Skip to main content

This email has been spreading pretty quickly. But there are two major problems with it.

  1. The math is wrong! Each person would get $425 (email claims $425,000).
  1. If you read the entire email, it mentions "a puny $1000 ('vote buy') economic incentive that is being proposed by one of our candidates for President."

That is mocking Obama's plan to give a $1000 energy reimbursement to every taxpayer, paid for by windfall profits tax on oil companies.

It's funny because McCain has offered gimmicks like a PUNY $0.17 gas tax holiday, a PUNY offshore drilling plan that would get 1% of the oil we need in 10 years, and a PUNY $300 million prize for anyone who can invent a "super-car-battery"... as opposed to Obama's plan to invest $150 BILLION into green energy.

Is it a coincidence that all the gimmicks from McCain actually help oil companies more than taxpayers? So when a candidate offers a plan would actually take money from oil companies and give it back to the American people... this email mocks Obama's plan. I wonder who's really behind this email?

http://www.boughtbybigoil.com
http://www.mcloybbist.com

Full email text:

The Economic Recovery Plan  

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 bon-a-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 billion 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 lend 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. & gt; Here's my rationale. We deserve it and AIG doesn't.

Sure it's a crazy idea that can "never work." (Why not?, I ask) 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 trust 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.  

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!!

Originally posted to barindersharma on Wed Oct 01, 2008 at 01:07 PM PDT.

Poll

Have you seen this email?

0%0 votes
15%9 votes
20%12 votes
1%1 votes
31%18 votes
17%10 votes
13%8 votes

| 58 votes | Vote | Results

EMAIL TO A FRIEND X
Your Email has been sent.
You must add at least one tag to this diary before publishing it.

Add keywords that describe this diary. Separate multiple keywords with commas.
Tagging tips - Search For Tags - Browse For Tags

?

More Tagging tips:

A tag is a way to search for this diary. If someone is searching for "Barack Obama," is this a diary they'd be trying to find?

Use a person's full name, without any title. Senator Obama may become President Obama, and Michelle Obama might run for office.

If your diary covers an election or elected official, use election tags, which are generally the state abbreviation followed by the office. CA-01 is the first district House seat. CA-Sen covers both senate races. NY-GOV covers the New York governor's race.

Tags do not compound: that is, "education reform" is a completely different tag from "education". A tag like "reform" alone is probably not meaningful.

Consider if one or more of these tags fits your diary: Civil Rights, Community, Congress, Culture, Economy, Education, Elections, Energy, Environment, Health Care, International, Labor, Law, Media, Meta, National Security, Science, Transportation, or White House. If your diary is specific to a state, consider adding the state (California, Texas, etc). Keep in mind, though, that there are many wonderful and important diaries that don't fit in any of these tags. Don't worry if yours doesn't.

You can add a private note to this diary when hotlisting it:
Are you sure you want to remove this diary from your hotlist?
Are you sure you want to remove your recommendation? You can only recommend a diary once, so you will not be able to re-recommend it afterwards.
Rescue this diary, and add a note:
Are you sure you want to remove this diary from Rescue?
Choose where to republish this diary. The diary will be added to the queue for that group. Publish it from the queue to make it appear.

You must be a member of a group to use this feature.

Add a quick update to your diary without changing the diary itself:
Are you sure you want to remove this diary?
(The diary will be removed from the site and returned to your drafts for further editing.)
(The diary will be removed.)
Are you sure you want to save these changes to the published diary?

Comment Preferences

Subscribe or Donate to support Daily Kos.

Click here for the mobile view of the site