Very unsettling times!
- Thread starter cyberbeer65
- Start date
So everyone wants the government to step in and protect their investments and create stablity in the market, but want a free market?
Sure these guys made millions, but they also created a market for growth and allowed us to live the ways we do.
So we could have a witch hunt on the CEOs, CFOs, and companies in the market. Or we could try to fix the situation to insure the credit market.
Not sure everyone here realizes what this market brings to their lives. Want to go to college? Student loans, my wife has friends who have been granted student loans, and the check they are depending on to pay living expenses isn't showing up. Need a new roof on the house? Save your pennies. Water heater goes out? Use what little retirement savings that survived. Your business needs a new computer or need to order product? COD. Think you can take out a home equity line of credit to pay for the new kitchen cabinets? Try it, or go try to get financed at a furniture store.
There are already car dealerships closing due to no sales since people are not qualifing for a car note and markets such as home improvement are also feeling it. I had to pick up a part time job since I couldn't get banks to give people mortgages, even though they qualified for FHA loans and had a FICO of 600+.
If some of these companies stick around, how eager think they will be to give money to you or I? Once bitten...
One step closer to socialism? Maybe. But it is atleast a step toward trying to save the credit market. Or like I said, we could witch hunt, and start from scratch, maybe our childern/grandchildren will be able to buy a house in their lifetime (after all, its going to be hard to build up your credit when no one will give you some, sorry all you in high school now, better learn a trade (car mechanic! Since there will be less new cars on the road), or save some allowence for college, cause your folks won't be able to take equity out there home to pay for it).
Sure these guys made millions, but they also created a market for growth and allowed us to live the ways we do.
So we could have a witch hunt on the CEOs, CFOs, and companies in the market. Or we could try to fix the situation to insure the credit market.
Not sure everyone here realizes what this market brings to their lives. Want to go to college? Student loans, my wife has friends who have been granted student loans, and the check they are depending on to pay living expenses isn't showing up. Need a new roof on the house? Save your pennies. Water heater goes out? Use what little retirement savings that survived. Your business needs a new computer or need to order product? COD. Think you can take out a home equity line of credit to pay for the new kitchen cabinets? Try it, or go try to get financed at a furniture store.
There are already car dealerships closing due to no sales since people are not qualifing for a car note and markets such as home improvement are also feeling it. I had to pick up a part time job since I couldn't get banks to give people mortgages, even though they qualified for FHA loans and had a FICO of 600+.
If some of these companies stick around, how eager think they will be to give money to you or I? Once bitten...
One step closer to socialism? Maybe. But it is atleast a step toward trying to save the credit market. Or like I said, we could witch hunt, and start from scratch, maybe our childern/grandchildren will be able to buy a house in their lifetime (after all, its going to be hard to build up your credit when no one will give you some, sorry all you in high school now, better learn a trade (car mechanic! Since there will be less new cars on the road), or save some allowence for college, cause your folks won't be able to take equity out there home to pay for it).
I'm not sure where this came from, but it sounds good to me...
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 $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.
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 – health care improves
Enable Deadbeat Dads to come clean – or else
Remember this is for every adult U S Citizen 18+ including the folks
who lost their jobs at Lehman Brothers 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 $1000.00 ( “vote buy” ) economic incentive that is being proposed by one of our 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 “never work.”
But can you imagine the Coast-To-Coast Block Party!
How do you spell Economic Boom?
I trust my fellow adult Americans to know how to use the $85 Billion
We Deserve It Dividend more than I do the geniuses at AIG or in Washington DC .
And remember, The Birk plan only really costs $59.5 Billion because $25.5 Billion is returned
instantly in taxes to Uncle Sam.
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 $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.
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 – health care improves
Enable Deadbeat Dads to come clean – or else
Remember this is for every adult U S Citizen 18+ including the folks
who lost their jobs at Lehman Brothers 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 $1000.00 ( “vote buy” ) economic incentive that is being proposed by one of our 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 “never work.”
But can you imagine the Coast-To-Coast Block Party!
How do you spell Economic Boom?
I trust my fellow adult Americans to know how to use the $85 Billion
We Deserve It Dividend more than I do the geniuses at AIG or in Washington DC .
And remember, The Birk plan only really costs $59.5 Billion because $25.5 Billion is returned
instantly in taxes to Uncle Sam.
Your math is flawed badly. Use a calculator. This is a bunk internet rumor. It comes out to $425 each.
I've seen that before....that must be some fancy math in there. 200 million adults into $85 billion works out to $425 per person...not $425k. Someone slipped a decimal point..or three.
edit: ninja'd by HN
edit: ninja'd by HN
