My wife got a check. She retired 15 years ago.

We don't take SS, never will.

 

You don’t take social security, it is a retirement program...
That doesn’t make sense.

 

Your prerogative. You paid into it, if you dont want it, that's cool.

 

He’s full of BS

 

Exactly! Do you really think that someone is not collecting $100,000s of earned SS benefits because they disagree with the system? Anyone can tell tall stories on an anonymous internet forum.

 

Can I have that SS check that you are turning down? I bought in to a really bad investment in 2008 that ruined me financially, some ******* named Obama was selling a feel good elixer but it was just water.

 

I paid out to it. No one pays into SS because there's nothing in there. All one gets for paying out to SS is the legal right to tax the next generation.

 

It's in there. Just a whole bunch of liabilities along with it because of governemnt "borrows" from it.

They cant be trusted. How anybody trusts the government is amazing to me.

 

Agree, I've mentioned multiple times that in my extended family only a couple have been impacted financially (so far) yet everyone of them has has $1200 tossed at them for no particular reason.

With that said, directing it to specific individuals is almost impossible IMO. There is no straightforward way to determine who is needy and who isnt. Therefore it goes to everyone.

 

Which would have held up the checks getting out to people even longer. If I recall, people lost their minds over Pelosi "holding things up". Your proposal would have held it up even longer. And no, I didn't get a check, nor did my wife. So I have no self-interest in the govt giving out the checks in the manor it did.

 

I agree. I got the check, I didn't need it, since I kept my job. I would have been happy had it only been given to people who actually lost their jobs.

 

They are getting unemployment + federal bonus which in some cases means a small windfall of profit, but it is what it is.

There are definitely people that got hit hard by this and I know in FL the unemployment system is fubar right now and people are pretty ticked off about that as well.

I took a pretty big hit on the 401K, got some out early but not enough, was down 50K, now only down 20K due to the uptick and I have about a years salary still sitting in cash in the brokerage account waiting for a sign to get it back in, whenever that might be.

I paid off a tiny credit card balance and bought a wok, the rest went into the checking account, i'll consider it an advance against future losses when the recession kicks in.

Basically for April, its been a profitable month with the gov't bonus and no immediate loss of income, but in 6-12 months i'll appreciate the extra cash because I'll be feeling the impact then vs now.

 

Our retirement accounts are down +$100,000, and that's with a conservative asset allocation. The $1,200 from the stimulus means little to me. Well, at least my wife got a new iPhone SE.

 

Isn't is simple though? You get approved after you apply for state unemployment, the state simply forward your info to the IRS, and poof!... you get a check.

 

Looks good on the on the PowerPoint presentation I guess. Unfortunately Congress seems to disagree and it's a tad more complex.

Ps, florida unemployment system is fubar, people have been waiting 6 weeks to get approved.... still nothing.

 

Okay so If a State might be having troubles, that doesn't justify just blanketing the nation with checks for $1,200 just because

 

The point of the checks was to get money out to people who need it and to give them money to keep businesses going.

 

Nope. I just assume were not quite understanding the logistics of our idea.
Govt shuts us down
ABC Corp loses money
ABC Corp fires Jimmy and suzie
Jimmy and suzie file paperwork (website fails)
State reviews paperwork
Approves jimmy decline suzie because employer has missing info
State submits Jimmy's name to feds
Feds pull up his file to verify income
Feds cut a check to jimmy
Suzie still waiting

Even on PowerPoint that looks tricky when you repeat it 30 million times. Short staffed government systems, state and fed employees taking some sick time during the crisis, clerical errors, and poor suzie, still Stuck on hold.