What if the next stimulus check was only for people with incomes less than $100K ? (debt, money)
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Location: East of Seattle since 1992, 615' Elevation, Zone 8b - originally from SF Bay Area
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It would be fine with me, we got it last time but didn't need it since we both still work, from home, and are saving commute costs. We felt a little guilty but then it was called "stimulus" money, not supplemental or replacement income so we got over it.
If anyone is employed at more than poverty wages, which really don't exist other than in high cost locales like CA and NYC, then no stimulus money should be given. Obviously people that have lost jobs due to the pandemic and related government shut downs need some support.
If anyone is employed at more than poverty wages, which really don't exist other than in high cost locales like CA and NYC, then no stimulus money should be given. Obviously people that have lost jobs due to the pandemic and related government shut downs need some support.
You think someone making $13/14 hours, that may be working at reduced hours now, couldn't use a little help? What about the families that have young kids that are doing virtual learning for school right now, somebody has to stay home, so that's definitely impacting income for some.Not everyone has work from home jobs.
I did not get a cent of the first stimulus and I'm OK with that. I could have done with the extra $$$ but I consider myself fortunate enough not to need the $$$.
but overall would it be better or worse for the country?
It would be worse for the country because one of the reasons to get money into the hands of people who make more is because they will think differently about how to spend it and where to spend it.
A person making more, might go blow it on a hotel stay. That’s directly helping lower income hotel employees stay working, ect. They might spend it on eating out with family...stimulating restaurant employees.
Last edited by Thatsright19; 10-01-2020 at 03:49 PM..
It would be worse for the country because one of the reasons to get money into the hands of people who make more is because they will think differently about how to spend it and where to spend it.
A person making more, might go blow it on a hotel stay. That’s directly helping lower income hotel employees stay working, ect. They might spend it on eating out with family...stimulating restaurant employees.
I am a higher income earner but I would not go out to eat nor stay at a hotel with COVID-19 going around.
I am a germaphobic, no thanks.
Happy staying home eating salad from my veggie garden
I would be ok with that. I banked the first stimulus payment and have not spent it, so if I did not get anything from a second round, that would be fine. I would hope that people earning under $100k would get a bit more because of the cutoff, rather than just excluding higher earners.
I am a higher income earner but I would not go out to eat nor stay at a hotel with COVID-19 going around.
I am a germaphobic, no thanks.
Happy staying home eating salad from my veggie garden
And that’s fine. You aren’t everyone. And it could be extended to be for food take out....or clothes....or a new tv. It’s important to get people who will spend it differently than someone who isn’t well off. The purpose of stimulus is to get money circulating fast.
The purpose of stimulus is to get money circulating fast.
Exactly! As some have already said, it's stimulus money not unemployment or some other sort of financial support based on need. I say that if you receive (or received last time) and you didn't really "need" the money, make sure you go out and spend it since consumer spending keeps the economy strong.
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