Are these congressional stimulus proposals for real? No rent/mortgage for a year or a rolling 2k for a year?

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Are these corporate bailouts for real? Billions in handouts so they can turn around and buy back stock?

likesmart

will never pass. don't worry about it

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Biggest players already got it.

Hedge funds with huge levered plays were (and still are) bailed out via repo markets. Companies that spent billions manipulating stock prices via buybacks during bill run years, etc. Private companies that made tens of millions in net cash & profit every year for past decade obtaining significant (5-10M) PPP funds.

About time they give to people who need it most.

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^ this. About time more people understand this.

Family of 5 would get $5500 tax free cash under this plan. If one is collecting unemployment, that is another $4000 per month. That’s more than double the national median household income!

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What? It won’t pass because it’s just a huge amount of money for an individual. That’s all we’re saying. We’re not even saying we disagree with it, just that it won’t pass.

Proposals are just that, nothing that extreme will ever pass.

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I would be in line for $5,000/mo... tax free... while still being employed. This just isn’t good policy.

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I thought my point was obvious but I think I could have made it more clear. I would rather direct that money to the much less fortunate. Saying “employed” wasn’t descriptive enough; I’ll revise to saying while I am employed with a $170k household income. Sending my family $5,000 tax-free is more or less the equivalent of adding $80k pre-tax to my HHI. Increasing my HHI to $250k is what I think is bad policy.

I paid a local landscaper $1,200 yesterday for some work on my yard. I plan on spending more than that on some other work around the house this summer. My family is not the demographic that needs this money in order to feel secure to spend again. I would put it into savings if I received it and further increase the wealth gap.

😊

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Love it. Badly needed this in NYC, where inequality was out of control.

Give me a promotion/raise or give me some Trump Bucks aka Yang Gang Bucks. Or cancel my student loans, it all comes out to the same thing monthly. But like fuck I thought I was supposed to be getting PAID in consulting and here I am collecting $1200 checks

Remember when the House came up with a plan to gut the airline industry and have a federal jobs guarantee? It’ll get about as far as that

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