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  1. #31
    High Plains Lifter Mark1T's Avatar
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    I'm having doubts that the bill will be passed tomorrow.
    Helping one person may not change the world, but it could change the world for one person.

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  2. #32
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    Originally Posted by Mark1T View Post
    I'm having doubts that the bill will be passed tomorrow.
    Why do you think that? From everything I have read there seems to be more than enough support. The only issue is whether Massie forces a roll call and forces a majority of the house back to DC.
    "It's hard to be religious when certain people are never incinerated by bolts of lightning.” -Calvin
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  3. #33
    Finally accused of juicin Corbi's Avatar
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    Originally Posted by Bando View Post
    I have a 19 year old, so filing taxes on time was a $500 mistake. I'm not concerned since there's no such thing as free money and we'll be paying this back eventually.
    And there has been discussion but I haven't seen any final versions yet on whether or not this "free" money will be taxed, if it will be a so called "advance" on next years tax return...screw that since I rarely get much if anything back and often have to pay in. That's all I need is a freaking loan that the feds want back in 9 months.
    "You know that little thing in your head that keeps you from saying things you shouldn't? Yeah, well, I don't have one of those."
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  4. #34
    Registered User NorwichGrad's Avatar
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    The Federal Reserve is an evil institution; it is the 'credit card.' The IRS is also an evil institution; it is the collection agency. The WOKE understand this.

    The problem is many UNWOKE simply do not understand how central banks control everything, to include politicians.

    When people go "yay! yay! we gunn get free money from gubmint," they do not get that the money was theirs to begin with, that the checks they were promised to receive in the mail were stolen in the form of taxes.

    Remember when President Trump said "America will never be a socialist country."

    Goat$hit. He went full Keynesian.

    Too big to fail corporations have already been bailed out. The family stimulus is nothing but bread crumbs to prevent the people from revolting.

    The fed has become the "buyer and seller of last resort."



    “If the American people ever allow private banks to control the issue of their money, first by inflation and then by deflation, the banks and corporations that will grow up around them (around the banks), will deprive the people of their property until their children will wake up homeless on the continent their fathers conquered.” - Thomas Jefferson
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  5. #35
    Registered User 7Seconds's Avatar
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    Originally Posted by bustasinclair View Post
    I see. The only issue I see with that is that it doesn't resolve the impending bankruptcies of airlines, hotels, restaurants, and all other enterprises that we would still not be supporting with our $7,000/month.
    Sorry missed this. And yes I have absolutely no background in economics, finance, etc. so take this for what it’s worth (not much.)

    I don’t see the point in giving businesses money to keep on employees (hypothetically anyways) that aren’t currently needed because there is no demand for their products/services. Give the money directly to the people so they can pay rent.

    We’ve tried what Congress is doing, supply side, and that led to stock buy backs. They think giving money allows corps to boost supply and lead demand. But demand is met and it’s maxed out. It can’t be led. Fund the demand side so that when they’re allowed to buy, or see the need to again, they haven’t had their resources depleted too the point of not being able to create the demand.
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  6. #36
    Last otter standing Jtbny's Avatar
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    Originally Posted by 7Seconds View Post
    Sorry missed this. And yes I have absolutely no background in economics, finance, etc. so take this for what it’s worth (not much.)

    I don’t see the point in giving businesses money to keep on employees (hypothetically anyways) that aren’t currently needed because there is no demand for their products/services. Give the money directly to the people so they can pay rent.

    We’ve tried what Congress is doing, supply side, and that led to stock buy backs. They think giving money allows corps to boost supply and lead demand. But demand is met and it’s maxed out. It can’t be led. Fund the demand side so that when they’re allowed to buy, or see the need to again, they haven’t had their resources depleted too the point of not being able to create the demand.
    I liked the idea of giving the money to businesses for payroll with the caveat they had to keep an employee on for a period of time or have to pay the money back. This way the stimulus is handled just like a paycheck with all the deductions in place, healthcare, retirement, state/fed taxes ect thus feeding money back into the system.

    As for buybacks that's a product of no over site and my main argument on why trickle down simply will never work. It's all maddening how manipulated the economics and specifically the market really is. As a retail trader I see this daily and just /boggle at whats going on.
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  7. #37
    Nihilist Karl_Hungus's Avatar
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    Originally Posted by NorwichGrad View Post
    The Federal Reserve is an evil institution; it is the 'credit card.' The IRS is also an evil institution; it is the collection agency. The WOKE understand this.

    The problem is many UNWOKE simply do not understand how central banks control everything, to include politicians.

    When people go "yay! yay! we gunn get free money from gubmint," they do not get that the money was theirs to begin with, that the checks they were promised to receive in the mail were stolen in the form of taxes.

    Remember when President Trump said "America will never be a socialist country."

    Goat$hit. He went full Keynesian.

    Too big to fail corporations have already been bailed out. The family stimulus is nothing but bread crumbs to prevent the people from revolting.

    The fed has become the "buyer and seller of last resort."



    “If the American people ever allow private banks to control the issue of their money, first by inflation and then by deflation, the banks and corporations that will grow up around them (around the banks), will deprive the people of their property until their children will wake up homeless on the continent their fathers conquered.” - Thomas Jefferson

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  8. #38
    Da1UnV bodyhard's Avatar
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    For folks in NYC that earn a decent pay the NYC unemployment cap is $505.00, with the additional $600.00 that would be $1100.00 (or $2200.00 for couples) a week, that should help some folks not have to tap that much into their savings for the months they are out of work.

    However for folks who earn less, (like $700.00 a week) they will cap out at $455.00 the additional $600.00 a week would have them earning $1055.00 a week, more on unemployment then their actual pay and no one in NYC (at least in the hoods) will give that extra money to any charity, they will spend it on dumb crap.
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  9. #39
    High Plains Lifter Mark1T's Avatar
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    Originally Posted by 7Seconds View Post
    Why do you think that? From everything I have read there seems to be more than enough support. The only issue is whether Massie forces a roll call and forces a majority of the house back to DC.
    I was referring to the Massie grand standing. If he holds it up for even one day, it negatively affects our entire population, small businesses and the market. If 99% of Congress are for the bill, especially under these circumstances, he needs to set aside his personal marketing.

    Originally Posted by bodyhard View Post
    For folks in NYC that earn a decent pay the NYC unemployment cap is $505.00, with the additional $600.00 that would be $1100.00 (or $2200.00 for couples) a week, that should help some folks not have to tap that much into their savings for the months they are out of work. It is, a big deal.

    However for folks who earn less, (like $700.00 a week) they will cap out at $455.00 the additional $600.00 a week would have them earning $1055.00 a week, more on unemployment then their actual pay and no one in NYC (at least in the hoods) will give that extra money to any charity, they will spend it on dumb crap.
    Real talk, Johnny.
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  10. #40
    Registered User bustasinclair's Avatar
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    Originally Posted by Mark1T View Post
    I'm having doubts that the bill will be passed tomorrow.
    Fortunately it just passed.
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  11. #41
    Registered User 7Seconds's Avatar
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    Originally Posted by Mark1T View Post
    I was referring to the Massie grand standing. If he holds it up for even one day, it negatively affects our entire population, small businesses and the market. If 99% of Congress are for the bill, especially under these circumstances, he needs to set aside his personal marketing.
    Oh right. I really don’t have a problem with what he did. It's a $2 trillion+ stimulus bill, it deserves a floor vote. If Congress was in a rush for recess, the House should've voted on it Tuesday, or Wednesday, or Thursday and not "left" assuming they had unanimous consent.
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  12. #42
    High Plains Lifter Mark1T's Avatar
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    Originally Posted by bustasinclair View Post
    Fortunately it just passed.
    Originally Posted by 7Seconds View Post
    Oh right. I really don’t have a problem with what he did. It's a $2 trillion+ stimulus bill, it deserves a floor vote. If Congress was in a rush for recess, the House should've voted on it Tuesday, or Wednesday, or Thursday and not "left" assuming they had unanimous consent.
    Hey, it passed and that's all that matters.
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  13. #43
    Registered User bustasinclair's Avatar
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    Originally Posted by ajdahlheimer View Post
    The part that didn't make sense to me was the actual unemployment piece of the stimulus. It says the unemployed person gets the normal state allotted unemployment PLUS an additional $600 per week (for up to another 4 months).
    It's officially started happening here.

    We prepare payroll for hundreds of businesses and we are getting reports from the owners that employees are asking to be furloughed because they can make more money being on unemployment for the four months. Hopefully this will not become a pervasive issue.
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  14. #44
    Clearly Irrational blue9steel's Avatar
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    Originally Posted by bustasinclair View Post
    I'll start with my kneejerk reaction. I think it really needs to be more needs based. Perhaps each state could set up a website and this could be done on a needs basis; starting with people who have been laid off.
    In a rational world you might be right, but any attempt to skew the distribution would end up grinding to a halt on partisan politics. Doing it this way was the best way to get it passed. Same reason there is $100B-200B worth of pork in there.
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  15. #45
    Da1UnV bodyhard's Avatar
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    My wife has been furloughed from her job, she is now going to collect unemployment, I will see if this additional $600.00 is in affect.
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