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Santelli Tea Party

CNBC’s Rick Santelli leads the trader mortgage revolt. Would you want to join his “Tea Party?”


Would you join the Chicago Tea Party? Click to vote!

The World Responds to Santelli’s rant!

No AIG Bailout!

This is circulating the email highway and I thought it interesting. What do you think? And what about the bailouts of the rest of the financial world coming our way?

 

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 the 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 m y 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. An interesting idea

 

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