The liquor industry is still part of the economy
@mm4, exactly. The point is for people to spend it or invest it. People that just plunk it in their savings accounts will be the buttholes.
@WelI Obviously, I make roughly 26k a year and pay for college out of pocket and let me tell you if someone gives me a grand it's going RIGHT in savings. Unlike seemingly 90% of people I know how to budget and not let money burn a hole in my pocket
@theshadosnipe, that's fair, I guess im thinking more of the people that don't need to save it. Props to you for having good financial habits! Not a trait the majority of people share unfortunately.
@theshadosnipe, ORRRR you can buy some extremely safe stocks that are guaranteed to double or triple in price (back to their original price before people started being lunatics). Put 2k in your savings and make even more on the other grand in the market
@Drunk Pantless Uncle, I'll be honest, I don't know the first thing about playing the stock market... I don't like gambling in general, even if it is a really safe bet. I tend to just stick my money in savings when I have some extra and call it a day
@theshadosnipe, do you have a retirement account at least?
@WelI Obviously, yup. I think I have about 4k in it so far. Not great but I also don't have much money to spare
@theshadosnipe, nah that's great! The fact that you regularly contribute to it is more important than how much you contribute. Especially early on :)
@WelI Obviously, that is going straight to my credit card to pay for the extra groceries we had to buy because of all the panic buying. I have 2 at risk people staying home, I've been doing the shopping by myself.
@theshadosnipe, in all honesty you could ask 100 people and get 100 different pieces of advice (some that contradict others). But, it a time like this, it almost isn't gambling at all. Businesses that are "too big to fail" will get bailout money from the government or rebound in a year or 2. Take Disney for example: a world wide company witch their hands on just about every facet of life. Theme parks all over the world movies, tv shows/broadcasters, merchandise, toys, license agreements, hotels, you name it, Disney has a part in it. They are publicly traded and for the last year have averaged $150 per share and right now are at $97. I would bet that when this thing blows over and parks reopen and movies start showing again that their stock will surge past where they were before the crash. You can probably double your money on one of the safest companies out there
@theshadosnipe, Dave Ramsey would be proud.
@Drunk Pantless Uncle, this person knows
Sex, drugs & rigmarole
Still helps the economy....
Buy ammo. Or a pitchfork, whatever works for ya...
Tax money went back to them and you did boost the economy
It's my hard-earned money. I'll do whatever I want with it and won't judge others for doing the same.
Is anyone actually getting this money yet?
@Awc123awc, well if the Democrats sign it today then yes, and you also need a taxable income in 2018 and 2019. If it's less than 75,000 then you will receive around a 1000 bucks, maybe more maybe less depending on your taxes, and if more than 75k you get around 500 dollars less depending on your taxes. Families will receive an extra 500-600 dollars per child, and special no interest business loans and tax subsidies will be given to small business owners.
@ Seductive Cheeto, the Democrats turned it down again and responded with a 1404 page response that includes pretty much everything the Democrats could possible ever want to accomplish. They are holding the country hostage to get thier plans through and it makes me sick. I try to assume ignorance before malice but this one is hard. I think this move is just awful.
@Khjunky, don’t forget. Nancy edited it and submitted across the aisle for review and it was noted she added the word diversity” 32 times.
@Khjunky, this is gonna be the downfall of the democrats when the elections come this year
@FaceGhost, from your lips to every Americans ears
@Khjunky, it was turned down by the Democrats because the majority of the stimulus bill went to allowing funds and tax cuts to be made available for corporations and those receiving bailouts were to not be made public for 6 months.
@Khjunky, have you read what deal said? It basically says fvck the people and hail the businesses.
@Khjunky, yep, they put things in that has NOTHING to do with what's going on.
@Khjunky, don't forget, they only had the majority because a single Republican got covid-19, two self quarantined because of close contact with the that guy, and around three others did the same out of the blue. I personally don't agree with the stembill but I understand that in the short-term the people that's working trash jobs may not have the stock of supplies other people may have. So getting a few weeks pay for food money could save them from rioting. So even if I don't agree with it I understand we're in a crisis and compromises need to be made.
@Khjunky, isn't the whole basis of economy that you can't just print out more money? Where's this money they plan on giving everyone coming from?
@theshadosnipe, normally I would wholeheartedly agree with you however the government cant take something from you without compensation if you've done nothing wrong. They have effectively taken away everyone's ability to make money and must be compensated for that.
TL;DR they shut it down because all the "free" money to the citizens was to be taxed and paid back to the government after a years time. They dont want it taxed at all or paid back and they dont want it based on taxes they just want to do it because it's the right thing to do in a national crisis. They also didnt want the 500mil or bil whichever it was of money going to corporations tax free and with no need to pay it back. You all have your senses wacked, citizens that need it should get the no strings attached money, not billion dollar corporations. Anyone that thinks otherwise is a fool, if you don't bail out the workers what the fúck does it matter if a company exists when the people that make those corporations billions are treated like literal garbage by those corporations and can't survive in a time of crisis, helping the workers impacts the economy far more than some holier than thou company, without the workers companies dont make sh!t
Y'all are worried about WhErE iS tHe MoNeY fOr ThE cItIzEnS gOiNg To CoMe FrOm but no one seems to give a damn where this non taxed never have to pay it back money to the corporations was going to come from. Tax payer money should be spent on Citizens not billion dollar corporations that have so many tax loopholes it makes swiss cheese look totally solid
@Khjunky, I understand that but normally people get paid from their jobs, not the government. Would they just give us money back from what they get from taxes or what?
@Duranu, dude, take a breath. You're going to have a stroke. Take a few college economic courses and you'll answer your own questions
I understand the economical impacts of destroying every local economy across america by stiffing the citizens in their time of need and instead giving tax free never have to pay it back money to corporations. In the history of ever, corporations have never done anything to help their workers the countless times they have been bailed out, workers never see a dime of that money like people try to say they will. if you somehow need a bail out when you make hundreds of millions in pure profits (because workers could afford to live up until that point and buy your products) after paying everything you need to pay, you have failed as a company and need to move on or have someone that knows what the hell they are doing as a CEO and management instead of taking 100% free tax payer provided money to keep your sh!ttank floating
@theshadosnipe, It would get added onto the already tremendous debt and would eventually have to be paid back in taxes... IF we ever manage to start tackling our debt.
@Duranu, may I ask your occupation? Are you the CEO of a multimillion dollar corporation or work for the government treasury? Have you considered there may be more to it then simplifying it as you have? The government likes money as much as corporations. They don't typically give it away without good reason
@Khjunky, oh good... could we not take the money if we feel financially stable? I really don't want to pay back a grand that I don't already owe...
@Duranu, first of all I agree that bailout are terrible. If a company cant make money then it should go under. However the employees do see that money, they get paid
@Duranu, what are you talking about not paying it back? They were corporate business loans. You pay back loans. And a bailout implies the businesses were tanking on their own and the government stepped in to save them. This is the government crushing the economy and as a result they need to use the tax money they take, and send some back to the people and businesses that they took it from to keep them afloat while people follow their government mandated stay at home orders. There are other bills that can get passed, this is only about helping people and businesses get by while this passes. This is not a time for any other partisan crap.
@theshadosnipe, I wouldnt think you could turn it down. Even if you didnt cash the check if we get it you would still be on the hook for everyone else that did
@Khjunky, man that's lame... right now the only loan i money i owe is a car loan and I only have 7k left on that. I don't like owing people money...
The bill wasn't going to be a loan, it was going to be tax free they never have to pay it back, Congress is full of idiots and the american people get fooled every 3 years into thinking the next president will make things better not understanding a lot of Congress has been there 40+ years, if you want change change congress as they come up with all the time wasting BS. The smartest simplest thing to do which congress will never be able to figure out because again they are all idiots, is 2 bills no extra BS from either side trying to sneak things in, you have one bill strictly for the citizens and 1 bill strictly for corporations. Citizens is simple, give them back their tax paid money for the checks at no cost to the citizens ever, American money is taxed countless times before hitting the hands of citizens already as it is. For corporations actually make them pay it back leaving no room for loopholes. The majority of companies that ever got a break did illegal things with it or used
Loopholes to only have to pay back a fraction or none at all, there have only been a handful that actually paid anything back at all or even the whole amount. corporations and the government are what messes up the economy the most, the government makes all these tax breaks and loopholes for them and never get back the money they put in
@Duranu, you never did answer my question. What makes you the authority on the subject? Right now it's like listening to a moody teenager who took a civics class in high school.
Peoples occupations don't make a damn bit of difference, if you want everyones credentials how about providing yours for everyone, we are having a conversation here not a digital dick measuring contest
@Duranu, sure. I work at a high-end window company in Wisconsin while going to school to get my network administrator degree. The difference here is I'm not claiming to know the ins and outs on in-depth government workings while you seem to believe you have all the knowledge in the world
No one said anything about being all knowing but you should research it for yourself instead of only what you hear on the internet or news and instead of trying to rail road others because they don't agree with you or whatever reason you may have. In high school and college I took as many government and economic classes I could back then as well as doing my own research to make my own opinions and understandings in the matters. The bottom line is if the local economies fail the main economy wont be far behind it and no amount of paying corporations will stop it it, our main concern in any national crisis no matter the nation should be people first anything else second. The only corporations that should need any type of bailout money would be Airlines and cruislines as well as small businesses throughout local economies, if the citizens fall corporations dont make money and governments have no incomes to tax the life out of for the government to survive. You cant try to save a head
While the rest of the body is dying, the body will drag the head with it
@Khjunky, wow that is disgusting...
@Duranu, but they've been in negotiations the entire weekend, this bill was accepted by both Democrats and Republicans. Do you have any proof about what you're saying?
@theshadosnipe, it wouldnt be a loan to you per se. It would be added on to the national debt.
As of an hour ago they were still fighting over it and according to everyones friend Nancy she has no clue when a deal will be finalized she is "unsure of the timing"
plus it's Tuesday, the weekend has been over for awhile and still nothing because both sides want to try and sneak sh!t into it as a piggy back bill instead of just doing the right fúcking thing
@Duranu, you remind me of Bernie Sanders and his famous "I'm going to make all colleges free and get rid of student loans". You're an idealist. Your ideas sound great, sure, but are hardly feasible in reality. There are so many factors that you can't just say "Let's give everyone several thousand dollars" and ignore the rest. I agree that people make up companies and governments, but there's so much more to it then that, which you should know if you took as many government studies as you claim. I'm not rail roading anyone, only asking for proof of concept because, like you said, don't believe everything you see on the internet (like this conversation).
No one here is talking about free college or student loans. What is so unfeasible about giving people's money collected from taxes back to them? if you are tax dodger and don't pay taxes then yes unfortunately you would be left out of the bill. No citizen affected by it would be getting "free out of nowhere" money, the government would be paying money back to the citizens but as others have stated it would probably end up just getting tacked on to the debt which would be a drop in the water compared to where the debt is at now, but let's say we paid every american 1000 instead of figuring out who should be paid, it would equal out to 332billion dollars, after factoring out minors, and other factors that would invalidate a person from receiving payment, the total amount spent would be even less than that. But yes, that is still a grossly overly simplified way of looking at it and it would be more complicated than that in the logistics of it and realities of it
@MrLogg, dont have a job if the business goes bankrupt
I would buy $1,000 worth of toilet paper
@Diabolik, so 6 rolls?
@Diabolik, have fun with your 2 rolls of toilet paper
Wonder how this turned into a flame war lets read and find out
How to generate inflation. Part 1
Yeah, but speaking from experience, if you owe ANY kind of federal student loans, you won't receive a check; instead, you'll get a letter informing you that "this has been applied to your federal student loan debt". That's what happened to me when ol' Dubya sent out those stimulus checks.
@Suicide Squad Sucks, and that's why I worked and paid for my college before realizing it wasn't a necessity and got a job making more than most of my friends with degrees AND student debt. Don't get things you don't have money for.
I mean technically...
I mean, the booze at least is taxed. And drugs are an economy of sorts.