The Emergency Money for the People Act expands relief to more Americans and includes a $2,000*monthly payment to every qualifying American over the age of 16 for up to 12 months.
-
Looks like a different stimulus package can help the nation. What you guys think? This looks like it will be tax free too. -
We are now a socialist companyComment -
Why not, let's spend even more money that we don't have. Keep those aircraft carriers locked and loaded, that reserve currency thing is gonna get trickier down the road.Comment -
When a loaf of bread costs $125, thank these times for itComment -
$1,200 checks for half the population costs $2trillion.
$12,000 for 75% of the population costs ????
This is laughable. Zero chance this will happenComment -
Trump is a socialist.Comment -
A scary thought is the endless artificial creation of money, be it the printing press or electronic.
The monetary measurement of "trillions" is now commonplace.
I don't know what the next gradation up after that is, but it can't be far off.
I know economists differ, but I hope they know what they're doing.
Not knowing much about economics, I keep thinking that this can't continue, but the numbers just keep gettin bigger and bigger.
I though BTC was the hedge against this because of its fixed amount of coinage. But there doesn't seem to be a correlation.
Very concerning.......Comment -
you will see people really not work then
a lot will be getting more than they take home working 40 hours per weekComment -
It's too late now, but as I advocated earlier, had they foregone the stupid SBA thing, terminated UI eligibility for 180 days and simply gave every working adult 18-60 a check for $15,000 ($2.5trillion) or $20,000 ($3trillion) NO STRINGS ATTACHED we would all be better off and back to work Corona free on 5.15 and no need for bickering or Congress or Trumps briefings or States bureaucracy w unemployment.
Completely failed government response, as usual, and sadly 50% of Americans still think more Government is the answer.Comment -
One word
INFLATIONComment -
Incentivizing more people to just live off the state.... well this can't go wrongComment -
yeah this is not happeningComment -
It’d be fine if they got rid of unemployment completely during the time they did this. Otherwise people would be getting 5600 a month. Unemployment is kinda screwy right now as it is. People can make $960+ a week right now with the added $600 from the federal government. Meanwhile working in the grocery store working say 40 hours a week you aren’t pulling in even close to that. You’re better off to have been laid off. This going to everyone rather than just the unemployed would solve that issue.Comment -
no idea what we are doing
Trump doing anything to get elected againComment -
Are they touting it as EMPA-nada?
Yummy.Comment -
Yeah, us. And the majority of us are expecting this to go absolutely pear-shaped. Before this you’d get $550 a fortnight here or so on the basic dole... more if you’re a parent, elderly, disabled, etc. Now it’s been doubled to a min of $1100 every two weeks plus various random stimulus payments. There are many people earning more now than they did while actually working. Not sure if I even have the energy to care anymore though to be honest. For those that generally need it, I’m happy for them but there really is not much incentive to work if you were earning less than that before.Comment -
I can use 3g'sComment -
i just want people who still can't get their unemployment to be able to get it. they should handle that first.Comment -
The economy is going to collapse, giving money to rich folks isn't going to do anything to help this issue as rich folks don't spend the extra money. If you give this money to working people (60%of which don't have $1k saved to pay for an unexpected emergency and aren't out of work by choice) they will be able to pay their rent/mortgage, feed their kids, pay their utilities and ************ and when they are done doing that this group of people will spend whatever money is left, that money will go to businesses who hire more employees, produce/order more products to be produced which requires more employees and materials. This money flows through the economy multiple times (called rounds of spending), this speeds up the economy which makes this country stronger and makes everyone better off, this UBI isn't meant to be permanent it is meant to keep the economy alive until this crisis is over and to keep decent hard-working people in their homes. It is really what is needed to keep things from getting MUCH WORSE. I know this doesn't match Wall St. talking points but they aren't looking out for society and working people, they are ONLY looking out for their own bottom line, the average Joe be damned.Comment -
Just give everyone 1 million dollars and be done with it. Everyone's a millionaire!Comment -
Well the 13 ounces of gold I’m sitting on seems like it was a sound investment we will seeComment -
I'm very much against handouts in any shape or form. But this is a pandemic. We have to do better than $1,200 one time for the average person.Comment -
That's not the point at all. The economy will keep contracting if there is no money running through it (a million a piece wouldn't even be effective, only money that will be spent right away is useful, it's not about "free money" it's about keeping the economy from collapsing and keeping people from being thrown out on the street through no fault of their own), it will take a while for the virus to be cleared up and even longer to get the economy moving again afterward. If people get this 2k a month in the interim they will stay in their homes and spend any excess, that spending will keep the economy moving and speed it up slightly until everyone can safely get out there and get back to work, some jobs lost in this crisis will never come back so that is an issue as well.Comment
perhaps more like "Democratic socialist" (ala Bernie Sanders)
