Do the Math

Do the Math:

A very popular e-mail is making the circuit in the last several days espousing a new theory for what to do regarding the bail outs. The e-mail is as follows—however, there are some very grave errors in the proposed theory.


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 bona fide adults in the U.S.

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 improve
  
• 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.
  
  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.
  
  Ok. So here’s the problem. Many are forwarding this e-mail on to others (including me…*she says sheepishly* without doing the MATH. The math is not $425,000. It’s $425 dollars. And after taxes that won’t even pay for mortgage payment in most homes in this nation. The sorry thing is, and this includes me, is that so many times we as Americans do not demand the appropriate checks and balances necessary to truly be free. We are constantly subjected to numbers and so-called solutions which are not properly vetted, or disclosed to the American people. The lawmakers are constantly hiding this financial provision here and there. Frankly I firmly believe that if we had cause to pass a piece of legislation that laid out a woman’s right to life in the U.S. even after she was subjected to a rape, that some moronic lawmaker would refuse to pass it without sneaking some financial boon to himself or his cronies.
  
  I fully realize that not bailing out AIG, for example would create an enormous loss of wealth to many individuals who invested in AIG. Seeing that all over the news would pain be almost as much as witnessing the remains of a terrorist attack. The fact is, this mismanagement of funds is a terrorist attack on our nation’s backbone, but it’s perpetrated by big-wheeling deal makers who do not have appropriate accountability and oversight. While the retirement funds would be obliterated, you must understand that we’re already in an “Emporer’s New Clothes” scenario, folks. The retirements of the middle class have already dwindled down to virtually nil thanks to the devaluation of the dollar, inflation--which is orchestrated, and criminal mismanagement of funds. With us bailing out AIG we are in essence saying, yes, Mr/Ms. American citizen, you made a poor choice in your investment but the rest of the American people are going to atone for that error and pay for the mistake for you—even those who can’t even fathom ever owning a home, let alone an investment account of hundreds of thousands—AND we’re going to let the real perpetrators of the debacle walk or even salvage their big profits in doing so.
  
  Additionally, even if the numbers were real on this, it would only compound the problem of watering down the value of our currency which the Federal Reserve has already mastered quite well. Inflation IS a tax manipulated by those in power. And it’s a hefty one at that.
  
  Our currency is mismanaged, our taxes are mismanaged, and now when we discover just how badly our so-called backbone of the economy—Wall Street—has mismanaged their jobs, we’re compounding the problem.
  
  Mark my words. This debacle enslaves all middle and lower class tax payers even more harshly than if the true consequences were allowed to play out. At least then, those responsible would be forced to suffer the results of their actions. As a nation I believe we can suffer through the natural fall-out while being given the opportunity of a wake-up call. You can’t “repent” of your actions by forcing someone else to “atone” for you. (I believe there’s only one person who’s authorized to do that.) And yet that’s exactly what is being forced upon the American people.

Copyright 2009 Kellene Bishop. All rights reserved. You are welcome to repost this information so long as it is credited to Kellene Bishop.

Why SHOULD Wall Street tumble today?

Wall Street SHOULD tumble despite the AIG bailout

Anything other than a “Wall Street tumble” would be a deception on the public. Why? Because there is no financial benefit for the investors of our nation when the “Fed” bails out another business gone amuck. It’s a generic band-aid, initiated to continue the perpetration of a century long façade. Let me say this again loud and clear… the Federal Reserve is NOT a government entity. Our government leaders have no say in how it operates, and no jurisdiction over it. So how does it have any authority over the use of YOUR tax dollars?? And yet it was the tax dollars of U.S. citizens pledged for use of the Federal Reserve for this AIG bailout and the so-called $70 billion cash infusion that occurred yesterday.

I’m having a hard time understanding how so little financial intellect can be present in the minds of our media reporters? They can get heavily involved in what celebrity was caught kissing whom, what crime rate is on the rise, whether or not a woman or a mother is fit to run a big business or serve in a major government position, but they can’t see the asinine proposal of our tax dollars being given to a foreign entity to bail out another big business gone amuck?

Since when did business failure deserve a reward? Let the consequences happen as they may to these big businesses. Give the American investors pause for more prudence in their investment decision making.

Why is it that our nation’s leaders are allocating our tax dollars to a non-governmental entity to bailout a company most of us could care less about? Since when does failure to operate a business properly merit the pity and hard-earned dollars of American citizens? I know of hundreds of business owners who have made mistakes in running their business; and not only does no one come to their aid one iota, but because they are self-employed business owners, even in a crisis they are unable to get access to simple financial benefits such as food stamps or Medicaid (that even illegal immigrants can get) when necessary! The irony is that small and medium sized businesses contribute the largest portion of tax dollars to these programs than even large corporations- yes more than Merrill Lynch and AIG put together! Do we simply discount or forget that these struggling businesses may have had a wonderful 5 year run previously in which they contributed to the economy by providing honest jobs to dozens of employees, tax dollars, vendor service dollars, etc?

Stop the insanity. Get educated about what’s really going on and then voice your opinion in these matters to the government leaders just as fervently as you would cry for help to save your family, your home, and your freedom.

Copyright 2009 Kellene Bishop. All rights reserved. You are welcome to repost this information so long as it is credited to Kellene Bishop.