Recived an e mail from a friend of mine about an AIG bailout plan called The Birk Plan, We Deserve it Dividend.
The Birk Plan says-
While our population is approx 301,000,000 assume there are 200,000,000 bonafide American Citizens 18+.
AIG Bailout is $85 billion divided by 200,000,000 18 and up citizens =
$425,000 for each citizen 18+
Assume a 30% tax, that would send $25,500,000,000 back to the US.
Now each 18+ citizen would have $297,500 with a husband and wife $595,000 that can be spent for mortgage pay off, investment, college expenses, stimulate the economy, compare that to a $1000 rebate, etc. , etc., etc.
These monies would help those who have lost their jobs from companies cutting back and our Armed Forces.
How about AIG-
Sell off it's 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.
The Birk Plan would really cost the government 59.5 billion as they would get $25.5 billion in taxes.
Sounds like a good plan to me, but then again, the only thing i know about economics is supply and demand.
Sounds too simple for a politican to understand. Must be some hitch?
What say you?