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Old 04-13-2020, 10:49 AM
 
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Direct deposit is already hitting accounts. It won't be available for disbursement until April 15th though.
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Old 04-13-2020, 02:20 PM
 
Location: Buckeye, AZ
31,490 posts, read 17,717,705 times
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Quote:
Originally Posted by weezerfan84 View Post
Direct deposit is already hitting accounts. It won't be available for disbursement until April 15th though.
I'm glad it is for everyone else, I need mine to stat.
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Old 04-13-2020, 02:32 PM
 
11,330 posts, read 15,916,842 times
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Quote:
Originally Posted by Taiko View Post
The name might be "stimulus" for political consumption but they certainly look like social security basic income to tide people over until governments let them get out and work again. And since the lock down time has roughly doubled since the first bill passed I wouldn't be surprised if round two comes with next months continued lock down.
I agree with you on that. Someone or many someones in one political party or the other or both, lobbied for everyone. At one point as far as who might get it, those with incomes high as $75,000 would get it and the seniors or others under $20,000 income would not get it. Finally they came to their senses. You give $1200 to $75,000 incomes and not the under $20,000 incomes? No way.
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Old 04-13-2020, 04:03 PM
 
Location: Where the sun always shines
2,159 posts, read 2,795,563 times
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Quote:
Originally Posted by howard555 View Post
I agree with you on that. Someone or many someones in one political party or the other or both, lobbied for everyone. At one point as far as who might get it, those with incomes high as $75,000 would get it and the seniors or others under $20,000 income would not get it. Finally they came to their senses. You give $1200 to $75,000 incomes and not the under $20,000 incomes? No way.
Because the under 20,000 crowd likely pays no Federal taxes
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Old 04-13-2020, 05:57 PM
 
Location: It's in the name!
6,326 posts, read 7,487,014 times
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Quote:
Originally Posted by Mindraker View Post
If the Coronavirus wipes out a huge portion of the prison population and the elderly, this is "the" answer to our budget problems. Social security? Medicare? Baby boom health care? Overspending on prisons?
Wow, all taken care of.
That is NOT the answer to our budget problems. The answer to our budget problems is that corps and anyone worth millions and above need to pay a fair tax.
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Old 04-13-2020, 06:59 PM
 
Location: Tennessee
27,691 posts, read 20,676,352 times
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Quote:
Originally Posted by howard555 View Post
I agree with you on that. Someone or many someones in one political party or the other or both, lobbied for everyone. At one point as far as who might get it, those with incomes high as $75,000 would get it and the seniors or others under $20,000 income would not get it. Finally they came to their senses. You give $1200 to $75,000 incomes and not the under $20,000 incomes? No way.
And it really needs to be indexed to local COL.

I made it a bit under that last year and received my check today. Assuming the bottom doesn't fall out, I'll be over the limit this year. I live in a small town in Tennessee. $70k here is totally different math than NYC, SF, etc.
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Old 04-13-2020, 07:11 PM
 
Location: It's in the name!
6,326 posts, read 7,487,014 times
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Originally Posted by gg View Post
Hopefully not. The snowflakes shouldn't really get everything they want and I am tired of the media running everything with no common sense. Let the chips fall sometimes. They call it shaking the tree. Sorry, people need to save for rainy days and those that do, shouldn't have to pay for those that don't.
WHat you fail to understand is that all things aren't equal. If everyone were you, had your job, your career, your income, and they had no savings. Then sure. Your argument holds merit. But I get tired of people saying people should have done this or people should have done that. You're lucky. We get it. You made it. You were unscathed by any life altering bankrupting life event.

There will always be poor people. Poor people don't choose to be poor. Who does? It is just that there are more barriers to opportunity than others. There are a series of life events that prevented them from achieving what you think they should achieve. Some people, no matter how hard they try, are discriminated against. And therefore have less options open to them.

Stop believing everyone that hasn't achieved what you achieved is somehow lazy or financially irresponsible.

Yes, they may have an iphone or nice shoes. Teh monetary difference in these products aren't life changers. THese people aren't throwing tens of thousands of dollars away every year. Let's stop that tired argument that if they had not bought an iphone, they would be part of the middle-class. It's not even a logical argument and doesn't take into account other factors surrounding the barriers to the middle-class.

Hell if all people had to do was not buy an iphone and they'd suddenly have a middle-class income to save, Apple would go out of business. Obviously that isn't the case.
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Old 04-13-2020, 08:31 PM
 
Location: Buckeye, AZ
31,490 posts, read 17,717,705 times
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Quote:
Originally Posted by mkpunk View Post
I'm glad it is for everyone else, I need mine to stat.
In an update mine comes in Wednesday according to mobile banking...
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Old 04-13-2020, 08:59 PM
 
Location: Houston
2,506 posts, read 920,091 times
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Quote:
Originally Posted by adelphi_sky View Post
WHat you fail to understand is that all things aren't equal. If everyone were you, had your job, your career, your income, and they had no savings. Then sure. Your argument holds merit. But I get tired of people saying people should have done this or people should have done that. You're lucky. We get it. You made it. You were unscathed by any life altering bankrupting life event.

There will always be poor people. Poor people don't choose to be poor. Who does? It is just that there are more barriers to opportunity than others. There are a series of life events that prevented them from achieving what you think they should achieve. Some people, no matter how hard they try, are discriminated against. And therefore have less options open to them.

Stop believing everyone that hasn't achieved what you achieved is somehow lazy or financially irresponsible.

Yes, they may have an iphone or nice shoes. Teh monetary difference in these products aren't life changers. THese people aren't throwing tens of thousands of dollars away every year. Let's stop that tired argument that if they had not bought an iphone, they would be part of the middle-class. It's not even a logical argument and doesn't take into account other factors surrounding the barriers to the middle-class.

Hell if all people had to do was not buy an iphone and they'd suddenly have a middle-class income to save, Apple would go out of business. Obviously that isn't the case.
I totally agree with you. I think that capitalism is a sick system that picks its winners and losers much like our government. You could say that I’m somewhat of a closet Marxist-Leninist. I certainly did not have an easy life, but I worked hard and diligently, much like others, and am lucky in some respects I suppose. I get tired of our govt constantly rewarding the poor and the very rich, of which I am neither. I don’t have enough to be truly “rich” (monetarily anyway) and lose out on the free govt giveaways. Yet, ppl like me are ALWAYS expected to loyally pay our taxes and receive nothing in return (constantly). Since I am self-employed this year, I’ve pretty much made up my mind that it’s not busting butt anymore in this “socialist” country. My home is paid for and I have zero debt, I don’t “need” a stimulant check, but it would be nice to be recognized by the govt since I still have to pay for healthcare, household maintenance, some of my mother’s expenses, etc. on a single income. I hate the ”game”, not the “playah”.
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Old 04-14-2020, 12:25 AM
 
9,015 posts, read 4,811,589 times
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Quote:
Originally Posted by Northern Maine Land Man View Post
Second round of stimulus checks? They are still trying to plan a first round.


At the end of George Bush's term he sent $600 stimulus checks to social security recipients. We spent our $1,200 on an economic stimulus wood splitter.

When Obama got in, he sent out $300 checks to buy ammunition.
That's a perfect example of how stimulus works. People made the steel that went into that splitter and somebody bent it up into a frame; some other guys took a bunch of metal and made a motor out of it; another bunch took glass, metal and a couple of other things and created a spark plug to get it started and a bunch more mixed up a batch of paint to coat it with. There may have been a crew in a tire plant somewhere making rubber and molding it into tires to go on those wheels made by somebody else.

How many times did all those individual components get hauled around by a truck with a driver before it finally got to a warehouse where some other guys moved it around? How many payroll and benefits people were working on taking care of all those people who made the stuff? How many worked in the banks that handled all the financial transactions needed to keep production going? How many were involved in getting petroleum out of the ground and refined into the gasoline you need to keep it from being just a big doorstop?

How many salespeople were involved in selling each raw material or component to the next user and how many people were involved in selling it to you? Congratulations! You did your part to stimulate the economy and if you decide to sell some of the wood you're splitting, you'll contribute even more. Ideally everything mentioned here was done here but reality tells us it is not but even importers have people to do the work and spread their salaries around.
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