant populace who will just swallow whatever they're told...and we wonder why we have problems? Hmm....

    {"commentId":3165491,"threadId":"369116","contentId":"1912347","authorDomain":"avocs"}
      Reply#3 - Sat Sep 27, 2008 4:28 AM EDT
      {"commentId":3175970,"authorDomain":"virginiasbest"}
      virginiasbest

      Ok folks, this is why morons should not be allowed to have email addresses…

      THE MATH IS INCORRECT!!!!

      Seriously…if the "Birk" of this plan is an accountant...RUN! If "Birk" is your accountant, you're probably going to jail very, very soon. You see, when you divide $85 billion by 200 million, you get…WAIT FOR IT…$425.00, NOT $425,000.00. For there to be a $425,000 payout to each and every 18+ citizen, the bailout would have to be $85 TRILLION dollars.

      This country is SERIOUSLY screwed if our educational systems cannot, at the very least, dilute this level of utter stupidity, if not correct it altogether!

      {"commentId":3175970,"threadId":"369116","contentId":"1912347","authorDomain":"virginiasbest"}
        Reply#4 - Sat Sep 27, 2008 6:22 PM EDT
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