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Fri Apr 24, 2020, 02:42 AM

114,600,000 US citizens make under 50K a year

(I googled to get the number)

x $2K a month for 12 months comes out to roughly 2T (my son did the math)

How much easier would this have been..

Many Mom & Pop businesses don't make 50K a year..

This would have been waaaay cheaper than what we've done, and there would be breathing room without so many desperate people.

People would be able to have a cushion for a year..could shelter in place

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Reply 114,600,000 US citizens make under 50K a year (Original post)
SoCalDem Apr 2020 OP
JI7 Apr 2020 #1
Hermit-The-Prog Apr 2020 #3
SunSeeker Apr 2020 #2
Amishman Apr 2020 #4

Response to SoCalDem (Original post)

Fri Apr 24, 2020, 02:49 AM

1. that's exactly what it should have been. but republicans

wanted to use it give to those who already have more than enough.

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Response to JI7 (Reply #1)

Fri Apr 24, 2020, 03:11 AM

3. They have to keep the donors happy or tv and Kochland will turn on them.

Watch for more transfers of wealth (assets) from poor and middle class to the parasites.

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Response to SoCalDem (Original post)

Fri Apr 24, 2020, 03:09 AM

2. I agree. But it's closer to $3T: 114,600 times 2,000 times 12 equals 2,750,400,000.

Still, it makes way more sense than giving it to the rich, which is what we've been doing.

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Response to SoCalDem (Original post)

Fri Apr 24, 2020, 07:48 AM

4. you'd still need tons of business assistance of one kind or another

things like rent, mortgages, insurance, property taxes, etc would have bankrupted all the small businesses, leaving just the chains and wall street overlords. Still might happen

plus those making over 50K would still need help if their job is lost. not to mention 51k doesn't go far in some places, in some metro areas that's pretty much in poverty.

what we've done is actually pretty reasonable, other than maybe needing restrictions at the top end of the PPP loan program.

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