A.I.G. Sues US for $306 Million, so what?

I’m not an especially political person. I exersice my right to vote here in the US and I stay current with what is happening but I generally try to avoid political discussion. This story on the NYTimes though struck me so I thought I’d pass along my quick thoughts…

Take a look at this story, and then come back: A.I.G. Sues U.S. for Return of $306 Million in Tax Payments

Basically, to me it’s all ‘Blah Blah Blah’. I’m not a tax person and, who knows, maybe they are ‘owed’ money. I’m not going to discuss that end of things. I think it’s ridiculous for them to sue the government with the governments money, but that is neither here nor there. My thoughts here are, does that amount of money even matter at this point?

Follow along here, and check the math.

We have given them $200 Billion.

1% of $200 Billion is $2 Billion right? (2B x 100=200B)

.5% of $200 Billion is $1 Billion. (2B divided by 2 = 1B)

1/2 of that, or .25% of $200 Billion is $500 Million. (1B divided by 2 = 500M)

They are asking for $306 Million more, in the form of repaid tax money.. which is equal to less then 1/4 of a percentage of the money we have already given them. Does it even matter at this point?

This has gone so far that $306 MILLON is a small fraction of a percentage of the money paid out. Wow. More money then I will ever see in my lifetime represents such a small fraction of that total that it could be written off as a rounding error…

Am I doing that math right? With number so big.. I can’t tell anymore. It’s unfathomable to me.

Like I said, not a political discussion. Simply an illustration of the absurdity that this has all become…


Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.