This stimulus is a joke.

I am in the boat with you.

The purpose of this bill is to buy votes. Nothing else.

stimu-this wrote:

If you make under $100,000, you get money.

If you make over $100,000, you do not.

None of this has to do with... did you get laid off from work during this period? Are you affected by the economy shutting down?

Falling into the latter category and being laid off during this period, I not only pay more taxes to support the people that don't make that much money, but I am in a 'group' that gets discriminated against (yes, I went there) and does not get any financial help during this crisis, all the while not being able to work.

Seems fair. Bravo America.

Uhhh... you will get an extra $600/week on your unemployment for up to four months so you are getting ~$10,200 in 'stimulus' funds over the 4 month... I'm getting nothing, but that's fine, I still have my job and I can't go out to eat or travel or do much of anything so I'm saving more than that in frivolous spending.

I agree, it was a pretty crappy stimulus deal. Most people (more than 50%) aren't actually affected in their income right now. Most people work a job they can do remote, or it's 'essential' and they are still going in to work.

The married people that make under $150K and have kids are the ones making out reeeaaal good with this. My sister and her husband make in the ball park of $90k-$100k, with two kids. They are a nurse and a teacher. They live somewhere that has only a few confirmed cases out of several hundred thousand people. They aren't at risk of losing their jobs, because one is paid for by taxes and the other, nurse, is not going anywhere. They are receiving a $3400 check from this, and haven't been hurt financially at all. Meanwhile, like you said, a single person making $100k gets nothing, even though they may have been laid off. Yes they can get unemployment insurance, but that would happen anyway.

If anything they should have just made some increases to unemployment, and extended it to types of jobs that don't pay into unemployment insurance and are currently affected. Would have saved the tax payers a ton of money in the future. Instead, we are adding $2 trillion to the national debt in one month.

Except if you own a small business. Then you get nothing. Although small business owners can take a loan out. Nothing like making no money during a crisis and adding debt on top of it.

If the money going to bail out large businesses was instead even distributed to all Americans, it would be about 18k per American.

How can you make that much money and be so dumb?

The unemployed people are getting extra per week.

And without everyone making money, you wouldn't be able to make money.

This is a standard right wing wealth transfer from the middle class to the 1 percent.

I'd say "nothing more, nothing less," if that were accurate. Because the "more" bit is that it's an effort to assure votes from 100 percent of flyover states, and from much of the Bernie crowd.

angry at fidelity wrote:

Except if you own a small business. Then you get nothing. Although small business owners can take a loan out. Nothing like making no money during a crisis and adding debt on top of it.

If the money going to bail out large businesses was instead even distributed to all Americans, it would be about 18k per American.

I suppose it depends on how your business is set up. My brother set his up as a corp. with him and his wife as employees. They both filed for unemployment because his business was pretty much shut down by the state. His employees could presumably get unemployment as well. Still, that won't help with a lot of his overhead if he wants to keep from going out of business...

Also, I'm in no way implying it's a good plan. But that's why people should vote because there really only seemed to be one rational adult in the room and apparently a lot of people don't agree with that person's views so this is what you get.

I you make over $100,000 and don’t have any savings, your problem is bigger than relying on the government to bail you out

It's not that I don't have savings or need a bail out, I'll be just fine.

But I work hard to earn what I do, I contribute immensely to the government through taxes, and I do not see anything on the other side.

And it's not an extra $600 dollars per week. It's only $600 dollars per week.

That extrapolates to $31,200 per year. Should I qualify for the stimulus now?

rg2 wrote:

I you make over $100,000 and don’t have any savings, your problem is bigger than relying on the government to bail you out

exactly. why are all these major industries getting bailed out? airlines have no savings? businesses have no savings? banks have no savings?

Man, 100k a year isn’t that much! You guys act like it’s 500k a year.

You have a family and live in a not cheap place and 100k isn’t a lot.

Hayduke wrote:

rg2 wrote:

I you make over $100,000 and don’t have any savings, your problem is bigger than relying on the government to bail you out

exactly. why are all these major industries getting bailed out? airlines have no savings? businesses have no savings? banks have no savings?

Well, no, they have no savings. Because well, the funds that own them in your name believe they bring more money to your retirement plan if they operate with an agressive gearing ratio, which is actually true in a world with super low interest rates but can prove dangerous when facing a financial crisis.

angry at fidelity wrote:

Ahead of the Curve wrote:

Uhhh... you will get an extra $600/week on your unemployment for up to four months so you are getting ~$10,200 in 'stimulus' funds over the 4 month... I'm getting nothing, but that's fine, I still have my job and I can't go out to eat or travel or do much of anything so I'm saving more than that in frivolous spending.

Except if you own a small business. Then you get nothing. Although small business owners can take a loan out. Nothing like making no money during a crisis and adding debt on top of it.

If the money going to bail out large businesses was instead even distributed to all Americans, it would be about 18k per American.

You need to do more research on the small business aspects if that was your takeaway. You’re leaving free money on the table.

Hayduke wrote:

rg2 wrote:

I you make over $100,000 and don’t have any savings, your problem is bigger than relying on the government to bail you out

exactly. why are all these major industries getting bailed out? airlines have no savings? businesses have no savings? banks have no savings?

$100,000 is not that much income in some parts of the US...

sbeefyk2 wrote:

The purpose of this bill is to buy votes. Nothing else.

Agreed. Then again, a lot of this response is turning into that. I am by no means a fan of Trump, but every time we get new cases, CNN releases so new article telling everyone the virus is solely Trump's fault because they aren't doing enough to stop it, didn't act early enough, etc. (Some of which is true). But my point is, instead of finding better ways to handle it or give some hope/uniting both sides to make a difference in this disaster, many news outlets and politicians are just using this to take shots at each other or the other party of this or that and it's ridiculous. Why I hate politics. 95% of the time the only time they care about anything is so that they can "buy votes" to benefit themselves, bash others etc. This goes for both sides of the spectrum, just used CNN as an example bc I just happened to read that before typing this....

If you own a big business, you get billions

Did you even read the parameters of debt forgiveness for small businesses?

I guess instead of taking the time to learn you went on this site to look like an idiot.

Hayduke wrote:

rg2 wrote:

I you make over $100,000 and don’t have any savings, your problem is bigger than relying on the government to bail you out

exactly. why are all these major industries getting bailed out? airlines have no savings? businesses have no savings? banks have no savings?

Our government and federal reserve have been actively discouraging them from holding onto cash for decades with artificially low interest rates and propping up inflation. As long as we (both parties) keep doing the Keynesian thing then it's only fair that industries get emergency loans when they're directly impacted by government orders to cancel flights and stay home.