Should people who lost no income or show a loss during Covid get "relief" money?

Ahhh from each according to his ability, to each according to his needs as determined by the central government.

In fact this country has enough OPPORTUNITY for everyone to feed and house themselves and MORE. Do you really want to be a slave to government and government dictate how much you should have?

 

Canceling credit card debt every year is ... as you imply too often. Perhaps once every 7 years, or if the debt gets out of control. And, actually, I think there are already options open to deal with heavy debt. I've heard of them but not about them.

 

Those who due to Covid are unable to work or are on welfare and suffer from the financial impact of Covid. This is how we do it here in Canada.

oh, and you've to file an income tax declaration and that money is taxable since its considered a revenue. So if you've spent it all on a big screen TV and didn't save some to pay your taxes, guess what? That's tax evasion and the revenue service don't mess around, even if you're dirt poor, you've got to pay your share. In fact you can't get welfare if you don't produce an income tax declaration.

 

It's called unemployment insurance which we should be lowering back to pre-pandemic levels while getting businesses back open.

I had dinner with a VP from the company, an industrial supplier, I retired from last summer he was down here calling on several of my former customers, a steel mill, a tissue and towel plant, an auto manufacturer and a box manufacturer. During the course of dinner I of course asked him how the company was doing. He said the numbers were strong and their biggest problem was they had so many job openings and could not get applicants for these jobs. From entry level shop and customer service paying in the $20/hr to sales force paying six-figure. I had heard the same for the HR manager back in November when I had contacted her for some documents. He said almost every one of these customers were also complaining they could not get applicants in to apply. One candy manufacturer in GA last week told him their business was so high they needed to start a third shift but could not get applicants.

So why is the government wanting to send out BILLIONS of dollars?

 

AHHH so we can all just load up and buy things we can't afford and every 7 years the government will absolve us of that debt. MAN I better get started and get my debt out of control then.

 

Well it is considered a prepayment of a tax credit on your filing this year for tax year 2020. But it is a tax credit that is not taxed so short answer no you don't pay income tax on it.

 

The same 13 and 16 dollars an hour they were making before and probably more with overtime now. Where is their loss of income?

 

Oh I know!

 

Too many full-time Walmart employees are on government assistance. I don't think it's healthy for my taxes to subsidize Walmart's labor costs.

 

Well, that gets me thinking about the great recession. That was some time ago. The financial system got its bailout from the government/taxpayers.

This Coronavirus economic downturn is the first time individuals are being bailed out.

The time between the two economic crises was longer than 7 years. So, maybe a pay off should be longer than 7 years.

But I still think there should be a debt bailout financial aid system. Because it's easy to get out of control.

 

Huh?

My taxes should pay someone else's credit card debt? That makes absolutely no sense. You want to incentivize people's careless spending habits. Yikes.

 

If people can't control their spending, they should not have a credit card.

"I can't stop spending!" is not a valid reason for a government handout.

 

People without an income, due to the shutdown, can't stop spending (for food and stuff.)

 

Then you should change that.

 

Well, not very efficient use of the money to tax it from one person to give to another and then tax it back.

 

Walmart doesn't get any money from the government for it, all they are concerned about is how much is the job worth to Walmart. How many is too many? Walmart has 1.5 million employees in the United States, how many collect snap and Medicaid?

 

About 15,000.

Walmart doesn't get any money, but, we the taxpayers, subsidize their labor force.

Anyone working a full time job should earn enough to not be on welfare. This seems simple to me.

 

It’s an emergency relief fund. It’s the price of living in a society.
If you don’t want to participate, feel free to move to a remote location where no one will tax you. Somalia as great beaches I heard...

 

Yes, certainly the competitive free market alone CANNOT achieve either contribution according to ability, or allocation of reward according to need. That's why poverty is entrenched, despite sufficient resources to eliminate it.

Hence your sovereignty of the individual ideology, above community cohesion and well being for all, reaps the natural outcome: storming of the Capitol.

Nonsense. People's opportunities are are blocked via free market ideology, which insists wages are bid up to the most competitive citizens, while inflation is kept in check by an un/underemployed pool of the least competitive citizens, as per neoliberalism's NAIRU dogma.

More individual sovereignty ideology, to benefit the most competitive. A government above poverty Job Guarantee is nothing to do do with "being a slave to government and dictate your reward", though your sovereignty of the individual blindness with its unlimited instinctive greed will render you incapable of seeing it.

Hence the ever increasing community division, as inequality spirals via free market outcomes alone, resulting in entrenched poverty amidst plenty.

 

Ahhh so it got you thinking about a non-sequitor instead of addressing what I said.

No it's not. And didn't work before to stimulate the economy.

But I still think there should be a debt bailout financial aid system. Because it's easy to get out of control.[/QUOTE]

So I can do all that spending for 10 years and then just have the government absolve me of it. What are they going to do tell the people I owe it to they are SOL and simply pay the people I owe with someone else's money?
And the debt bail out you talk about was just a series of bridge loans to the financial institutions which were all paid back with interest and ahead of schedule. The US government MADE money off the TARP loans.

 

Well, you can do that now, but I wouldn't recommend it.

Just declare bankruptcy and say goodbye to your credit card debt. Also, say goodbye to your credit card because you will not have it afterward. Which is why I don't recommend it.

There are also debt relief programs now... hmmm, it's hard to find details on that without getting an ad spamming "apply now" website. How about this: Debt Relief Programs for Every Type of Debt (Updated)

 

This is as bad as it gets. Not folks taking food, you thinking they should have to crawl to the pantries or they should not get it.

 

Er...you don't want to "stimulate" the economy in a pandemic. You want to ensure people have access to food, housing internet, and utilities, during the pandemic-enforced lock-down of the non-essential economy, as defined.

You need to distinguish between private and public debt, you are responsible for the former (ie your own debt), whereas the government is responsible for its debt created to save the economy from various private sector disasters. And the sovereign currency-issuing government doesn't need to tax or borrow from the private sector to pay its debts, since it has its own treasury and reserve bank...

The government also saved GM, and avoided another Great Depression - via its support of an imploding private (banking) sector, during the GFC.

 

I make way too much money to qualify for any of this, and thankfully because I have never collected any governmental handout my entire life; I'm proud of it, and not about to start. Everything I own came out of my hard work, my wife's hard work, and my father's hard work (he did leave me some properties when he passed away). If I did qualify, it would have been preposterous, because my wife and I actually made MORE money in 2020, thanks to the pandemic. In my hospital, the administration created some hazard pay for those who were willing to work with Covid-19 patients, to decrease short-staffing due to some people finding all sorts of excuses to dodge the task, using all the leave they had to stay away, etc. My wife and I did the very opposite; we volunteered to assist in the Covid unit, from the beginning of the pandemic and before this hazard pay was designed. Well, the administration wanted to pay us more; we took the money, sure; but we would have done the work without the financial incentive, too. But then, if we actually MADE money out of the pandemic, why should we get any governmental help, even if we qualified, income-wise???

These across-the-board checks (even with income limits) are NOT the best way to address this. Aide should be granted to those who need it: those who lost income, employment, and benefits due to the pandemic. Payroll support would have done more for the economy and for the workers than these one-time payments. Politicians love to attach their names to one-time handouts... both Trump and Biden. But it is wrong.

Keeping people employed with more robust payroll support would have been better. It's the old thing: Give a man a fish and you feed him for a day. Teach a man to fish and you feed him for a lifetime. Keep people employed; you don't need to give them one-time checks.

 

Because it has worked here in Australia......?

I would have thought republicans would be behind this 200% since it will mostly benefit the small business owners