Bail-Out Bonuses
Posted: Sat Nov 01, 2008 4:14 pm
I just read in the news where 10%, roughly $70 billion dollars of the $700 billion in bail out money is being paid out to wall street execs in bonuses. How can that not be a crime?
Let's say that 1% of the entire population, (children, elderly, poverty stricken and working class) and we all know that isn't even close to the actual number, but if it were, they would be receiving $23,000 each. If it were one in a thousand, which you know that figure would also be way too high, these clowns getting bonuses would be getting $22,9100 each! If I had to guess, I would say maybe 2000 people are getting in on that $70 billion dollar bonus money. If that were the case, then the people that helped orchestrate this financial ruin will receive $35,000,000 each. That is 35 million! This is just averaging out the numbers. I figure a few of them will get a million or so and the rest will get a measly hundred grand or whatever.
OK, before you get as fuming mad as I am, keep in mind, I am not a statitician. I am not even that good with math. But I have a speadsheet program. So here is the way I figured it. I know that these are generalizations that are not fine tuned, but fine tuning would only make the numbers worse. Not everyone who could pay taxes will. And yes, the tax payers breathing air tonight will not pay off the bail out. We probably won't even pay off the bonus money as our govt spends more. Our kids, our kids kids, their kids and so on will pay this debt. But the $70 billion bonus money, that will be paid out now to individuals. At least their kids and kid'd kids should be able to afford to pay their share taxes, right? Anyways, here's my math. If anyone is into fine tuning and correcting, please do. I know I must be wrong somewhere, because even an idiot can see this just ain't right.
by JD Ashby
BONUS PAYMENT SECTION
$70,000,000,000.00_____bonuses to wall streeters
305,547,938_______US population as of Oct 31, 2008
3,055,479_________If 1%, one out of 100 people getting in on the bonus action
$22,909.66 _______ Paid each on average
305,548__________If 1/10th of 1%, one out of 1000 people getting in on the bonus action
$229,096.62_______Paid each on average
2,000_____________if 2000 people (.0007%) are getting a piece of the bonus pie
$35,000,000.00_____Paid each on average
BONUS GETTING PAID FOR SECTION
305,547,938_____people in the US
230,383,145_____minus 24.60% children not paying taxes
201,354,869_____minus12.60% not producing income (physical, mental reasons)
177,192,285_____there is 88% in working poor to upper class working left to pay the bill (excludes below poverty level)
$395.05________owed for wall street bonuses for each viable tax payer, including the millions that lost home value or homes
$3,950.51_______owed by each tax viable tax payer for entire bail out
Sources
News Article Bonus Article, Mark Lennihan, AP
Today's population Population Clock
Demographics Wikipedia, Demographics
Let's say that 1% of the entire population, (children, elderly, poverty stricken and working class) and we all know that isn't even close to the actual number, but if it were, they would be receiving $23,000 each. If it were one in a thousand, which you know that figure would also be way too high, these clowns getting bonuses would be getting $22,9100 each! If I had to guess, I would say maybe 2000 people are getting in on that $70 billion dollar bonus money. If that were the case, then the people that helped orchestrate this financial ruin will receive $35,000,000 each. That is 35 million! This is just averaging out the numbers. I figure a few of them will get a million or so and the rest will get a measly hundred grand or whatever.
OK, before you get as fuming mad as I am, keep in mind, I am not a statitician. I am not even that good with math. But I have a speadsheet program. So here is the way I figured it. I know that these are generalizations that are not fine tuned, but fine tuning would only make the numbers worse. Not everyone who could pay taxes will. And yes, the tax payers breathing air tonight will not pay off the bail out. We probably won't even pay off the bonus money as our govt spends more. Our kids, our kids kids, their kids and so on will pay this debt. But the $70 billion bonus money, that will be paid out now to individuals. At least their kids and kid'd kids should be able to afford to pay their share taxes, right? Anyways, here's my math. If anyone is into fine tuning and correcting, please do. I know I must be wrong somewhere, because even an idiot can see this just ain't right.
by JD Ashby
BONUS PAYMENT SECTION
$70,000,000,000.00_____bonuses to wall streeters
305,547,938_______US population as of Oct 31, 2008
3,055,479_________If 1%, one out of 100 people getting in on the bonus action
$22,909.66 _______ Paid each on average
305,548__________If 1/10th of 1%, one out of 1000 people getting in on the bonus action
$229,096.62_______Paid each on average
2,000_____________if 2000 people (.0007%) are getting a piece of the bonus pie
$35,000,000.00_____Paid each on average
BONUS GETTING PAID FOR SECTION
305,547,938_____people in the US
230,383,145_____minus 24.60% children not paying taxes
201,354,869_____minus12.60% not producing income (physical, mental reasons)
177,192,285_____there is 88% in working poor to upper class working left to pay the bill (excludes below poverty level)
$395.05________owed for wall street bonuses for each viable tax payer, including the millions that lost home value or homes
$3,950.51_______owed by each tax viable tax payer for entire bail out
Sources
News Article Bonus Article, Mark Lennihan, AP
Today's population Population Clock
Demographics Wikipedia, Demographics