>>Fully realizing that I don't understand our economic system,
True.
>> this guy should be up for the Nobel Prize in Economics.........and I couldn't agree more with his idea*
Apparently, you do not understand math either.
$85B/200M is $425 per person.
It is disturbing that so many people can't do simple math.
I doubt he could get that one past the Nobel Committee.
Stick to giving us slanted history lessons.
ij
* 'Success means having the courage, determination, and the will to become the person you believe you were meant to be.' Subject: The Birk Economic Recovery Plan
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 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 adults 18 and up..
So divide 200 million adults 18+ into $85 billion 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 let's 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. |