screw AIG, bail out the people

MadJack

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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 Dese rv e 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 Lehmann 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 Dese rv e 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.
>
> Ahhh...I feel so much better getting that off my chest.
>
> Kindest personal regards,
> Birk
> T. J. Birkenmeier, A Creative Guy & Citizen of the Republic
 

BleedDodgerBlue

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NOTE TO MODS OR ADMIN:


Please move this post to political forum. Us laypeople that frequent general discussion have no idea what AIG or bailouts are. We use this forum to discuss tits, ass, dodgers divisional winners, agents health food plan, old saved by the bell episodes, american idol, hunting, ravens sucking, and the occasional hello from new members who are on their third or fourth account thinking they will pick winners with this one.

Thanks for your understanding.
 

SixFive

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interesting, jack.

I'm sure there would be a few destructive behaviors fed with that much loot! Think how fast some members here would piss through that!
 

MadJack

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Wow that math is so far off. :142smilie

didn't bother to check that. one of those mass emails and i just slapped it up on here.

sounds better than bailing out aig :mj06:
 

Agent 0659

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I have only written 6 AIG policies, ever. The push they were making for business lately (last 3-6 months) is unlike anything I have ever seen in my 8 yeas selling insurance. I mean they were willing to do ANYTHING to get some premium on the books!

I am moving all 6 policies I have, and so is everyone else in the country. Which means AIG has to write refund checks.

AIG is going down kids, it's just a matter of time! :sadwave:
 

DOGS THAT BARK

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Have written numerous life insurance cases through AIG--I will replace 0 of them unless client is adamant about it. Have had a few call and after 5 minutes of discussion they all kept it.

What I tell them--

There is next to 0 chance of future claim not being paid.

If I change you to another company you will be paying higher premium due to being older--and only person I can see coming out ahead is myself--as I will get all brand new commision.

I also warn them to let any friends know that there are agents out there that look at this as opportunity to get new commisions all over over again and to check very closely who is getting the benefit of exchange--and call their department of insurance if they are in doubt.
 

Tina Yothers

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Have written numerous life insurance cases through AIG--I will replace 0 of them unless client is adamant about it. Have had a few call and after 5 minutes of discussion they all kept it.

What I tell them--

There is next to 0 chance of future claim not being paid.

If I change you to another company you will be paying higher premium due to being older--and only person I can see coming out ahead is myself--as I will get all brand new commision.

I also warn them to let any friends know that there are agents out there that look at this as opportunity to get new commisions all over over again and to check very closely who is getting the benefit of exchange--and call their department of insurance if they are in doubt.

Hi. How does it get paid if AIG goes out of business?
 

DOGS THAT BARK

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Hi. How does it get paid if AIG goes out of business?

1st
In the history of life insurance there has never been one default on death claim in any company that I am aware of.

Insurance departments have very strict regulations on companies. They also have Guaranty Association that protects against such things happening that all companies particpate in. While there have been several companies go under there has always been other companies standing in line to buy their block of business.

AIG Insurance portfolio is seperate from it's mortgage investments.

An adverse effect that does occur is whole life products--especially varible life- where premium is dictated by return investments--can fluxuate greatly--and premiums become unaffordable.

I have never been an advocate of mixing investments with life insurance--and have written basically only guarantee premiums and death benefits. While it is plain jane product with no bells and whistles--it lets a person sleep a lot better following huge market or interest rates fluxuations.
 

DOGS THAT BARK

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Appears AIG and shareholders are also against bail out---

Insurer American International Group is considering selling more than 15 businesses to repay a loan of $85 billion from the government, the Financial Times reports.

AIG is considering selling its aircraft leasing unit, a stake in its large U.S. reinsurer and billions of dollars in properties, according to the Financial Times . AIG's board met Sunday evening to discuss the plan.

AIG wants businesses such as its international life insurance unit and its U.S. pension businesses to be at the core of the "new AIG," the Financial Times reports, citing people close to the situation.

AIG must move quickly because it has to repay the government loan to prevent the U.S. government from taking control of the company.
 

dr. freeze

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Wow that math is so far off. :142smilie

Yeah, the guy thinks we would get 425 grand each but the total amount would only be 3 grand or so each.

Its also kind of scary how many people could quickly jump on board with an idea that calls for essentially running a money printing press and handing out dollars.
:scared :scared :scared

Note to them: Your dollar would depreciate in value by a number larger than the number of dollars you received. Your dollar only has value because people work/produce for it. Saturating the market with dollars not earned would only make all people work less and produce less and you would see your Big Mac price go up to 100$ or so with such a plan.
:scared :scared :scared
 

BobbyBlueChip

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Yeah, the guy thinks we would get 425 grand each but the total amount would only be 3 grand or so each.

Its also kind of scary how many people could quickly jump on board with an idea that calls for essentially running a money printing press and handing out dollars.
:scared :scared :scared

Note to them: Your dollar would depreciate in value by a number larger than the number of dollars you received. Your dollar only has value because people work/produce for it. Saturating the market with dollars not earned would only make all people work less and produce less and you would see your Big Mac price go up to 100$ or so with such a plan.
:scared :scared :scared

We've already decided to print money - the post is deciding who to give it to. And the bailout referred above is ONLY $85B - which is sooooo last week. $750B and we're talking $40k/person which would definitely enhance the economy and provide some value to the MBS's.

What I thought was pretty funny during the debates is how small all the money seemed. "Well, you supported giving $10B to the Pakistani's" would have seemed much larger without the present bailout on the table.
 
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