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IMO something really big like the above is necessary.
Along with something akin to Manhattan Projects in medicine and energy (fuel sources, batteries etc.).
We've been caught with our collective pants-down with this version of coronavirus. We owe it to our kids and young people to do much better in this regard down the road.
IMO something really big like the above is necessary.
Along with something akin to Manhattan Projects in medicine and energy (fuel sources, batteries etc.).
I agree. They've already cut interest rates 50 BPS and will probably do another 50 BPS soon. The payroll tax holiday is a good idea, as it helps both employees and employers, although the long term effects on social security and medicare need to be carefully considered here as well. Corporate retention tax credits are needed to encourage employers to avoid laying off workers.
I heard they are considering a student load payment holiday of 3-6 months too, which I think is a good idea, especially considering would help mainly younger people making less money. I would think they could do the same with credit cards, car payments and mortgages if wide scale lock downs and work/school closures were ordered.
Access to low interest loans for the industries hardest hit such as airlines, cruise lines, hotels and resorts/casinos, oil, etc are also needed. Perhaps a "dumping" tariff on Saudi oil?? I like cheap gas and home heating oil as much as anyone, but I don't like foreign countries manipulating markets to destroy American industries either.
A 7% increase in my net income would just get saved
Same here, but that's ok. I'd venture to guess that you and I are in the minority. Most people would use it for necessities that they are completely unprepared to provide for in the event of a job loss, even a temporary one of a few weeks.
But doesn’t really do any good from an economic impact standpoint
Quote:
Originally Posted by treasurekidd
Same here, but that's ok. I'd venture to guess that you and I are in the minority. Most people would use it for necessities that they are completely unprepared to provide for in the event of a job loss, even a temporary one of a few weeks.
But Folks lose their job or reduce hours wouldn’t benefits from this
We need something, otherwise there will be mass layoffs. The layoffs are already happening.
So, explain to me in real small words, how a payroll tax cut will help anyone who is not working, and how much help it will be for someone making a very low wage.
It's another orange monkey gift to the corporations and the high waged.
The man represents the distillation of the GOP and is unable to think of anything outside its tiny ideological box. Maslow's Hammer in action at the largest possible scale.
So, explain to me in real small words, how a payroll tax cut will help anyone who is not working, and how much help it will be for someone making a very low wage.
It's another orange monkey gift to the corporations and the high waged.
The man represents the distillation of the GOP and is unable to think of anything outside its tiny ideological box. Maslow's Hammer in action at the largest possible scale.
So when Obama did it when unemployment was through the roof, it was a great idea right? But now, when unemployment is the lowest in 50 years, it's a horrible idea.
Got it.
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