Birk Economics – Makes sense
I don’t know this Birk guy, but I sure like his logic… Something for the
Capitalists. Something for the “Spread the wealth Socialists.” Makes sense to me!
The Birk Economic Recovery Plan
Hi, Pals!
I’m against the $85,000,000,000.00 bailout of AIG.
Instead, Im in favor of giving $85,000,000,000 to America in
a We Deserve It Dividend.
To make the math simple, lets 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 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 lets 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 itll 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 parents 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 were going to re-distribute wealth lets 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 were going to do an $85 billion bailout, lets 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 doesnt.
Sure, its 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.
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 its either good for a laugh, or
a tear.
But in any event is a very sobering thought on how to best use $85 Billion!!
Tags: aig, bailout, banks, billon, birk, capitalists, car, cars, college loans, creating, dads, dividend, economic incentive, economic recovery plan, economics, generators, go, goodness, grads, husband and wife, ideas, insurance, insurance health, man lehman brothers, marketers, medical insurance, money, pals, parents, population, socialists, stab, tax rate, uncle sam, woman and child
September 27th, 2008 at 6:49 pm
Linda! Linda! Linda!
Hey! Why not?
T.J. is just the kind of out-of-the-box thinker we need around here!
Hey, I hope I didn’t put any words in your mouth at my 9/25 post. But I did think it was a reasonable example of our need to work together.
Hope all’s going well with your recovery down there!
Brads last blog post..Inhale! Now Exhale! Hold It! Now, Off To The Carwash!
September 27th, 2008 at 7:12 pm
Wicked awesome idea!! I’m game
Signes last blog post..Holiday Recipes!
September 27th, 2008 at 9:28 pm
Hi ya Brad … I just love his common sense thinking!
Hi Signe … Yep! I am sure alot of us are!
September 28th, 2008 at 11:23 am
I sooo agree! I love to imagine a government run with common sense…..ahhhhhhhh…..just imagine
September 28th, 2008 at 1:00 pm
After you sent it to me last night, I ran to our blog to post it, too! Not only that, consider Birk is only talking about 85 of the 700 billion proposed! It’s high time the greedy started to figure out that without us little peons they get ZIP. We have to have money to spend money on their crap. Oh, getting all riled up again because this is the BEST IDEA I’ve ever heard!
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September 28th, 2008 at 11:00 pm
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September 29th, 2008 at 1:36 am
Hi Linda – I just read this today. It actually makes sense, unfortunately it’ll never happen.
Barbara Swaffords last blog post..Strike While The Iron Is Hot
September 29th, 2008 at 4:07 am
WoW, this is a very interesting post indeed, Linda.
By the way, do you want to hold a petition for this Birk Economics issue?
wilsons last blog post..Too Much of Ice Cream Will Award You a Gift – Migraine!
September 29th, 2008 at 7:00 am
Hi Kim … whoa! that would be scary!
Hi Diane … Let’s spread the word on this and maybe someone will pay attention!
Hi Betty … thanks
Hi Barbara … We can hope!
Hi Wilson … have not thought about a petition! Not a bad idea!
September 29th, 2008 at 6:07 pm
Hi Linda,
T.J sure needs to go to D.C. and teach them something! Why can’t they just KISS (keep it simple
stupid). That would make too much since…
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July 5th, 2009 at 3:47 pm
I don’t mean to burst your bubble, but $85 billion divided by 200 million people is $425. Not $425,000. To give everyone $425,000, you would need to spend $85 TRILLION. Now figure out what your tax rate would be to pay for that. Your tax rate would need to increase by approximately a factor of 6 to 8 times current values. So if you are currently in a 30% tax bracket, your new tax bracket will be 180% of what you make, or more.
I think you should stay well away from economics. Unfortunately, we have politicians that believe in these fantasies, and they are completely capable of destroying the world financially.
July 5th, 2009 at 9:32 pm
Hi Leopold …. You are correct on the math. I concur with most of everything you say, except your boisterous comment that I should stay well away from economics. No worries there, Leopold, as I have no dealings with economics as a field except for balancing my own checkbook. And if you really don’t mind, I will keep doing that.
BTW, politicians have already destroyed this economy. Where have you been?
July 30th, 2009 at 8:02 am
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