My twenty-something son sent this to me in an email this week. He had received it from his girlfriend, who had received it from a host of other twenty-something professionals. It was written during the AIG "bail-out" and really wouldn't it just be too practical! lol! -
I am watching the vote and the market as I type and just shaking my head. I am NOT a fan of the "bail-out".
The bailout is a scam. This problem started by a federal law, requiring banks to lend to people with less than acceptable credit and income, in 1977. The federal government increased the stakes in 1995 by foisting more bad lending practices on banks.
Bush and Mc Cain tried to warn us of this crisis, years ago. Today, we're trying to cover up the scam perpetuated on poor people. Carter, ACORN, and Clinton should be held responsible for wiping out the middle class.
|09/28/2008 10:45 PM||by America's #1 Mortgage Broker|
Here is the Plan -
Subject: 85 Billion Humor or Better Plan ?
I vote for this!!! Sign me up!!
MAN THIS WOULD BE A GREAT PLAN!!! :)
> Who said economics had to be complicated and more than non-economists
> understand ?
> 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 billon that equals
> My plan is to give $425,0 00 to every person 18+ as a
> We Deserve It Dividend.
> Of course, it would NOT be tax free.
> So let's assu me 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_ (http://ragingbull.q
> uote.com/mboard/boards.cgi?board=JOKES&read=64700) - health care
> Enable Deadbeat Dads to come clean or else
> Remember this is for every adult U S Citizen 18+ including the fol ks
> who lost their jobs at Lehman Brothers and every other compan y
> that is cutting back. And of course, for those serving in our Armed
> If we're going to re-distribute wealth let's really do it...instead
> trickling out
> a puny $1000.00 economic incentive that is being proposed by one of
> 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 work.
> But can you imagine the Coast-To-Coast Block Party!
> How do you s pell 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
> And remember, The Family pla n only really costs $59.5 Billion
> Billion is returned instantly in taxes to Uncle Sam.
> Ahhh...I feel so much better getting that off my chest.
Hope you all have a great Real Estate Week!!
Author:Jo SossJo Soss is the designated Broker and the owner of Homefront Realty in Bremerton Washington. Selling real estate in the greater Puget Sound area since 1994 she has vast knowledge in all aspects of a real estate transaction. Using today's technology with her signature personal service allows her to achieve complete customer satisfaction.
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