How to solve the econimic crisis.

Discussion in 'General Discussion' started by GenoP754, Sep 26, 2008.

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  1. I received this as an eMail today, and I cannot take credit, but I believe this is the best idea I have heard yet! ------GenoP.



    I'm against the $85 BILLION 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 U.S. citizens, aged
    18+.



    Our population is about 301 million counting every man, woman and child. So,
    200,000,000 might be a fair stab at adults 18 and up. Now, divide 200
    million, 18+ adults into $85 billion - that equals $425,000.00 each! Yes, my
    plan is to give that $425,000 to every adult as a 'We Deserve It' dividend.



    Of course, it would NOT be tax free. So, let's assume a tax rate of 30%.
    Every would pay $127,500.00 in taxes. That sends $25.5 billion right back to
    Uncle Sam! It also means that every adult 18+ has $297,500.00 in their
    pocket. A husband and wife would have $595,000.00!



    What would you do with $297,500.00 to $595,000.00?


    * Pay off your mortgage - housing crisis solved


    * Repay college loans - what a great boost to new grads


    * Put away money for college - it'll really 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 and older (including the
    folks who lost their jobs at Lehmann 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 $1,000.00 economic incentive.


    If we're going to do an $85 billion bailout, let's bail out every adult U.S.
    citizen!!


    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.


    We deserve the money and AIG doesn't. Sure it's a crazy idea, but can you
    imagine the coast-to-coast block party?!

    How do you spell Economic Boom? W-e D-e-s-e-r-v-e I-t d-i-v-i-d-e-n-d! 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 ,
    D.C. .
     
  2. Geno, sorry to disappoint you bud, but $85B divided by 200M is only $425.

    Nice try though :) 
     
  3. I knew there was a flaw in the idea somewhere.....

    That's a bummer, as I was planning to spend all of it at B&H.

    GenoP
     
  4. The other issue is that the billions of dollars don't exist - we're just printing more money and selling bonds, devaluing the dollar. Paying ourselves monopoly money is a vicious circle, but it would be fun to take $400K to B&H!
     
  5. But just think if we expand on the idea with the proposed 700Billion Bailout:

    That come to about $3500 each. We would all have enough for a D700 and 24-70......and Nikon can take over the world.

    GenoP
     
  6. Geno, I like the way you think. And I agree with Sean, going to B&H and asking for twenty copies of Sigma's 200-500 f/2.8 lens would be a hoot!
     
  7. Hyper-Performance

    Hyper-Performance

    315
    Apr 11, 2007
    SW Ohio, USA
    Dave
    You can look at this idea a whole different way - if everyone gave $425 to resolve the financial crisis it would be done and over with......imagine how much money will REALLY be removed from your pocket via. taxation to solve this (I'll bet more than the $425).
     
  8. jjdesanto1

    jjdesanto1

    May 1, 2005
    Warwick, N.Y.
    John DeSanto
    (America's famously bad math skills are exactly why we're in this mess, methinks.)
     
  9. I know something about economics and business :smile: Taking money out of the state budget and giving it to people will create immense inflation, that will be the last nail in the U.S. economy's coffin. I think you can improve the standard of living by cutting enormous expenditures on unjustified wars, and huge spendings supporting different regimes as well as other unwise foreign policy measures. Just look at your budget and see how much of it is being spent on issues that add no value to your nation. If you look at the history of humanity - most empires went down having lost their sense of reality with wars and foreign support that drained them financially and as result politically.
     
  10. Nuteshack

    Nuteshack Guest

    i sure hope this guy isn't your accountant ...hahahahahaha
    :tongue:
     
  11. wbeem

    wbeem

    Feb 11, 2007
    Sanford, FL
    William Beem

    Never trust an accountant who can't spell "economic."
     
  12. The rules about political posts is very clear. Slipping political digs into discussions will only result in threads being closed. We're here for photography; there are countless web sites the members of which are busy solving all sorts of financial crises around the world. This, unfortunately, isn't one of them.

    Thanks, Rich
     

  13. Brotha, I feel your pain. Here I was planning new gear, paying off bills, etc.

    Oh well, back to reality..:redface:
     
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