Interesting,

Since most cannot concieve how much a billion dollars really is, and since the government wants to through $700B down the toilet with the democrats blessing to bail out wallstreet bankers, I thought this might make it more clear for the average tax payer.  We can only assume from what we read that each taxpayer will be burdened by $10,000.00 put on their shoulders with this proposed bail out, so look at this solution and think about it as I was discussing more logical solutions with other concerned citizens.

As I was telling you the other day, no one understands just how much a billion is?

Here is an example what $700 Billion would do!! Here is an interesting approach:

I am totally against the most recent $85,000,000,000.00 bailout of AIG. Instead, I am in favor of giving $85,000,000,000 to all Americans, not illegal immigrants, in the form of a  'We Deserve It Dividend', or even simply eliminate IRS and income taxes and divide the equivalent among those equally, and this is how it would all work out.   

To make the math simple, let’s assume there are 200,000,000 bona fide 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 working age adults 18 and up.. So divide 200 million adults 18+ into $85 billion and that equals $425,000.00 each.  

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 this would compensate for eliminating current IRS rip off system. So let’s assume a new windfall tax rate of 30%, similar to capital gains tax now in place. 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.   Would this be enough to pay off all our mortgages, or certainly make the payments on them with ease.  Would this not infuse the economy and end the recession?  What would you do with this money?  I hope this makes it more simple to understand why bail out is not the answer, unless it is the American consumer being bailed out.

Say no to bail out.

Hi Mike

I like your idea on this.  Sounds alot better than giving them the money. 

I could sure use $297,500.00 in my pocket. I could pay off my home, buy a new car, and lay back.

Yea, I like that idea.

thanks Mike for coming by and posting

Why isn't anyone harping on the fact that Joe Biden had 2 brain aneurysms and brain surgery?  And he says stupid things everday, like recently he said FDR went on TV after the 1929 market crash...

Hi Kathleen

I agree with you.  You really don't hear anyone really talking about Joe Biden, but they are trying to do a number on Sarah Palin. 

I think the more they talk about her, the more people will vote for her.  I think this is hurting The Obama Camp more than they know adn realize.

I've thought the same thing about Hollywood, I believe it's hurting Obama more than it's helping him.

And I also agree with you about Bill Clinton.  I really think he wants McCain/Palin to get this election. I don't doubt they/the clintons vote for McCain.

I really don't think those polls are really that close either.