I'm against the $85,000,000,000.00 bailout of AIG. Instead, I'm in favor of giving $85,000,000,000 to all Americans as a '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 billion that equals a hefty '$425,000.00'.
My plan is to give $425,000 to every person 18+ as a '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 $25.5 Billion right back to Uncle Sam. But it means that every adult 18+ has $297,500.00 in their pocket. A husband and wife have $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 - 'a great boost to new grads'. Put away money for college - 'it'll be there' Save it 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'. Remember this is for every adult U S Citizen 18+ including the folks who lost their jobs at Lehman Brothers and every other company. If we're going to re-distribute wealth let's really do it...instead of trickling down. 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 and Sell off its parts. 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', we were not invited to the last 10 years of 'party time' bonuses And remember, The this plan only really costs $59.5 Billion because $25.5 Billion is returned instantly in taxes to Uncle Sam.
-anonymous email
received and posted by Jeff Avitabile
This is a funny email, makes me want to do the math on the 700 Billion!!!
Friday, September 26, 2008
Have You Had Enough?
Bailouts, Bailouts, Bailouts, or should I say WMD’s, WMD’s, WMD’s. Or how about Patriot Act, Patriot Act, Patriot Act. We’re seeing it over and over again people. More fear mongering from our fearless leaders in order to frighten us into giving them what they want unchecked. They used fear of WMD’s in order to start an unconstitutional war in Iraq; they used fear of terrorism to take away our civil liberties and now they are using fear of a financial meltdown to procure new bailouts by using taxpayer funds. The new bailout in the neighborhood, if you haven’t already heard, also happens to be the largest bailout in U.S history. It’s called TARP, short for Troubled Asset Relief Program which treasury secretary, Henry Paulson proposed as a way for government to take debased mortgages off the loans of our nations “corrupt” institutions. Not to mention, if passed it's going to cost you and me about $2,500 each, and that's not including the multibillion bailouts of the last few weeks. More bailouts are sure to come. I don’t know about you, but I’m tired of this shit! I can’t afford to pay for these assholes mistakes over and over again, can you? (So much for the administrations so called "stimulus package". You know, the one released a few months ago in which we each received a check for $600 on average. I guess that was just a loan with an interest rate of about 24% attached to it. A lot of good it did for the economy. I work for a fortune 500 billion dollar company and can damn well tell you that if I made a mistake that cost the business even the tiniest fraction of money that these MORONS are losing, I wouldn’t be rewarded for it. I’d be out on my ass before I realized what happened. I apologize for the language, but that’s what happens when people try and scare me. I get pissed off! Imagine yourself back in grade school and the class bully says “Give me your lunch money, it’s for your own good.” What would you do? Give him the money so he can get wealthy. Hell no, you beat the shit out of the bully (or hire a bigger bully to do it for you)! Same situation people, we are Americans and we don’t take that kind of shit from anybody. So why are we taking it now? If you haven’t already done so, read the passage by Charley Reese called The 545 people responsible for all U.S woes. It’s a brief must read for all of us. It’s time to take care of the bully!!
In short, if the establishment has taught me anything, it’s that it does a great job of scaring you and me into submission. If fear is the only thing that moves you to action, than that’s what I’ll use as my tool. More rants to come soon, prepare to be scared shitless!
--Charlie Mullen
In short, if the establishment has taught me anything, it’s that it does a great job of scaring you and me into submission. If fear is the only thing that moves you to action, than that’s what I’ll use as my tool. More rants to come soon, prepare to be scared shitless!
--Charlie Mullen
Tuesday, September 23, 2008
Who will Bail Us out?
by Jeff Avitabile
The economic events of the last couple days should be understood by every American. Our money, our liberties and our well being are all at stake. Unfortunately, our major media outlets are not reporting both sides of the story. Recent polls have shown the vast majority of Americas are against bailing out Wall Street, but to listen to most commentators this bail-out "must be done". The standard reasons are being shouted from every pundit, "if they don't bail them out it will lead to a greater collapse, that will cause more harm." No one seems to know where they are getting the Trillions of dollars they are committing, and no one seems to care. I bet if people understood that the money comes from the purchasing power of our dollars, they would make it a point of becoming more informed. And if most realized that the money they are giving up through inflation, goes directly to the pockets of the bankers that caused the problem, there would be revolution. We are seeing the largest heist in the history of the world, and being told that giving up this money is in our best interest. Only a knowlagable citizenry is capable of ending this scam. It's a shame that we have been through this before in our history and have been warned. Do yourself and your family a favor and learn about fractional-reserve banking, and the Federal Reserve System. FYI, the Federal Reserve is the 4th Central bank the US has had, all the previous ones were disbanded. We as a people need to get informed or we will suffer from our own ignorance. Here are some quotes that have come to mind in the last few days.
"I have faith in the people...The danger is, in their being misled. Let them know the truth and the country is safe."
- A. Lincoln
"If a nation expects to be ignorant and free, it expects what never was and never will be. . . . The people cannot be safe without information. Where the press is free, and every man able to read, all is safe."
-Thomas Jefferson
“If the American people ever allow the banks to control the issuance of their currency... the banks and corporations that will grow up around them will deprive the people of all property, until their children wake up homeless on the continent their fathers conquered.”
-Thomas Jefferson
"It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning."
- Henry Ford
"One of the penalties for refusing to participate in politics is that you end up being governed by your inferiors"
-Plato
“A Nation of sheep will beget a government of wolves.”
- Edward R. Murrow
“None are more hopelessly enslaved than those who falsely believe they are free.”
-Johann Wolfgang von Goethe
The economic events of the last couple days should be understood by every American. Our money, our liberties and our well being are all at stake. Unfortunately, our major media outlets are not reporting both sides of the story. Recent polls have shown the vast majority of Americas are against bailing out Wall Street, but to listen to most commentators this bail-out "must be done". The standard reasons are being shouted from every pundit, "if they don't bail them out it will lead to a greater collapse, that will cause more harm." No one seems to know where they are getting the Trillions of dollars they are committing, and no one seems to care. I bet if people understood that the money comes from the purchasing power of our dollars, they would make it a point of becoming more informed. And if most realized that the money they are giving up through inflation, goes directly to the pockets of the bankers that caused the problem, there would be revolution. We are seeing the largest heist in the history of the world, and being told that giving up this money is in our best interest. Only a knowlagable citizenry is capable of ending this scam. It's a shame that we have been through this before in our history and have been warned. Do yourself and your family a favor and learn about fractional-reserve banking, and the Federal Reserve System. FYI, the Federal Reserve is the 4th Central bank the US has had, all the previous ones were disbanded. We as a people need to get informed or we will suffer from our own ignorance. Here are some quotes that have come to mind in the last few days.
"I have faith in the people...The danger is, in their being misled. Let them know the truth and the country is safe."
- A. Lincoln
"If a nation expects to be ignorant and free, it expects what never was and never will be. . . . The people cannot be safe without information. Where the press is free, and every man able to read, all is safe."
-Thomas Jefferson
“If the American people ever allow the banks to control the issuance of their currency... the banks and corporations that will grow up around them will deprive the people of all property, until their children wake up homeless on the continent their fathers conquered.”
-Thomas Jefferson
"It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning."
- Henry Ford
"One of the penalties for refusing to participate in politics is that you end up being governed by your inferiors"
-Plato
“A Nation of sheep will beget a government of wolves.”
- Edward R. Murrow
“None are more hopelessly enslaved than those who falsely believe they are free.”
-Johann Wolfgang von Goethe
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