Tiger Board Logo

Donor's Den General Leaderboards TNET coins™ POTD Hall of Fame Map FAQ
GIVE AN AWARD
Use your TNET coins™ to grant this post a special award!

W
50
Big Brain
90
Love it!
100
Cheers
100
Helpful
100
Made Me Smile
100
Great Idea!
150
Mind Blown
150
Caring
200
Flammable
200
Hear ye, hear ye
200
Bravo
250
Nom Nom Nom
250
Take My Coins
500
Ooo, Shiny!
700
Treasured Post!
1000

YOUR BALANCE
When you consider what we spend on corporations without
storage This topic has been archived - replies are not allowed.
Archives - General Boards Archive
add New Topic
Replies: 8
| visibility 1

When you consider what we spend on corporations without


May 8, 2020, 8:41 PM

batting an eye, is universal basic income through the end of this depression necessary to avoid civil unrest and a 30s level of unemployment and underemployment?

https://www.nytimes.com/interactive/2020/05/08/business/economy/april-jobs-report.html


Granted many will come off unemployment soon, but 50% capacity is going to ruin many.

flag link military_tech thumb_downthumb_up

Re: When you consider what we spend on corporations without


May 8, 2020, 10:52 PM

It's part of the marriage of capitalism and patriotism that will prevent any such "socialist" ideas.

I have a friend worth in excess of $150 Million personally. He got a loan of $5 Million through the CARES ACT that, if he uses it correctly, he can pay himself 15% of the $5 million and still have the loan forgiven. $5 million, free money to pay employees and $750,000 for himself, all taxpayer money.

But, as a good Conservative, he was outraged that people who draw unemployment, through no fault of their own, now could be making more than they would normally be making, waiting tables at Crackle Barrel.


MLK was right, "The problem in America is that we have socialism for the rich, and rugged individualism for the poor. When the wealthy receive money from the government it's called 'subsidies', when the poor receive it it's called 'welfare'. -1968

badge-donor-05yr.jpg flag link military_tech thumb_downthumb_up


Re: When you consider what we spend on corporations without


May 8, 2020, 11:04 PM

So this isn’t going to look good or be well received, but here is the problem and it’s a situation we laugh at, but is real.

You have people like a certain poster who has a great State job, not great money, but a great job with decent pay and full benefits. Said person also has a wife that works. So in normal circumstances, let’s assume this $100k household is “good”. The problem lies in that statistics say that 75%+ in that scenario cannot pay for a $600 car repair. So we now have a situation where people who in all aspects of life are making good money, are waiting at their mailbox for a check. They extend and spend until they are literally bankrupt.

That serves no one and is a god awful precedent to set. You are basically paying people more to sit at home than to go to work. And if you are good at hiding assets, like a couple people I know, you get a check too.

It’s all assbackwards

2024 orange level memberbadge-donor-05yr.jpg flag link military_tech thumb_downthumb_up


You’re oversimplifying the issue and vilifying the


May 9, 2020, 12:53 PM

working class all at once.

Opening back up isn’t going to fix the economy. It’s about to be lean for years.

flag link military_tech thumb_downthumb_up

What?


May 9, 2020, 3:21 PM [ in reply to Re: When you consider what we spend on corporations without ]

Are you saying that if you're middle class and are living paycheck to paycheck it's your own fault or something? I sincerely don't get your point.

military_donation.jpg flag link military_tech thumb_downthumb_up

Re: What?


May 9, 2020, 10:51 PM

As per the government’s definition of middle class I would not classify most as being middle class. Most would rightly be called working poor.

flag link military_tech thumb_downthumb_up

If you look back throughout our history of recessions,


May 9, 2020, 3:02 PM

market panics, depressions, etc., in general the better remedies and faster recoveries have been associated with infusions of cash / acquiring debt over austerity, and not, I repeat, not going protectionist and curbing global trade thinking it will boost domestic production, because it doesn't - it's only served to drag it down further.

2024 purple level memberbadge-donor-05yr.jpg flag link military_tech thumb_downthumb_up


We can't afford to spend hundreds of billions of dollars


May 9, 2020, 3:25 PM

on people who aren't rich. Want to cut rich people's taxes or bail out big corporations? That's fine. When it comes to our most vulnerable though, we have to pretend to care about the budget deficit.

military_donation.jpg flag link military_tech thumb_downthumb_up

andrew Yang were are you?


May 9, 2020, 11:46 PM

oh that is right, we are choosing between biden and a lump of coal.

badge-donor-10yr.jpg flag link military_tech thumb_downthumb_up

Replies: 8
| visibility 1
Archives - General Boards Archive
add New Topic