THE PLAN: BAIL OUT THE AMERICAN PEOPLE!

I'm against the $700,000,000,000 bailout of the architects of America's economic collapse.

Instead of rewarding the thieves and greed mongers, why not take a fraction of that amount, $225 billion dollars, and just once, give each American citizen over 18 years of age $1,000,000? To make the math simple, our population is about 300,000,000. About 25% of these are under eighteen leaving 225 million eligible recipients of this one time, "One Million Dollar Citizen's Dividend".

Of course, it would NOT be tax free. Assuming a 30% tax rate, every individual 18+ has to pay $300,000 in taxes. That sends $67,500,000,000 right back to Uncle Sam and saves the government 573 billion dollars over the current bailout plan.

What this means is that every adult 18+ has $700,000 in their pocket. A husband and wife has $1.4 million.

WHAT WOULD YOU DO WITH $700,000 TO $1,400,000 IN YOUR FAMILY?

Pay off your mortgage = housing crisis solved.

Repay college loans = what a great boost to new grads

Put away money for your kid's college = it'll be there

Save in a bank = create money to loan to entrepreneurs.

Buy new energy efficient cars = save the American automotive industry

Invest in the market = capital drives growth

Pay for your parent's medical insurance = health care improves

Start a new business = secure your children's financial future

Finally, give generously to the charity of your choice

If we're going to re-distribute wealth let's really do it...let's change lives for the better and in doing so, make our country and our economy stronger. If we're going to do a bailout, let's bail out every adult US Citizen 18+!

As for companies that caused this debacle? - liquidate them. Seize their assets. Sell off their parts. Sell off the real estate. Make them pay. Let the private sector bargain hunters cut it up and clean it up. As for the Federal Reserve, FEDERALIZE it! Take it out of the hands of the same private bankers that engineered this mess!

The one time, "One Million Dollar Citizen's Dividend" would do more to stimulate America's economy and improve every American life, than would continuing to line the pockets of the a@@holes who continue to rip us off. It's this simple. We deserve it and the greed-driven money changers don't.

IT IS TIME WE DEMAND OUR FAIR SHARE!

Forward this message to as many people as you can. E-mail a copy to your congressmen and State representatives in Washington D.C. - [and end]

Let's not be surprised, if the money makers of the Fed think this hyperinflation is a good idea too. Have Wall Street's managers gone back to Europe? - Url.: http://beirut.indymedia.org/en/2...6/05/ 4120.shtml

Yes, I like this idea but who wants to pay 700 dollars for a hamburger at McDonalds?

Um, isn't 225 billion / 225 million = 1000?

I'm afraid Biohazard has detected the single key flaw in your otherwise excellent plan, RUR.

Unless you were talking in British billions (one million million), not American billions (one thousand million) - but the bailout numbers are in American billions.

So British billions are 1000 X American billions?

No wonder they're doing so good!

Smart move!

Well fucking played.

That's what I think.

I still want to see 700 dollar hamburgers.

Not to mention that they already gave a big tax rebate this year to "stimulate the economy", and we can all see how successful that has been.

Ooooppsss! Its really 700 dollars! Enough for a new TV though...

quote:

Originally posted by Kradlum:
Not to mention that they already gave a big tax rebate this year to "stimulate the economy", and we can all see how successful that has been.

Yeah, Even I got a piece of that action ($900) and I haven't even lived in the US for the last 17 years.

Hello RUR,

I'm not American but I live in a country where "bail out plans" became "very popular" after 1980 (we had 8 of these in 20 years and the "bail out" values increased each time someone screwed economy).

I can tell you that everything they are showing as a "salvation" for economy and for the financial system is bullshit. Deep bullshit.

Before giving money away, government should recover money that was wrongly distributed. Like the US$5billion payed as "productivity prizes" to executives of broken banks.

Before transforming citizens in "semi-citizens" also known as "homeless people" government should use the goods/wealth of the people who lent money knowing that the customers (the people who borrowed the money) wouldn't be able to pay it back as warranty and refinance homes avoiding cumulative interest rates (interest over interest).

I think that if you lend money to someone you know that wont be able to pay, you take the risk in the business... if the customer defaults its your problem because you knew he would do that. I don't know how you call people who do this kind of business in USA but down here we call them "agiotas". And down here it's a crime.

What I have seem in the proposals is that they are aimed to save the asses of bad administrators/executives and corrupt authorities but, in the end, there will be lots of homeless people. Then society will pay twice: either it will be necessary to invest more money to bring the homeless people back to a normal and productive life or you will have to learn tolerate "favelas". Today, in USA you have slums. They're bad enough. But they're nothing close to a "favela". If they were police would need to use armored vehicles to enter there...

I think that the way of "salvation plans" is extremely negative. It creates addiction faster than crack: "well, I screwed people and national economy and walked away with my wealth multiplied by 10" is the kind of thought that crosses the minds of people who did the shit.

I beg pardon for the misuse of "borrow" and "lend". Usually I have only one verb (emprestar) for these two English verbs... (emprestar == lend) (tomar emprestado == borrow). I have to type fast and don't have time to ensure the text is OK... sorry...

This message has been edited. Last edited by: cb4(r2)3t0,

We need great public works. I think the Green Revolution will be it.

I would settle for building pyramids.

You know, Hadrian built his damn wall to keep the Legions occupied, not just to keep out them Limeys.

quote:

I would settle for building pyramids.

Not really.. Plus the only sort of Pyramid I can think of would be an Arcology

Green Revolution..? no way. You all have too many cars.

What America needs to start doing is building up some kind of export industry instead of relying on imports and administration to make their money. Bailing out the economy is stupid I agree, the money is probably going to be MORE needed when everyone is out of work. Bailing out the unemployed instead. Bush clearly don't remember what happened during the great depression.

We've had a couple shitstorms like this one in the past, around here. Banks start lending and giving credit cards to any biped that can sign a form, companies bend the market to their whims, government-conected insiders help grease the wheels, and then when the bills arrive, when the bonds evaporate a few skip town, maybe a low-level clerk goes to jail, millions end up in life-long debt and the government steps in. And years ago, after the banking system got 'nationalized' (after a quarrel between higher-ups and non-accomodating bankers), it was later privatized agin, sold back to the old owners at a loss. After taxpayers 'saved' those institutions. We're still paying for that.
Could be worse. You coud end up also as we did, chopping off three zeros to the currency, back in the 90s. And we're slowly creeping up back to the old prices, again.

quote:

Originally posted by UberDog:
You know, Hadrian built his damn wall to keep the Legions occupied, not just to keep out them Limeys.

Err... The wall was never intended to keep out "them Limeys", since "them Limeys" were on the inside.

Them Caledonians, right? Meh, it's only a tiny little island, they all look the same from the other side of the Atlantic.

Remember folks - money you're owed may as well be money you've got!

How do you say that in Chinese?

quote:

Originally posted by Mr_Cyberpunk:

What America needs to start doing is building up some kind of export industry instead of relying on imports and administration to make their money. Bailing out the economy is stupid I agree, the money is probably going to be MORE needed when everyone is out of work. Bailing out the unemployed instead. Bush clearly don't remember what happened during the great depression.

I agree with you. I think it is a shame to export jobs to China and India and other places where salaries are lame. Besides it is something stupid to export jobs to places that will use the money to support anti-American activities and "rogue" (I really hate this term) countries (anyways, countries governed by individuals that support terrorism, drugs traffic and crimes against humanity like slave work and things like that).

I think that using money to avoid the decadence of public education is far more important than doing that to save the ass of bad executives.

But now that they decided that saving the ass of executives is the best thing to do at the moment, US citizens and residents will face some nasty consequences. In such situation (government giving away lots of money) either inflation raises (that's bad news) and/or economy stales (recession). Not to mention that market gets addicted to government salvation plans.