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10-01-2020, 02:00 PM
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5,449 posts, read 2,306,956 times
Reputation: 2522
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What if the next stimulus check was only for people with incomes less than $100K or pick another figure.
advantage:
The government would save a lot of money and there would be less debt
disadvantage:
some people 100k and up might feel it was unfair
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but overall would it be better or worse for the country?
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10-01-2020, 02:13 PM
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Location: East of Seattle since 1992, originally from SF Bay Area
40,732 posts, read 72,745,187 times
Reputation: 50277
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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.
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10-01-2020, 02:31 PM
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14,692 posts, read 16,532,489 times
Reputation: 9070
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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.
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10-01-2020, 03:35 PM
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672 posts, read 596,142 times
Reputation: 842
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Quote:
Originally Posted by Vlajos
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.
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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. |
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10-01-2020, 03:51 PM
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Location: Dude...., I'm right here
1,667 posts, read 1,296,168 times
Reputation: 1710
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I did not get a cent of the first stimulus and I'm OK with that. I could have done with the extra $$$ but I consider myself fortunate enough not to need the $$$.
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10-01-2020, 04:28 PM
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5,778 posts, read 3,910,154 times
Reputation: 13034
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Quote:
Originally Posted by jonbenson
What if the next stimulus check was only for people with incomes less than $100K or pick another figure.
advantage:
The government would save a lot of money and there would be less debt
disadvantage:
some people 100k and up might feel it was unfair
__________________________________________________ _________
but overall would it be better or worse for the country?
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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 04:49 PM..
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10-01-2020, 07:42 PM
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Location: San Diego CA
301 posts, read 137,373 times
Reputation: 487
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Quote:
Originally Posted by Thatsright19
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.
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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  |
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10-01-2020, 07:53 PM
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Location: Western Washington
12,804 posts, read 11,949,676 times
Reputation: 21607
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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.
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10-01-2020, 08:11 PM
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5,778 posts, read 3,910,154 times
Reputation: 13034
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Quote:
Originally Posted by rosebud49
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. |
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10-01-2020, 09:17 PM
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Location: Green Country OK
1,366 posts, read 899,194 times
Reputation: 1989
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Quote:
Originally Posted by Thatsright19
The purpose of stimulus is to get money circulating fast.
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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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