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which dip is ignored? he went from inauguration to inauguration
the wealthy have more means to get by in a difficult situation
imo, doesnt make sense to pass measures that disproportionately benefit the people who need the least assistance
which dip is ignored? he went from inauguration to inauguration
It's a lazy way. They need to examine people's cases on a case-by-case basis and the money needs to go where it's needed, not just poured out from a C130 drop over the country.
Kind of hard to benefit from a break in payroll taxes when you are laid off.
Compared to an unemployed, poor person? How's that?
I mean, the absolute worst case for the wealthy is that they become..... an unemployed, poor person.
They have the data, the problem is that it's not politically expedient.
They could just choose to assist only those who sent in an AGI of 60k or less, but then you'll have Fox News yelling 'class warfare' left and right.
$1,000 wouldn't change my life at all. I highly doubt it would change anyone's life on this forum. It's not like toilet paper is going to magically appear in the stores if you have $1,000. We have systems in place to deal with unemployment. The money should go to states to support these outbreaks.
I think they will need to be bailed out, right along with the airlines. Every single one of their customers is going to go s up, and cancel/delay orders.
Not sure how much their share price has been hammered to yet.
Why not do both? What's with the reluctance to provide many forms of aid in a time of crisis?
It wouldn't make or break many of us, but it would undeniably help. Also, if we're talking about economic impact, putting 'free' money on people's wallets is one way to stimulate the economy. I mean, people still order online, etc.
No, they don't need to examine people's cases on a case by case basis. End up spending so much time and effort on that, that you would end up wasting both.
The vast majority of people in the country that are in the lower income brackets, are going to almost certainly 100% spend every penny on bills and other needs.
Marginal propensity to save.
Yes. It's the "Jaws" example:::
The mayor explains it to the sheriff. "I don't think you get the gut response to this, Martin. You say 'barracuda.' Everybody is: 'Huh, what? You say "shark" & we have a panic on the 4th of July."
Same thing here. "You say 'Payroll tax holiday,' Everybody is: "Huh, what? You say "$1,000 to every adult American and you have a panic on the floor of Congress."
I would point out that the US governments ability to borrow money at record low interest rates... dang.
Talk about a multiplier effect. it, borrow a couple of trillion at -.5% and use that to let regular people get a taste of what the ing bankers get. I would love to borrow money at -.5%. Just sayin.
It's not really a messaging problem. There are actual, impactful differences between a payroll tax break and direct cash. ie: as we were saying, unemployed don't get access to the former, which, arguably have a bigger need than those employed.
There's a fine line, however. If this prolongs, there will be scarcity. That brings inflation, and you don't want to stoke that flame.
Especially since this administration has been living off the government credit card way before this crisis.
Mnuchin announcing $1t stimulus, Dow is like "meh"
that's just because everybody on this forum is exorbitantly wealthy
$1000 can do a lot for a family that lives paycheck to paycheck to make rent and is suddenly out of work
& I agree with your "Why not do both?" challenge. Keep as many American (whole) as long as possible.
& have these industries state their last 10 year profits during this sustained growth period. Get the bottom line, seal a (small) profit & guarantee your employees a (good) portion of their income before Corona while they shelter at home. Those industries won't do that though. They'll hoard as (we) hoard toilet paper & bottled water. It's human nature.
I would argue a more fair assessment is Jan 1 of the year following inauguration as the endpoints.
But everyone from Trump to Dale to Media uses inauguration date. DMC just can't read a chart and Dale chirps whenever he thinks he found a nut.
I use what feather's my cap, just like you do, Splits.
Plus if we're on the gamesmanship angle, not doing so is politically very costly.
And what of the undo ented immigrants?
Economics lesson for right wingers #1:
Take away 70% of a CEO's 10,000,000 paycheck, and they still get a paycheck for 3M. 3M is sufficient to sustain life.
Take away 10% of the income of someone who is living paycheck to paycheck, as millions of americans are. and they drown in debt and become homeless.
Is the wealthy CEO disproportionately affected? Yes or no?
Yes that part is ok.
Suspend banks from collecting on loans so no rents, mortgages or any loans have to be paid for at least 3 months.
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