I don't understand this proposed Stimulus Package

pologq · 03-21-20, 06:40 PM

valid points you bring up

i might need it, no guarantee the company i works for makes it thru this if we go into june

Auto Donk · 03-21-20, 06:48 PM

here, a stimulus package:

agendaman · 03-21-20, 06:54 PM

i want my check

Sanity Check · 03-21-20, 06:59 PM

Originally posted by PharaohUB

I don't see why we are just sending money out to people who didn't even lose their jobs.

Path of least resistance. It was the easiest quick fix.

The more difficult problems, like how to help middle class earners will be resolved later.

PharaohUB · 03-21-20, 07:19 PM

Originally posted by Sanity Check

The more difficult problems, like how to help middle class earners will be resolved later.

You mean figure out how to get them to repay it.

HockeyRocks · 03-21-20, 07:50 PM

Originally posted by PharaohUB

You will get a check if you made under 75K in 2018. Doesn't matter if you lost your job or not, or if you're currently making 200k. Or if you have a million dollars in your bank and don't work.

I don't see why we are just sending money out to people who didn't even lose their jobs. People are spending less, not more right now.

We're in enough debt as a country right now. If you didn't lose your job due to the Coronavirus you don't need a check. If you lost your job - then go collect unemployment.

I understand some people need relief due to Coronavirus, but it's probably 10% of those getting a check. Set some guidelines and make people apply for it. Don't just steal my money and give it to other people based on an arbitrary number from 2018 that has nothing to do with your need right now.

What if I made 100K in 2018, but just lost my job and I live in high cost of living area? People making 70k a year in Arkansas need it more?

I don't understand this package at all - what does everyone else think? I'm guessing if you qualify you support it whether you need it or not.

#1. would you prefer a recessi9on or a depression???

#2. Money sent to people will be income based, based on 2019 tax returns, not what neighborhood you live in.

#3. I suggest you watch some of the business networks, FBC, CNBC, Bloomberg etc., and get informed.

#4. Making 200K will not get you a ck.

PharaohUB · 03-21-20, 08:02 PM

Originally posted by HockeyRocks

#1. would you prefer a recessi9on or a depression???

#2. Money sent to people will be income based, based on 2019 tax returns, not what neighborhood you live in.

#3. I suggest you watch some of the business networks, FBC, CNBC, Bloomberg etc., and get informed.

#4. Making 200K will not get you a ck.

hmm. Guessing you are one of those getting a check then.

#1) I think there are better ways then just taking money from people who make above 75K, and giving to people who make below. Many making 75K have higher expenses. Better salaries are in higher cost of living areas. Better salaries are given to those who went to school and have student loan debt. If you read my post I'm okay with giving it to those who needs, but sending out blank checks to everyone is stupid. The people who won't receive a check already contribute a majority of the money to fund the gov't and social programs. Now you want to take more from them and give it to people who don't even need it. There are millions of american in the 80-120k range who could use that money too. If your point is that it gets people spending money to boost the economy - we are spending more money in retail right now than we do at Christmas time. So do tell how this saves a recession? The grocery stores are just fine, and everything else is closed or focusing their efforts on the issue at hand. Can you explain to me how someone who makes 70K receiving a $1,200 check saves us from a recession?

#2) Not sure if you're watching the news but tax returns for 2019 are now not due until 7/1. They can't use those. They are using 2018. And why should your cost of living not matter? 75K in NYC or LA is borderline poverty. 75K in the south you can be very wealthy.

#3) See #2 and #4. Apparently you are not the one informed.

#4) If you make 200K in 2019 or right now, but you made 70K in 2018. You get a check.

konck · 03-21-20, 08:13 PM

Can we get the check in bitcoin

Neo is a huge buy under 6

PharaohUB · 03-21-20, 08:16 PM

Many people in the 100k ish range are in their 30s. They have more expenses and less outside financial support than someone in their 20s and less savings than someone in their 40s and 50s. They are also the same generation who got stuck with student loans with 7% locked in interest. Same generation that started their career during a recession. Same generation that largely lives in cities with high cost of living, because we had to migrate to cities to find work during a recession.

Now you want to take money out of our paycheck and give it to people who don't need it. fk that

The tax code is messed up and so is this stimulus package! people who it benefits seem to like it, and those they hurt dont like it. go figure.

HockeyRocks · 03-21-20, 08:17 PM

Originally posted by PharaohUB

hmm. Guessing you are one of those getting a check then.

#1) I think there are better ways then just taking money from people who make above 75K, and giving to people who make below. Many making 75K have higher expenses. Better salaries are in higher cost of living areas. Better salaries are given to those who went to school and have student loan debt. If you read my post I'm okay with giving it to those who needs, but sending out blank checks to everyone is stupid. The people who won't receive a check already contribute a majority of the money to fund the gov't and social programs. Now you want to take more from them and give it to people who don't even need it. There are millions of american in the 80-120k range who could use that money too. If your point is that it gets people spending money to boost the economy - we are spending more money in retail right now than we do at Christmas time. So do tell how this saves a recession? The grocery stores are just fine, and everything else is closed or focusing their efforts on the issue at hand. Can you explain to me how someone who makes 70K receiving a $1,200 check saves us from a recession?

#2) Not sure if you're watching the news but tax returns for 2019 are now not due until 7/1. They can't use those. They are using 2018. And why should your cost of living not matter? 75K in NYC or LA is borderline poverty. 75K in the south you can be very wealthy.

#3) See #2 and #4. Apparently you are not the one informed.

#4) If you make 200K in 2019 or right now, but you made 70K in 2018. You get a check.

#1. Just finished my taxes, my income exceeded 200k in 2019. no ck for me...don't need one.

#2. Its not me calling for a recession or a depression. Its members of the current administration, economic analyst, money experts etc. that say if we don't get money in the hands of the right people we will end up in either one....Some say with 2.5 Million people signing up for inemployment last week we are in a resession now..

#3. IRS already has your W-2's or 1099's on record they can go by. I could not verify whether they will use 2018 or 2019. It was 2019 until Trump just extended tax day yesterday or the day before.

#4. It appears you know you won't qualify and your trying to figure out a way you can.0

hehfest · 03-21-20, 08:23 PM

Originally posted by HockeyRocks

#1. Just finished my taxes, my income exceeded 200k in 2019. no ck for me...don't need one.

#2. Its not me calling for a recession or a depression. Its members of the current administration, economic analyst, money experts etc. that say if we don't get money in the hands of the right people we will end up in either one....Some say with 2.5 Million people signing up for inemployment last week we are in a resession now..

#3. IRS already has your W-2's or 1099's on record they can go by. I could not verify whether they will use 2018 or 2019. It was 2019 until Trump just extended tax day yesterday or the day before.

#4. It appears you know you won't qualify and your trying to figure out a way you can.0

1. It's Uncle Sam. They don't know what they are doing in the first place. They hire people that dropped out of elementary school. Those are the people that came up with the stimulus ideas.

2. Since the virus was a hoax said by President of Reality TV stars, the coming stimulus will be a "hoax" too.

3. You elected a guy on TV that coined the term "You're Fired" as about the only thing half-witted he would ever say. (I had to use a filler here to get to 4)

4. If you made 200K last year, then look for it to be about 1k the rest of 2020. The population reduction is under way. If I were you, then I'd be more worried about survival at this point, then how much money you can make....but I'm not you! LOL.

G.L.

Sanity Check · 03-21-20, 08:24 PM

Originally posted by PharaohUB

You mean figure out how to get them to repay it.

If Trump leads the effort, it should resemble his proposed tax reform plan posted above. Which has always been favorable to the middle class.

I'm all in favor of scrapping welfare for defense contractor projects like the F-35.

In favor of giving mansions to the homeless, too:

HockeyRocks · 03-21-20, 08:27 PM

Originally posted by PharaohUB

Many people in the 100k ish range are in their 30s. They have more expenses and less outside financial support than someone in their 20s and less savings than someone in their 40s and 50s. They are also the same generation who got stuck with student loans with 7% locked in interest. Same generation that started their career during a recession. Same generation that largely lives in cities with high cost of living, because we had to migrate to cities to find work during a recession.

Now you want to take money out of our paycheck and give it to people who don't need it. fk that

The tax code is messed up and so is this stimulus package! people who it benefits seem to like it, and those they hurt dont like it. go figure.

How do you feel about the government taking money out of your pocket and giving it to airlines, give it to the cruise industry that pay no Federal Income taxes to the U.S., or how about the money they take out of your pocket and give to Big Oil or to farmers???

PharaohUB · 03-21-20, 08:29 PM

Basing so many social and tax programs on income level is so stupid. You know who gets income - people who work. You know who works? - People who need money. So you're taking money from people who need it, and giving it to people you deem need it more(are you god?). Who is to say that someone who makes more didn't take a shit job for more money because they needed it because of loans, debt, etc.

HockeyRocks · 03-21-20, 08:30 PM

Originally posted by hehfest

1. It's Uncle Sam. They don't know what they are doing in the first place. They hire people that dropped out of elementary school. Those are the people that came up with the stimulus ideas.

2. Since the virus was a hoax said by President of Reality TV stars, the coming stimulus will be a "hoax" too.

3. You elected a guy on TV that coined the term "You're Fired" as about the only thing half-witted he would ever say. (I had to use a filler here to get to 4)

4. If you made 200K last year, then look for it to be about 1k the rest of 2020. The population reduction is under way. If I were you, then I'd be more worried about survival at this point, then how much money you can make....but I'm not you! LOL.

G.L.

I can't stand that lying fukking azz-hole Douchebag Don.

My income is derived from residual income where there is no downside.

PharaohUB · 03-21-20, 08:32 PM

Originally posted by HockeyRocks

How do you feel about the government taking money out of your pocket and giving it to airlines, give it to the cruise industry that pay no Federal Income taxes to the U.S., or how about the money they take out of your pocket and give to Big Oil or to farmers???

Cruise industry I don't agree with, f them. That's a luxury. Oil, farming, and airlines are all industries I would benefit from being operational. I'd hope that whatever money was given, would be made up by net benefit to society, and some smart economists figured that out.

Taking my money and depositing it in your bank account I don't see how that benefits society.

HockeyRocks · 03-21-20, 08:38 PM

Originally posted by PharaohUB

Cruise industry I don't agree with, f them. That's a luxury. Oil, farming, and airlines are all industries I would benefit from being operational. I'd hope that whatever money was given, would be made up by net benefit to society, and some smart economists figured that out.

Taking my money and depositing it in your bank account I don't see how that benefits society.

People that will qualify will be millions that work retail and in restaurants for one thing. People that aren't wealthy like you and live week to week. People that live off tips in restaurants. Many don't even have a bank acount except maybe a debit card. They will spend those cks within a few days on things they need, that money goes right back into the economy..

PharaohUB · 03-21-20, 08:47 PM

Originally posted by HockeyRocks

People that will qualify will be millions that work retail and in restaurants for one thing. People that aren't wealthy like you and live week to week. People that live off tips in restaurants. Many don't even have a bank acount except maybe a debit card. They will spend those cks within a few days on things they need, that money goes right back into the economy..

I’m not suggesting the restaurant industry doesn’t need help. I am more than happy for those who need it more than me to get it. I am not happy to pay for those who don’t need it more than me to get it. That was my whole point. You call me wealthy but I’m not even a home owner yet and I still have student loans. I didn’t make this much until recently and struggled through my 20s like many others. I probably won’t be 40 until I can save enough for a down payment on a house. People who take cushy jobs they like because they have a million in the bank from daddy shouldn’t get my money. People with no debt living comfortably in the south and own two homes already shouldn’t get my money. Etc.

dustyy · 03-21-20, 08:48 PM

Originally posted by PharaohUB

Cruise industry I don't agree with, f them. That's a luxury. Oil, farming, and airlines are all industries I would benefit from being operational. I'd hope that whatever money was given, would be made up by net benefit to society, and some smart economists figured that out.
Taking my money and depositing it in your bank account I don't see how that benefits society.

Make money off of them and go buy RCL at about $24. Well run company, well capitalized, sitting on a ton of cash. May be the only survivor when this is all said and done. Bought some when it hit $20. Be patient, this is a winner.

PharaohUB · 03-21-20, 08:52 PM

Most of my peers who make less than 75k do so because they are in a position to take a job they like more and make less money. Already own a home, or have an inheritance of some kind. Those who make above tend to be struggling with debt and need to seek out higher paying/less than ideal jobs.

Why should we be sending money to them?

big joe 1212 · 03-21-20, 10:59 PM

Instead of sending checks out, they should just raise the amounts they give to the people claiming unemployment

hehfest · 03-21-20, 11:44 PM

Originally posted by HockeyRocks

I can't stand that lying fukking azz-hole Douchebag Don.

My income is derived from residual income where there is no downside.

No kidding. PM me if you don't want it public. Curious what it is. Unless, you don't want to share.

PharaohUB · 03-22-20, 12:01 AM

I do think it’s kind of ironic the industry that evades the most taxes out there (restaurant) is begging for money from the government like it’s owed to them. Pretty much every grocery and department store out there is looking for workers at pretty decent wages. Not to mention amazon and other delivery services are desperate for help. They are temporary jobs available to anyone who wants them if their job is on hold. Quit being lazy and looking for a handout and go put in an application.

tb1984 · 03-22-20, 12:30 AM

Originally posted by PharaohUB

I’m not suggesting the restaurant industry doesn’t need help. I am more than happy for those who need it more than me to get it. I am not happy to pay for those who don’t need it more than me to get it. That was my whole point. You call me wealthy but I’m not even a home owner yet and I still have student loans. I didn’t make this much until recently and struggled through my 20s like many others. I probably won’t be 40 until I can save enough for a down payment on a house. People who take cushy jobs they like because they have a million in the bank from daddy shouldn’t get my money. People with no debt living comfortably in the south and own two homes already shouldn’t get my money. Etc.

Will your parents/siblings/friends/relatives get checks?

bigtymer56 · 03-22-20, 06:50 AM

Originally posted by PharaohUB

I’m not suggesting the restaurant industry doesn’t need help. I am more than happy for those who need it more than me to get it. I am not happy to pay for those who don’t need it more than me to get it. That was my whole point. You call me wealthy but I’m not even a home owner yet and I still have student loans. I didn’t make this much until recently and struggled through my 20s like many others. I probably won’t be 40 until I can save enough for a down payment on a house. People who take cushy jobs they like because they have a million in the bank from daddy shouldn’t get my money. People with no debt living comfortably in the south and own two homes already shouldn’t get my money. Etc.

Lol...you talk like those undeserving people you think shouldn't get money aren't paying taxes too.

Like Big Joe said, they should just increase unemployment.

And if not just send money to everybody and not waste time trying to figure out who deserves and doesn't deserve it.

retard · 03-22-20, 06:57 AM

It’s to bail out big corporations to keep America afloat while doing nothing for the average person. It’s been like this since the dawn of time. Good thing is that trump is in the democrats like the democrat governor of Washington is suspending evictions. Because trump is in some democrats will act with some compassion and actually do something to help people unlike they did when Obama was in office during the crash when Obama was evicting everyone.

Chi_archie · 03-22-20, 07:04 AM

is anything even final yet?

I thought they were still spit ballin

Big Bear · 03-22-20, 07:21 AM

Originally posted by Chi_archie

is anything even final yet?

I thought they were still spit ballin

nothing is final

just spit ballin

I doubt any of us see a check

slambam · 03-22-20, 08:10 AM

Originally posted by PharaohUB

You will get a check if you made under 75K in 2018. Doesn't matter if you lost your job or not, or if you're currently making 200k. Or if you have a million dollars in your bank and don't work.

I don't see why we are just sending money out to people who didn't even lose their jobs. People are spending less, not more right now.

We're in enough debt as a country right now. If you didn't lose your job due to the Coronavirus you don't need a check. If you lost your job - then go collect unemployment.

I understand some people need relief due to Coronavirus, but it's probably 10% of those getting a check. Set some guidelines and make people apply for it. Don't just steal my money and give it to other people based on an arbitrary number from 2018 that has nothing to do with your need right now.

What if I made 100K in 2018, but just lost my job and I live in high cost of living area? People making 70k a year in Arkansas need it more?

I don't understand this package at all - what does everyone else think? I'm guessing if you qualify you support it whether you need it or not.

That's exactly why...

HockeyRocks · 03-22-20, 08:12 AM

Originally posted by PharaohUB

I do think it’s kind of ironic the industry that evades the most taxes out there (restaurant) is begging for money from the government like it’s owed to them. Pretty much every grocery and department store out there is looking for workers at pretty decent wages. Not to mention amazon and other delivery services are desperate for help. They are temporary jobs available to anyone who wants them if their job is on hold. Quit being lazy and looking for a handout and go put in an application.

I see politicians wanting to put money in the hands of people who have or will lose there jobs beause of businesses closing. I don't see them begging. Why are you so hard on the less fortunate??? Talk about begging, Boeing is begging for 50 fukking Billion dollars and there requesting 25 Billion be a grant. Fuk Boeing. They need to pay it back...Here come the airline again, begging for government money...After spending 40-50 Billion dollars on stock buy backs in the last 10 years instead of putting some of that dough back for a rainy day. They get subsidies now...Americans subsidize there shareholders now....Fuk them, they should be made to pay back any handouts to.

TheLock · 03-22-20, 08:15 AM

Originally posted by PharaohUB

hmm. Guessing you are one of those getting a check then.

#1) I think there are better ways then just taking money from people who make above 75K, and giving to people who make below. Many making 75K have higher expenses. Better salaries are in higher cost of living areas. Better salaries are given to those who went to school and have student loan debt. If you read my post I'm okay with giving it to those who needs, but sending out blank checks to everyone is stupid. The people who won't receive a check already contribute a majority of the money to fund the gov't and social programs. Now you want to take more from them and give it to people who don't even need it. There are millions of american in the 80-120k range who could use that money too. If your point is that it gets people spending money to boost the economy - we are spending more money in retail right now than we do at Christmas time. So do tell how this saves a recession? The grocery stores are just fine, and everything else is closed or focusing their efforts on the issue at hand. Can you explain to me how someone who makes 70K receiving a $1,200 check saves us from a recession?

#2) Not sure if you're watching the news but tax returns for 2019 are now not due until 7/1. They can't use those. They are using 2018. And why should your cost of living not matter? 75K in NYC or LA is borderline poverty. 75K in the south you can be very wealthy.

#3) See #2 and #4. Apparently you are not the one informed.

#4) If you make 200K in 2019 or right now, but you made 70K in 2018. You get a check.

This guy is an American hero. I’m not being sarcastic.

53 defense · 03-22-20, 08:40 AM

Read something yesterday that was eye opening for me....nearly 50% of the nation live on a "Week to week" , or, check to check...what happens when they stop comin, and the job lost due to Virus is lost for good......Man's gunna feed his family, on a "any means necessary" basis.... These are the things the Gov should concern themselves with goin forward....Gotta be multiple checks comin till this thing passes
This is the scary part, because it don't take a brain surgeon to figure its gunna be a long, hard road to recovery....

Another thing not mentioned is all the retirement scratch dissolving in the current "Market Sell Off"....gramma n granpa got their collective asses kicked the last few weeks and the stress of that will certainly add more bodies to the count. I just keep thinking of that old sayin "keep your head while others around you lose theirs"....

Take Care

Be Well

HockeyRocks · 03-22-20, 09:22 AM

Originally posted by hehfest

No kidding. PM me if you don't want it public. Curious what it is. Unless, you don't want to share.

Im an insurance broker for companies like: Humana, Cigna, Aetna, BCBS, United Healthcare, Health Team Advantage etc., help people with their Medicare with Medicare Supplements and Medicare Advantage Plans. Been doing it for 15 years with over 750 clients. A residual or renewel commission is paid to me every month per client, as long as that customer is still in my book of business. The one downside, because you deal with people mostly over 65, people die, however, i enroll more new people each year to offset that... Im 73 on Medicare myself and are now sem-retired but still seem to work a lot...Its ok, im fortunate...

DISTROYA · 03-22-20, 11:46 AM

They just should print money...not disclose the amounts to the world..and pay everyone unlimited checks. I mean they already do steps 1 and 2 for decades just add 3rd step.