U.S. CitiesCity-Data Forum Index
Covid-19 Information Page
Go Back   City-Data Forum > General Forums > Economics
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
 
Old 04-14-2020, 05:13 AM
 
45 posts, read 15,220 times
Reputation: 86

Advertisements

Quote:
Originally Posted by Chanteuse d' Opéra View Post
Thoughts? My expectations are low..

https://www.usatoday.com/story/news/...ge/2961683001/
There needs to be, a second stimulus check I mean.

I also think they should institute a $2,400 per month Universal Basic Income for at least four months for those Americans who aren't on unemployment benefits and make less than $75k. Since right now unemployment is on steroids but many Americans either don't qualify due to stringent requirements and greedy companies rejecting claims,
Reply With Quote Quick reply to this message

 
Old 04-14-2020, 05:23 AM
 
8,893 posts, read 4,767,714 times
Reputation: 19088
Quote:
Originally Posted by UCisannoying View Post
There needs to be, a second stimulus check I mean.

I also think they should institute a $2,400 per month Universal Basic Income for at least four months for those Americans who aren't on unemployment benefits and make less than $75k. Since right now unemployment is on steroids but many Americans either don't qualify due to stringent requirements and greedy companies rejecting claims,
Requirements are not stringent and "greedy companies" have no incentive to reject claims at this time as the stimulus act does not allow current unemployment to count against their rating by the states.

Essentially, if you have worked at a job long enough to qualify for benefits and you have now been laid off or furloughed, you get both state benefits and federal benefits. In some states you need not even look for work while collecting during the crisis. If you simply quit your job and walked away or got caught stealing or were fighting on the job you normally won't qualify. Is that what you consider stringent?
Reply With Quote Quick reply to this message
 
Old 04-14-2020, 05:29 AM
 
45 posts, read 15,220 times
Reputation: 86
Quote:
Originally Posted by BugsyPal View Post
Don't understand who these people are who are moaning about $1200 not being sufficient.

Unemployed are getting $600 more per week on top of their regular benefits. That alone is a healthy portion of money per month, likely more than many were earning (thanks to that bonus) in first place. On top of that they are getting $1200 tax free stimulus money.

https://www.cnn.com/2020/04/07/polit...mic/index.html


Sounds to me those clamoring for more free money are the ones who were broke/busted before this pandemic and will be so afterwards without a steady and healthy infusion of other people's money.
How many are actually receiving Unemployment Benefits though? Anyone can apply but many claims can, and will, be rejected. So basically only a select few will actually receive the extra $2400 via unemployment. Everyone else gets $1200, if and when it ever gets deposited, and that's it.

Essentially they are pretending to help everyone but are actually giving more money to wealthy owners of corporations and leaving the majority of Americans to fend for themselves high and dry.
Reply With Quote Quick reply to this message
 
Old 04-14-2020, 05:35 AM
 
45 posts, read 15,220 times
Reputation: 86
Quote:
Originally Posted by kokonutty View Post
Requirements are not stringent and "greedy companies" have no incentive to reject claims at this time as the stimulus act does not allow current unemployment to count against their rating by the states.

Essentially, if you have worked at a job long enough to qualify for benefits and you have now been laid off or furloughed, you get both state benefits and federal benefits. In some states you need not even look for work while collecting during the crisis. If you simply quit your job and walked away or got caught stealing or were fighting on the job you normally won't qualify. Is that what you consider stringent?
That is a stringent requirement.

Most jobs in the economy were not even full time jobs they were temporary jobs through agencies. And these agencies laid people off as soon as they saw that you might be able to collect Unemployment benefits citing false reasons or anything they can think of to block a claim. You're living in a fantasy world; these companies do not want you collecting Unemployment Benefits.

And your comment on work search requirements being relaxed is pointless; since that only applies if you're actually already receiving the benefits.
Reply With Quote Quick reply to this message
 
Old 04-14-2020, 05:39 AM
 
45 posts, read 15,220 times
Reputation: 86
Quote:
Originally Posted by howard555 View Post
Here is the story I was quoting. There's another one saying for many the $1200 might last them 3 months as far as help.

"Four in 10 Americans making $80,000 or more a year say their stimulus checks won’t sustain their financial well-being for a full month."

Well excuse me and millions of others, they must be living high on the hog if they even need the $1200 to begin with and we are so sorry that because their income is above $75,000 you won't get the full $1200.
Some people live on under $20,000 a year and those on $80,000 can not?

https://www.bankrate.com/surveys/cor...imulus-checks/
If they are making $80k per year they should not even need the stimulus. It starts getting phased out at $75k anyway.
Reply With Quote Quick reply to this message
 
Old 04-14-2020, 08:19 AM
 
Location: It's in the name!
6,274 posts, read 7,467,288 times
Reputation: 2828
Quote:
Originally Posted by UCisannoying View Post
If they are making $80k per year they should not even need the stimulus. It starts getting phased out at $75k anyway.
Guys, context. $80k isn't what it used to be in 1980. Wages have stagnated for 3 decades. What does that mean? Less buying power for those who are not wealthy. Why does $80k sound like a lot of money? Do you live in one of the most expensive MSAs? NYC, San Francisco? DC? If not, $80k is NOT a lot of money. Especially for a family of four.

ANd before you say, "Well you can eat cat food, walk, and use an Obama phone." Nobody should have to waste their lives WITH a job living like that. Should they be ballin'? No. But people should be able to carve out some sort of meaningful life without people like you bashing them for not being able to save 20% of their income.

If you want to bash someone for not saving enough, there are plenty of targets. They are listed on the stock exchange.
Reply With Quote Quick reply to this message
 
Old 04-14-2020, 08:22 AM
 
Location: Boston
12,976 posts, read 3,737,209 times
Reputation: 9229
I have a retired friend receives a 6 figure federal pension, cuts grass at a golf course 6 months a year just for something to do, now he's laid off from that so now on top of his pension he's collecting unemployment and the $600 extra a week too. Normally he collects unemployment in the winter when his grass cutting job is over. Nice gig if you can get it...
Reply With Quote Quick reply to this message
 
Old 04-14-2020, 08:35 AM
 
103 posts, read 86,698 times
Reputation: 186
Federal Government needs to set up a THINK (comprised of genuine common sense political business and political genuis') TANK immediately. We will never become a democratic powerhouse again until we bring all those jobs and all the manufactured goods back to the USA (China is Job #! Culprit). Worldwide Trade is a disaster! China has America by the Ying-Yang look at medicines, China is now threatening UK about no 5G U-turn on Huawei after the pandemic.

We all have a dog in the hunt on this one! MADE IN AMERICA WILL RETURN THE MIDDLE CLASS! STOP ALL TAX BREAKS TO CORPORATIONS AND THE RICHEST INDIVIDUALS! Bill Gates just got the message, he just quit his MS Chairmanship to begin giving BILLIONS for research to bring a COVID-19 vaccine to the marketplace NOW! Money does not buy souls!
Reply With Quote Quick reply to this message
 
Old 04-14-2020, 08:35 AM
 
45 posts, read 15,220 times
Reputation: 86
Quote:
Originally Posted by skeddy View Post
I have a retired friend receives a 6 figure federal pension, cuts grass at a golf course 6 months a year just for something to do, now he's laid off from that so now on top of his pension he's collecting unemployment and the $600 extra a week too. Normally he collects unemployment in the winter when his grass cutting job is over. Nice gig if you can get it...
He's able to cut grass for a living because he "has a 6 figure federal pension." Context. Personally I don't think he should be getting the $600 per week, from Unemployment, if he already has a six figure income; but that's just me.
Reply With Quote Quick reply to this message
 
Old 04-14-2020, 08:50 AM
 
Location: Live in NY State, work in CT
9,544 posts, read 15,596,775 times
Reputation: 3795
It depends on where we are 4 months from now when the $600/week unemployment boost ends. Contrary to what some say, that was a very generous "stimulus" targeted at the people who are truly losing money right now and I think as long as that's going they won't do a 2nd stimulus round.
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply

Quick Reply
Message:

Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > General Forums > Economics
Follow City-Data.com founder on our Forum or

All times are GMT -6.

© 2005-2020, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Contact Us - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37 - Top