Too simple???????

[justplugit]

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?

[buckman]

That's more then or at least equal to the taxes paid in a lifetime. How about we just live tax free for the rest of our lifes? That should stimulate the economy.

[justplugit]

Originally Posted by buckman

That's more then or at least equal to the taxes paid in a lifetime. How about we just live tax free for the rest of our lifes? That should stimulate the economy.

LOL Now THAT's a simple plan.

[likwid]

Reality says, no 30% tax, 240 million adults, $345 per person. YAY!

Did you believe the 2.9 million one too?

[The Dad Fisherman]

Both Birk and your buddy need to take theirs and invest in Public Education....and then go back to school.

[justplugit]

Originally Posted by justplugit

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?

As stated above i was looking for input as to the feasability of the plan.

No need for snide remarks, , just looking to learn.

[likwid]

Originally Posted by justplugit

AIG Bailout is $85 billion divided by 200,000,000 18 and up citizens =

$425,000 for each citizen 18+

For it to be $425,000 pp18+ the bailout would have to be $85 trillion, not billion.

[justplugit]

Originally Posted by likwid

For it to be $425,000 pp18+ the bailout would have to be $85 trillion, not billion.

Thanks, i didn't check the figures before posting.

Where can ya get a calculator that tabulates that high.