You are not signed in (Login or Join Free)   |   Help
Sploofus Trivia
Trivia GamesCommunityLeaderboardsTournaments
MySploofus
You are here:  Home  >>  Chat Forums  >>  The Salty Dog  >>  View Chat Message

View Chat Message



Pages:  1    


koota
Koota  (Level: 181.9 - Posts: 2104)
Mon, 29th Sep '08 12:21 AM

CREATIVE SOLUTION TO AMERICA'S WALL STREET WOES

Ok. I never pass on this kind of thing, but I got it in email, and it's either great for a laugh or an excellent idea. Here it is, my fellow American Taxpayers ...


Hi Pals,

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 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 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!!

salzypat
Salzypat  (Level: 156.5 - Posts: 5316)
Mon, 29th Sep '08 12:30 AM

I sent this to my son, who sent me this reply:

“Someone’s math is messed up. $85 billion divided amongst 200 million people is $425 each, not $425,000. And now we know why it "can never work". Oh, and the $85 billion to AIG is a LOAN not a gift. They have to pay it back to the Feds.”

I don't have enough fingers and toes to do the math myself, so maybe he's right and maybe he isn't.

To be honest, I thought the idea had merit.

Now if you want to consider another financial adivce situation, here's this idea I received today:

FINANCIAL INVESTMENTS

We could all use a little financial advice during these difficult economic times!

Retirement Plan Investment Tip...

If you had purchased $1,000 of Nortel stock one year ago, it would now be worth $49.

With Enron, you would have $16.50 left of the original $1,000.

With WorldCom, you would have less than $5 left.

If you had purchased $1,000 of Delta Air Lines stock you would have $49 left.

If you had purchased United Airlines, you would have nothing left.

But, if you had purchased $1,000 worth of beer one year ago, drank all the beer, then turned in the cans for the aluminum recycling refund you would have $214.

Based on the above, the best current investment advice is to drink heavily and recycle.

This is called the 401-Keg Plan.


fudypatootie
Fudypatootie  (Level: 197.3 - Posts: 1302)
Mon, 29th Sep '08 12:40 AM

As much as I love the idea of getting a nice windfall, the $425 figure is right.

alvandy
Alvandy  (Level: 229.6 - Posts: 7570)
Mon, 29th Sep '08 1:22 AM

That type of taxpayer dividend is a drop in the bucket. The middle class stays in the middle- and is more likely to shrink in the wrong direction. The wealth is too concentrated in too few.

We need fundamental change in the government's role in the "oversight" of commerce and big business.

This type of financial calamity has happened before- notably the Great Depression- another breakdown of Wall Street.

The next president needs to rekindle "a new deal".

If only there wasn't greed. Well, don't hold your breath.




sandracam
Sandracam  (Level: 149.3 - Posts: 4190)
Mon, 29th Sep '08 5:16 AM

401-keg plan, haha, thats hilarious!!

sargon
Sargon  (Level: 112.0 - Posts: 1256)
Mon, 29th Sep '08 5:47 AM

Wouldn't it be a breathe of fresh air to see the top executives of one of Fannie Mae and Freddie Mac call a press conference and say:

"We messed up. If Congress will grant us relief we'll stay on for another year to help clean up the mess for a salary of $1. At the end of the year we will leave, no golden parachutes. Our retirement fund will be a portfolio of those failed mortgages."

It seems that if these CEOs had any patriotism in their souls they would make any personal sacrifice necessary to save the U.S. financial markets.



sandracam
Sandracam  (Level: 149.3 - Posts: 4190)
Mon, 29th Sep '08 7:32 AM

Your assuming these CEOs have souls. I believe they sold them to the god of greed.

sandracam
Sandracam  (Level: 149.3 - Posts: 4190)
Mon, 29th Sep '08 9:39 AM

I also believe that we have done to ourselves what terrorists could not do--wreck our own economy.


salzypat
Salzypat  (Level: 156.5 - Posts: 5316)
Mon, 29th Sep '08 12:18 PM

I sorta figured my son's figure of $425 was more accurate - he's a CFO and should know.

Sargon, I like your plan best. Those greedy knuckleheads who created this mess should have to make huge sacrifices to help straighten the mess out. They shouldn't get huge pensions or payoffs. Don't know about any of you, but when I messed up I was yelled at, not rewarded.

toledosugar
Toledosugar  (Level: 51.4 - Posts: 281)
Mon, 29th Sep '08 1:21 PM

This was good when I read it in about 30 e-mails from friends and it is good to read again. But, the math is messed up.
Not that I disagree with the concept. The average American has a budget and knows that he/she must stay within it. Some things are nice to have but if you have to borrow the money to have it, it's not worth the having. As for the people who bought houses they knew they could not afford, this is a pretty gritty life lesson.
I don't understand why we keep sending these same dunderheads back to Congress, to do the same old thing, time after time. Our forefathers envisioned Congress as sending Americans to Washington to serve one term and then they were to go back to their lives. Instead the career politicians have made a life of Congress and we let them do it. I guess we have no one to blame but ourselves.
Sharyn

sandracam
Sandracam  (Level: 149.3 - Posts: 4190)
Mon, 29th Sep '08 1:27 PM

living beyond your means was the american dream up until recently.

sploofus
Justin  
Mon, 29th Sep '08 2:09 PM

Oh Lord.

I thought I saw this enough in my inbox, but to see that bad math again HERE is just too much!


LOL!

Justin


fudypatootie
Fudypatootie  (Level: 197.3 - Posts: 1302)
Mon, 29th Sep '08 2:52 PM

Maybe we all need to spread the word and VOTE THE BUMS OUT! Every incumbent up for re-election should be voted out. Of course, there's no guaranteeing the newcomers will be any better.....

eesusbejesus
Eesusbejesus  (Level: 75.0 - Posts: 3645)
Mon, 29th Sep '08 3:01 PM

Everybody hates the old guys, everybody hates the newcomers. What difference does it make anymore? No matter who gets in, half the population will be pissed.

Help us Obe Wan Kenobi. You are our last hope.

sandracam
Sandracam  (Level: 149.3 - Posts: 4190)
Mon, 29th Sep '08 3:56 PM

Lodi, aren't you being the wrong peanuts character?

eesusbejesus
Eesusbejesus  (Level: 75.0 - Posts: 3645)
Mon, 29th Sep '08 3:58 PM

Yes, but I already used Peppermint Patty and I feel like this picture right now.

sandracam
Sandracam  (Level: 149.3 - Posts: 4190)
Mon, 29th Sep '08 4:02 PM

"sigh" so do I

koota
Koota  (Level: 181.9 - Posts: 2104)
Mon, 29th Sep '08 6:56 PM

Argh. Sorry about the bad math. I didn't do the math before I passed it on. Ah well. I hope you got a good laugh anyway.

sargon
Sargon  (Level: 112.0 - Posts: 1256)
Mon, 29th Sep '08 9:32 PM

Now Congress is playing politics and I'll have to work another year before I retire. Any

sargon
Sargon  (Level: 112.0 - Posts: 1256)
Mon, 29th Sep '08 9:32 PM

Now Congress is playing politics and I'll have to work another year before I retire. Any bets on how low the market will go?

kaufman
Kaufman  (Level: 257.0 - Posts: 3936)
Mon, 29th Sep '08 10:19 PM

Fudy, the problem is, I really don't know who's worse: the Congresscritters who supported and authored the bailout, or those who blocked it. My hunch is we're up a creek either way, so whoever wins the vote ultimately will have to face our wrath, while the vanquished get to say I told you so. Right now, the bailout supporters are in the position of advantage.

okuome1
Okuome1  (Level: 33.0 - Posts: 89)
Tue, 30th Sep '08 12:18 AM

Math threw me outta medical school,.
What the hell...so did anatomy.
The middle parts I was GOOD!!!
Where's my brownie??



Pages:  1    



Copyright © 2003-2016 Sploofus Holdings LLC.  All rights reserved.
Legal Notice & Privacy Statement  |  Link to Sploofus