#U.S. Economy
Target:
Federal Government
Region:
United States of America

I am against bailing out for example the auto industry when no matter how much money the government gives to the auto industry... I still can not afford a new car!

I'm against the BILLION dollar bailout. Instead, I'm in favor of giving those billions to America people in a "We Deserve It" dividend. Even if it meant payments spread out over 5 years or so! To make the math simple, let's assume there are 200,000,000 bona fide U.S. citizens, aged 18+.

Our population is about 301 million counting every man, woman and child. So, 200,000,000 might be a fair stab at adults 18 and up. Now, divide 200 million, 18+ adults into $85 billion - that equals $425,000.00 each! Yes, my plan is to give that $425,000 to every adult as a "We Deserve It" dividend.

Of course, it would NOT be tax free. So, let's assume a tax rate of 30%. Everyone would pay $127,500.00 in taxes. That sends $25.5 billion right back to Uncle Sam! It also means that every adult 18+ has $297,500.00 in their pocket. A husband and wife would have $595,000.00!

What would you do with $297,500.00 to $595,000.00?
* Pay off your mortgage - housing crisis solved.
* Repay college loans - what a great boost to new grads.
* Put away money for college - it'll really 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 - health care improves.
* Enable deadbeat parents to come clean - or else.

Remember this is for every adult U.S. citizen, 18 and older (including the folks who lost their jobs with all the companies folding right now and every other company that is cutting back) and of course, for those serving in our Armed Forces.

If we're going to re-distribute wealth let's really do it! Instead of trickling out a puny $1,000.00 “economic incentive".

If we're going to do an $85 billion bailout, let's bail out every adult U.S. citizen!

As for the bank industry, auto industry and all the others WE are bailing out:
* 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.

And remember, this plan only really costs $59.5 billion because $25.5 billion is returned instantly in taxes to Uncle Sam. Good idea? I think so. If you do too, please print your name on the following petition.

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The BAIL OUT PLAN petition to Federal Government was written by Jorja Lee Cherowahya and is in the category National Affairs at GoPetition.

Petition Tags

Bail-Out