smoke03 Posted September 29, 2008 Report Share Posted September 29, 2008 Well, the bail out bill failed and the stock market dropped 780 points today? Whats going happen to the economy now? How is this going to effect us? Whats going to happen to the housing market now? Any body got any ideas? Quote Link to comment Share on other sites More sharing options...
CoolBlueSS Posted September 29, 2008 Report Share Posted September 29, 2008 Dave Quote Link to comment Share on other sites More sharing options...
smoke03 Posted September 29, 2008 Author Report Share Posted September 29, 2008 Ive always liked Mr. Ramsey. Always thought he new what he was talking about. Quote Link to comment Share on other sites More sharing options...
CoolBlueSS Posted September 29, 2008 Report Share Posted September 29, 2008 I'm following his debt elimination plan for a while, and it works. I'm a big fan of his. Quote Link to comment Share on other sites More sharing options...
W2W402 Posted September 29, 2008 Report Share Posted September 29, 2008 I just opened this email and think it really puts things into perspective on where our governments heads are at... 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 bona fide 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 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 - 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 plan only really costs $59.5 Billion because $25.5 Billion is returned instantly in taxes to Uncle Sam. Ahhh...I feel so much better getting that off my chest. Quote Link to comment Share on other sites More sharing options...
zbishop80 Posted September 29, 2008 Report Share Posted September 29, 2008 I just opened this email and think it really puts things into perspective on where our governments heads are at... 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 bona fide 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 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 - 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 plan only really costs $59.5 Billion because $25.5 Billion is returned instantly in taxes to Uncle Sam. Ahhh...I feel so much better getting that off my chest. Thats absolutely genius! Quote Link to comment Share on other sites More sharing options...
CoolBlueSS Posted September 29, 2008 Report Share Posted September 29, 2008 That might actually work if (BIG IF) people actually did pay off debt, and not actually get themselves deeper in the hole. Quote Link to comment Share on other sites More sharing options...
smoke03 Posted September 29, 2008 Author Report Share Posted September 29, 2008 Id be happy with it. Quote Link to comment Share on other sites More sharing options...
desrtrat Posted September 30, 2008 Report Share Posted September 30, 2008 Id be happy with it. Quote Link to comment Share on other sites More sharing options...
haul@ss Posted September 30, 2008 Report Share Posted September 30, 2008 :withstupid: :withstupid: Oh what I would do with $300,000!!! Buy me a new house, a few toys for the ss, and save the rest for a rainy day/mutual funds Quote Link to comment Share on other sites More sharing options...
cadowns Posted September 30, 2008 Report Share Posted September 30, 2008 You do know that the math is wrong I hope. The right answer is $425.00 dollars Good principle for sure. CD Quote Link to comment Share on other sites More sharing options...
W2W402 Posted September 30, 2008 Report Share Posted September 30, 2008 I feel like an idiot. You're right. Thank god I'm not the one who wrote the email but I still feel moronic for posting it. Sorry guys. Just take the idea for face value... Quote Link to comment Share on other sites More sharing options...
smoke03 Posted September 30, 2008 Author Report Share Posted September 30, 2008 LOL boy do I feel dumb for not checkin that one lol Quote Link to comment Share on other sites More sharing options...
FireRescueSS Posted September 30, 2008 Report Share Posted September 30, 2008 I don't care, I'll take a damn penny if I can get one. Quote Link to comment Share on other sites More sharing options...
CenWaSS Posted September 30, 2008 Report Share Posted September 30, 2008 Well, the bail out bill failed and the stock market dropped 780 points today? Whats going happen to the economy now? How is this going to effect us? Whats going to happen to the housing market now? Any body got any ideas? Fortunatley me and the wife have made some good choices and have not been affected, as of yet. We've both got very good jobs (she's in the dental business and Im in the solar panel industry) but what worries me is the stock market. We both contribute quite a bit into the market but are loosing are butts. What should we do, pull out, stay in, what? I do like the $300k plan mentioned above Quote Link to comment Share on other sites More sharing options...
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