by cephalotus » Thu 16 Apr 2020, 10:41:10
$this->bbcode_second_pass_quote('evilgenius', 'I') think OP is right to question the state of trickle down economics. I just saw a headline stating that so and so, a Senator, was going to try and talk Trump out of direct payments to citizens. The amount of those payments, when all sorts of self-employed people need them, has been talked down as well. I think that in the first few days of discussion I saw an amount as high as $3,000 tossed around. Now, it has gone down to around $1,000...
The Problem is with the people.
If I need 1000 USD (Euro) I just take it from my cash reserve.
If I need 3000 Euro I just take that amount.
If I Need 30.000 Euro I take it from my bank account.
I have worked for ca. 12 years now, having 30.000 Euro of savements is just putting away 200 Euro per month (at zero interest)
A 1200 USD check is a Symbol, but imho it will have very little effect and will just turn private dept into public dept.
(it's also a symbol for a very outdated system, who in hell pays with paper checks in the 21st century anyway? That's like using a telegraph to send a message)
What is needed to go on is unemployment payment and health care.
If you save on health care people will avoid going to the doctor when they just suffer from mild symptoms and so they will infect many others. This will cost much more in the end.