Hehe money printer go brrrrrr
Is a one-time covid check even socialism tho when the govt is spending capitalistically gained tax money?
Put my check right in savings so I can send it back next year to pay taxes.
The great equalizer
Jokes on you i never got that check. Mashes all four buttons*
@Cuactemoc4919, if you qualified for it....it might have gotten sent to you as a prepaid debit card, and looked like junk mail.
Thing is, Trump didn’t mastermind the stimulus checks. Congress did. Trump just took credit and wasted more money sending letters saying ‘I gave you this!’. Plus, it didn’t really stimulate anything.
Meanwhile republicans are just hypocrites.
@Cloverleaf, you say that like Democrat’s aren’t hypocrites too.
@pleroma77, in the context of this situation the image is showing, they aren’t really. In other aspects they are, but I’d argue not here.
@Cloverleaf, but I’m sure if congress did something horrible that screwed up the economy you’ll be the first person saying oh no that was all trump
@Cloverleaf, has the us ever forced people to stop working? Forcing people living hand to mouth not have income? Republicans put big boy pants on and compromised for a crisis. The Rep in the house spent a vacation to come to terms with dems to make a bipartisan emergency fund. Nancy Pelosi the Speaker of the House came in after taking her vacation looked at it breifly and called for a new bill. She handed back the same bill a week later with racist policies spurn about it, including a clause to exclude business that didn't have "poc" on boards. This was disputed for another week, where republicans said fine but can we take the racist stuff out, the auditing process would take weeks upon weeks for each business to be verified. Pelosi said no, tried to put in more. Three weeks deep when small businesses needed stimulus two weeks ago, the fund ran out. The reps took the same bill, needing to amend one number to give more funds, Pelosi stoped it for two more weeks.
@Cloverleaf, tldr: if a vegan had a gun placed to his head. He'd die unless he ate some beef, is he a Hippocrate?
@That one lurker, And with the second bill, there was even more useless crap that Pelosi put in that there's no way it would get passed
@That one lurker, and Trump is now saying he won’t sign a new stimulus bill unless payroll taxes are cut. Here’s the problem there.
Payroll taxes, first off, are social security and Medicare taxes. The employer pays half, the employee pays half. Thing is, if someone isn’t currently working due to the pandemic, that means absolute jack for them.
Second of all, this is an attempt to eliminate both of those entirely by trying to eliminate funding. Before you go ‘but why should I pay for these when I’m getting nothing out of it!?’ Well quite simply, it’s essentially retirement funds. You’re basically paying in your working years so you can essentially withdraw from it later. Now imagine if the year before you qualify for either those were eliminated? You just got screwed out of about 8-10% of your income over your working years. If you worked 30 years at 50k, that’s 150k about you paid in.
@Cloverleaf, no, I wouldn't say something like that. My immediate concern is that some businesses are being heavily taxed while making no money, they're still having to pay people on retainer, so both pots are being pulled from to go to the worker at a place in time in the far flung future. It's something that helps both the workers and the busness owner in one, which may be why I hadn't heard about it. Cause it's smart.
@That one lurker, now, tell me something. How much would that save a small business over six months? Let’s say they employ 10 people. If each person makes 50k taxable a year, total combined is 500k. Combined ssa and med tax is 15.3%. That’s the employee and employer split combined. Each covers half that equally.
So that’s 76.5k for all ten employees for a year normally. But we’re looking at 6 months, in essence the rest of the year. 38250. Now, if employees are still getting paid, they’re likely still working. This does not really benefit the small business as they likely temp closed
If they’re not getting paid, the retainment you mentioned is generally called a furlough. Essentially ‘you’re temporarily laid off, when the circumstances that caused it change, your job will be here, but until then you’re not paid.’
@Cloverleaf, (too long for one post sorry)
Furloughed employees are essentially, as said, considered laid off, but have a promised position to return to later, and as such qualify for unemployment.
The small business is running no payroll, therefore they save no payroll tax in this case.
So either a company is not paying its employees as they are closed and not saving from the cuts, or they are running payroll and therefore generating revenue anyway. The issue is the proposal straight up cuts it for ALL companies, including the big corporations. Companies, who, by all rights, should be able to weather this storm.
@Cloverleaf, lastly, yes, people have been forced to not work. Recall winter of 18-19? That government shutdown, the longest in the country’s history? Yeah, that furloughed people for over a month.
@Cloverleaf, Actually Democrats are the biggest hypocrites around.
I see every democrat telling people to go out and riot/protest. Literally a few days before they told everyone to stay inside and never go out till they had vaccines.
Try being honest, or saying factual things. You’ve done neither.
@Cloverleaf, you shouldnt be relying on social security to be your retirement... should have multiple (at least 2) diffrent retirement type of accounts. 401k, Roth IRA, etc. Not just solely social security. Because I doubt most in this app will see it anyways. Funds will deplete either way for social security.
@Cloverleaf, to answer you, 6,375 a month would be enough to get your meat locker refilled. It'd get the glass replaced and product back on the self. It's the difference of one employee being brought back or let go. Even going smaller with the numbers you gave 637.50 is a person's welfare check. 3.98$ is pulled from your check an hour and that doesn't bother you? Cause it pays off someone else's Social Security.
For big business what would you exspect? Anything that helps the little guy helps the big one to. I think it was harvard that took some stimulus money and had to be threaten to before it was finally relinquished. So there may always be stuff like that, I'd argue that the large corporations would like if the tax was higher. One of the large lobbyists and the fight for 15 for example was McDonald's and Walmart. Cause they have the money to fire people, put in kiosks, and force a cut to foreign branches to make the difference back. While small businesses close down permanently.
The stimulus checks aren't socialism, dumbass, sending a stimulus check EVERY MONTH os socialism.
@Captain Swordsman, government ownership of the means of production, coupled with the abolition of private property rights and a command economy is socialism. Public policy, social policy, etc isn’t socialism.
@PB2, it's mostly to say. We the government are preventing you from working. So here is money so you'll survive and more importantly we'll survive
@voided sanity, Thank you. I would have been totally against the checks if the government itself didn't tell everyone they couldn't make a living for themselves
*whispers* “everyone is infected.”
Free money is free money
What are you checking about covid?
Covid Check isn’t socialist as the government doesn’t own businesses. Its more a bailout.
China is socialist, since the government owns the main and largest companies there. To my knowledge they didn’t do the same thing.
As of writing this, I still haven’t cashed in my Covid check.
@ Michishige Shou, actually, China is fascist. They are extremely nationalistic, xenophobic, and the government owns/runs everything. But the thing is, fascism and socialism are two sides of the same coin. They may start in different political spaces, but they both end up in the same place.