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Cellular Phone Forum / Providers / ATT Wireless / September 2008My plan is to give $425,000 to every person 18+ as a 'We Deserve It Dividend'.
I just received this thought provoking email from my CPA. Subject: Fw: why not do it this 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 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 Family plan only really costs $59.5 Billion because $25.5 Billion is returned instantly in taxes to Uncle Sam. Talk about a stimulus package! Ahhh...I feel so much better getting that off my chest. Kindest personal regards, , A Creative Guy & Citizen of the Republic PS: Feel free to pass this along to your pals as it's either good for a laugh or a tear or a very sobering thought on how to best use $85 Billion!! > 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. Really? Those same Americans who bought twice the house they could afford with an interest-only ARM and now don't have the money to pay the balloon or the ability to restructure the debt into something they can afford? And _I'm_ the bleeding heart liberal here! Who'd have thunk it? BTW-200 million adults dividing $85 billion is $425 each, not $425,000. I suspect your math wizard CPA might be part of the problem, rather than the solution... >> 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 [quoted text clipped - 3 lines] > with an interest-only ARM and now don't have the money to pay the balloon > or the ability to restructure the debt into something they can afford? The bank can foreclose on the property, or it can get its money from whoever insured the load, since obviously private mortgage insurance (PMI) was required on the loans they granted. Oh wait, the bank _knew_ when they bought the loan, that the borrower would be unlikely to be able to pay once the interest rate adjusted up, and the bank _knew_ that the properties were way over-valued due to speculation, and the bank _knew_ that their Republican buddies that created the whole economic mess to begin with would find a way to bail them out, as long as the whole thing came to a head before Obama is elected. I think we should take the bailout money and buy everyone a Nokia tablet and a bicycle. >>> 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 [quoted text clipped - 19 lines] > I think we should take the bailout money and buy everyone a Nokia tablet > and a bicycle. I believe the legislation that encouraged these loans for folks that couldn't afford them, occurred during the Clinton administration. I love how you libs rewrite history >>>> 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 [quoted text clipped - 19 lines] >> I think we should take the bailout money and buy everyone a Nokia tablet >> and a bicycle. >I believe the legislation that encouraged these loans for folks that >couldn't afford them, occurred during the Clinton administration. I love how >you libs rewrite history I love how you right wingers constantly lie. Please state chapter and verse the legislation that encouraged the subprime loans. Put up or shut up! >>>>> 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 [quoted text clipped - 33 lines] > > Put up or shut up! Here's a nice little youtube that sums it up pretty nicely, and you can Google whatever you like for the particulars: http://www.youtube.com/watch?v=H5tZc8oH--o >>>>>> 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 [quoted text clipped - 33 lines] >> >> Put up or shut up! >Here's a nice little youtube that sums it up pretty nicely, and you can >Google whatever you like for the particulars: >http://www.youtube.com/watch?v=H5tZc8oH--o Try something outside your right wing sources. http://en.wikipedia.org/wiki/Community_Reinvestment_Act Criticism Some economists have claimed that the CRA encouraged risky lending[11][12] and contributed to the development of the subprime debacle.[citation needed] However, this is disputed, as Robert Gordon has pointed out that approximately half of the loans were made by independent mortgage companies that were not regulated by the CRA, and thus had no government obligation to offer credit to minorities. In the later part of the crisis, these mortgage companies made subprime loans at twice the rate of CRA banks. Another third of the major subprime lenders were regulated, but had very little CRA involvement.[13][14] Gordon also makes the argument that the weakening of the CRA in 2004 was followed by intensified subprime lending.[13] Congressman and 2008 Republican presidential candidate Ron Paul has partially attributed the ongoing subprime mortgage crisis to legislation such as the CRA.[15] Economist Stan Liebowitz has also expressed his opinion that banks were forced to loan to un-credit worthy consumers with "no verification of income or assets; little consideration of the applicant's ability to make payments; no down payment." However, the chief executive of Countrywide Financial, the nation's largest mortgage lender, is said to have "bragged" that to approve minority applications "lenders have had to stretch the rules a bit", suggesting that Countrywide was responsible for relaxing its standards rather than the other way around.[16] Ellen Seidman, the former director of the US Office of Thrift Supervision,[1] has stated her belief that the CRA did not have an effect on the United States housing bubble. She observes that CRA banks were particularly warned to make responsible investments, citing a speech by herself as an example.[2] She notes that if unregulated independent mortgage companies do make subprime loans, affiliated CRA banks should not be able to count them for CRA purposes, although she does not indicate whether this practice currently occurs. An analysis by attorneys Traiger and Hinckley concluded that CRA banks were less likely to sell risky mortgages onto the secondary market, and likely mitigated the effect of the subprime crisis.[17] >>>>>>> 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 [quoted text clipped - 81 lines] > likely to sell risky mortgages onto the secondary market, and likely > mitigated the effect of the subprime crisis.[17] FWIW, I get my info from a wealth of sources, but I'll admit, I wasn't aware that youtube was "right wing" >>>>>>>> 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 [quoted text clipped - 81 lines] >> likely to sell risky mortgages onto the secondary market, and likely >> mitigated the effect of the subprime crisis.[17] >FWIW, I get my info from a wealth of sources, but I'll admit, I wasn't aware >that youtube was "right wing" You stupid f.ck. Youtube is only the information carrier. I was refering the your idiot in front of the camera. You can't possibly be this stupid. >>>>>>>>> I trust my fellow adult Americans to know how to use the $85 >>>>>>>>> Billion [quoted text clipped - 94 lines] > > You can't possibly be this stupid. The guy in front of the camera was also citing info from many sources. Why is it that when you liberals have nothing intelligent to say, you swear and call names? > I believe the legislation that encouraged these loans for folks that > couldn't afford them, occurred during the Clinton administration. I love how > you libs rewrite history And I love when conservatives drop that whole "personal responsibility" mantra whenever it suits them. >> I believe the legislation that encouraged these loans for folks that >> couldn't afford them, occurred during the Clinton administration. I love >how >> you libs rewrite history >And I love when conservatives drop that whole "personal responsibility" >mantra whenever it suits them. I didn't think the republicans would bring full trillion dollar deficits for another ten years. We're going to see it this year. Nice going. The federal govt. will be completely bankrupt in five years if we get another republican administration. >>> I believe the legislation that encouraged these loans for folks that >>> couldn't afford them, occurred during the Clinton administration. I love [quoted text clipped - 9 lines] > Nice going. The federal govt. will be completely bankrupt in five > years if we get another republican administration. True enough, however It won't matter which party is in power > BTW-200 million adults dividing $85 billion is $425 each, not $425,000. I > suspect your math wizard CPA might be part of the problem, rather than the > solution... The American definition of a billion is a thousand million. As Todd correctly points out, $85 billion divided by 200 million is $425. More than that was already paid out in the "economic stimulus package" last spring, although my income was high enough that I did not get it. The British definition of a billion is what Americans call a trillion; that is, a million million. Is Vic British? -- Mark -- http://panda.com/mrc Democracy is two wolves and a sheep deciding what to eat for lunch. Liberty is a well-armed sheep contesting the vote. > The British definition of a billion is what Americans call a trillion; > that is, a million million. While you are in theory correct, these days if you hear a British person say "billion" they probably mean the American version. > I just received this thought provoking email from my CPA. > > Subject: Fw: why not do it this way????? > > I'm against the $85,000,000,000.00 bailout of AIG. <---------85 Trillion missing a set of 3 zeros > Instead, I'm in favor of giving $85,000,000,000 to America in a 'We <------85 Trillion missing a set of 3 zeros> Deserve It Dividend'. No one noticed this but me, and the point still stands "give $425,000 to every person 18+ as a 'We Deserve It Dividend'.". For those who are Google challenged ... http://www.google.com/search?hl=en&rlz=1C1CHMP_enUS291&q=trillion+dollar+bailout &btnG=Search > > I just received this thought provoking email from my CPA. > > [quoted text clipped - 8 lines] > > For those who are Google challenged ... http://www.google.com/search?hl=en&rlz=1C1CHMP_enUS291&q=trillion+dollar+bai lout&btnG=Search How does the $700 billion bailout might really cost a trillion" get you to " $85 trillion"? Read the email again, Vic, but more slowly: "I'm against the $85,000,000,000.00 BAILOUT OF AIG" (emphasis mine.) The original "email from your CPA" discussed the $85 billion bailout of ONE company: insurance giant A.I.G., not the $700 billion projected total bailout cost: <http://www.nytimes.com/2008/09/17/business/17insure.html?_r=1&hp&oref=slogi n> Even if we expand your bullsh*t "CPA" email to include the full bailout cost rounded up to a trillion, that's still $5000 a person, not "$425,000." So, in short, you still need a new CPA. ...So, are the numbers in all of your iPhone sales posts inflated by a similar factor of 1000, Vic? > ...So, are the numbers in all of your iPhone sales posts inflated by a > similar factor of 1000, Vic? Vic spins more than my Labrador Retriever waiting for me to throw a ball. iPhone has flopped in Japan, yet he posts a bunch of nonsense mostly consisting of "no that's not so" and "other Japanese phones aren't any good so everybody in Japan loves iPhone." Apple is cutting production of iPhone -- a sure sign of faltering sales -- yet he claims that this is somehow proof of success. The fad is over. -- Mark -- http://panda.com/mrc Democracy is two wolves and a sheep deciding what to eat for lunch. Liberty is a well-armed sheep contesting the vote. In alt.cellular.cingular Todd Allcock <elecconnec@anoospaml.com> wrote: ... >> > Instead, I'm in favor of giving $85,000,000,000 to America in a 'We <--- > ---85 Trillion missing a set of 3 zeros> Deserve It Dividend'. ... > How does the $700 billion bailout might really cost a trillion" get you to " > $85 trillion"? ... > Even if we expand your bullsh*t "CPA" email to include the full bailout > cost rounded up to a trillion, that's still $5000 a person, not "$425,000." > So, in short, you still need a new CPA. > > ...So, are the numbers in all of your iPhone sales posts inflated by a > similar factor of 1000, Vic? He's either completely fat fingered the numbers because of that sh.t "keyboard" they include on the iPhone or along with all the other deficiencies Apple can't even make a device that knows how to do math either. Third theory is that he's a complete kook and I think that's a theory already proven. I think the guy is such a kook he seems to have even driven Navass out of the group, I'm not sure which is worse though. |
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