Coronavirus Stimulus Package

dilate

I'm a truck driver paid by the mile. So I guess I'm just gigafucked?

Pay a little now to save a lot later, retard.

People are price gouging selling hand sanitizer, bottled water and toilet paper.

God bless Capitalism, comrades.

Ya i'll be sure to dilate my USD right back into the market for cheap when you're sitting on a mountain of toilet paper and shit tier 5.56.

Exactly this. This will do absolutely nothing for poor wagecucks that live paycheck to paycheck

I wouldnt be averse to him passing something to goose up our tax returns. That would be clutch as fuck.

>comfy
Wagies will keep about $100-200 back per month
Of course, that's assuming they are making paychecks. If they are out and missing work, they aren't even making money anyway

this
they won't get paid, but at least they'll pay 60% less of $0

Stimulus plans basically mean the worst is yet to come. We’re all totally fucked.

It’s a tax refund, moron. A return is what you file.

This is literally UBI. Cuckservates are fucking retarded. I wish there was an actual conservative party in the US. Instead you get to pick liberal or retarded neoliberal.

Proof?

>hourly wage earners will essentially still get their paycheck if they are forced to stay home in any form as a result of the Coronavirus
RIP all small businesses. RIP the middle class

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Holy shit NEETs blown out forever

Why don't we just pay the virus to go away

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wow so the spics and niggers at mcdonalds get a paycheck but none of the white people working everything else get nothing. this is america in 2020.

google a fucking chart dude. If you think this is sustainable, I don't have any more words. Remember during 2008 everyone thought it was sustainable? A week later and everyone realized they were just being greedy as fuck and knew this was going to happen. The only people who HONESTLY BELIEVE this growth is sustainable have to be insanely retarded. I guaran-fucking-tee people who actually work in finance have been expecting something like this for the last two years.

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>Trump copying what Commiefornians are doing
This going to make the economy irreparable

>muh small businesses
S shekelsteins

What's the alternative, though? Just let millions of people lose their job in the midst of a pandemic? That would only exacerbate things. Besides, this stimulus would resonate well with voters and help him win reelection.

why would you have to stop driving

>wow so the spics and niggers at mcdonalds
I don't like these people just as much as you do, but implying that only spics and niggers work hourly wage jobs is one of the fucking stupidest things I've ever heard. I'd almost be willing to be that the majority of white trump voters are hourly. I bet that data exists somewhere.

>thinking the democrats in the senate will approve a huge stimulus package in election year that will make trump look good
lol

You're a stupid bootlicking faggot. Go eat more McDonald's you wagie piece of human filth.

>this stimulus would resonate well with voters and help him win reelection.
which is why it'll never get through the senate

>hurr durr what could possibly go wrong if we fix the bubble we caused by printing money by printing more money

The payroll tax is a regressive tax to begin with. We should have the ultra wealthy foot the bill.

Bitcoin doesn't need a stimulus package

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Hike rates. Hikes rates. Hikes rates. Should have been done a long time ago. Hike rates now and deal with the shitty part now instead of dragging it out.

How old are you, dude? Do you remember what happened in the 90s and early 2000s? It is completely sustainable. Check out /smg/ sometime, zoomer.

its a payroll tax deduction, so if you're paid W2 corporate will pay less on the payroll tax automatially taken from salary (and if you're lucky pass the whole thing to you normally payroll is 50% enployee 50% employer)

if you're 1099 self employed, we pay both ends of the FICA tax so it's a straight forward tax cut. cool.

You can tell how healthy an economy is by seeing how easy it is to:

1. Open/start a business
2. How well those small businesses profit

A small business is one of the few ladders where a person of lower class can climb up to middle and upper class. A government that tries its best to kill small businesses is doing so to trap people in the lower class and grow the plantation of poor people asking for welfare. While minimum wage laws make the lower class earn a bit more, it is making the lower class earn less in the long run as these laws make it difficult for them to open a small business and evolve into the middle class.

Also laws that hurt the small businesses also help the mega corporations as they have the money to pay these increased wages and with their investments into AI and robots, they don't get hurt by these labor laws at all. So in the end small business owners and the middle class will become ERADICATED.

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Too bad about your brilliant business idea, guess it'll never be bought by a big company now.

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No, I don't remember. Have done a fuck ton of research though. Not claiming to be a professional in this area however. I do browse /smg/ quite a bit as well. Plan on shifting my crypto stack to traditional investments once I cash out in a few years.
>It is completely sustainable.
There's no way. Literally no fucking way. How can something like this be sustainable when people my age can't even afford housing. They can't afford to have children. They can't afford to go to college. The federal minimum wage hasn't risen since the 70s adjusted for inflation. In ten years, who do you think is going to buy these stocks at these prices? Who do you think is going to buy your house that has been rising in price for the past 12 years? Not younger people, that's for damn sure, because they are broke as a joke. Long term growth is sustainable, yes. But the extreme growth we've seen in the past few years during the same time that the entirety of younger generations being absolutely butt fucked? Hell, even 15 years ago wages weren't as fucked and people could afford to invest. I bet if you asked any millennial how much they have in their accounts it would be less than $5k. Lol dood, no way. No fucking way.

But the senate is Republican majority, and it is in their best interest for Trump to get reelected, not for the Democrat nominee to get elected.

>Who do you think is going to buy your house that has been rising in price for the past 12 years?
10 mexicans who work all day for half the price of a whitey

Start driving vaccines or something for the Natioanl Guard? idk?

I just realized if that was the case, there would be people that would literally bug-chase the virus so they could get paid to stay home in quarantine.

But what does it matter? As the global indices are crashing investors are now more than ever demanding US treasury bonds. By this fact alone we can continue printing money with no major repercussions, as the world still feeds from our hands. Inflation isn't the problem, debt is.

States start getting quarantined, no freight, no un/loaders, I get sick myself, etc.

>not realizing the Republicans are the majority in the Senate
>not realizing a bill needs only a simple majority to win

To respond to my posts ever again.

Better than then losing their jobs AND their savings being worthless due to more loose money policy.

The government either needs to accept that a global reserve currency is going to be deflationary, or actually spend money on things that actually help people like infrastructure or healthcare, not just hand it out in gimmis to try to buy elections.

Hope not. The news doesn't really mention where this hourly pay will come from. Will the government foot the bill, or is the law going to force the small businesses to pay their employees sitting on their asses?

If the latter, +50% of small businesses in America will close for bankruptcy.

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How does dumping money into the system at a time of decreased productivity fix the problem though. Cost fo goods will just increase to match increased money supply and increased scarcity of commodities.

Tax cuts will work... as long as people aren't going to be trapped in their houses and willing to go out XD

Well they can just do what they've been doing and borrow the money from chi-

oH wAiT

I think Trump just wants to keep the bubble going until the elections.

oH FUCKK!!

>Some of the largest economies in the world have already gone into full quarantine, retard. Nice cope, though, flufag.

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lmao, passing a bill through the senate is jack shit, it would have to pass congress and there's no way congress will authorize a payroll tax cut. Fucking Trump and his jew cronies doing EVERYTHING they can to put us deeper into a deficit. Great idea Trump! Tax cuts fix everything!

A payroll tax has nothing to do with wagies. The tax break is for businesses only. Wagies dont pay payroll tax only the business does. Wagies pay income tax.

If Democrats had their way they would spend more on welfare to help people. What's the difference on our deficit?

that's economics 101 but the real world is a little more complicated than that, money has been dumped in tot he system for a decade now without significant inflation

supply of goods and inputs is essentially unlimited now because of the globalised market. the only thing that inflates is real estate and equities

Gosh darn, if only the US had a progressive social system that forced employers to give their workers paid sick leave and vacations. If only we lived in a society that valued work as well as valuing time off from work when you're ill or want a vacation. If only... but no, because of this shitty system people are living paycheck to paycheck and one week of missed work means their rent checks bounce, means they get evicted, means their utilities get shut off because they don't get paid anything if they don't show up to work due to illness.

China can contain the virus because they don't have this issue, their gov't is authoritarian and can literally weld people into their homes to prevent them from leaving and you can't do jack shit. This outbreak is probably going to be worse here than it was in fucking China, the epicenter.

no question it's going to be worse in the US, you idiots are charging $2.5k for the test alone when every other country is doing it for free. even if the gov guarantees their $7/hr wage while they are sick they still can't access the medical system

I can get the morality behind paid sick leave but paid vacation is just "free shit"

You'll never be a real woman, tranny.

why not? The vast majority of the world does this and they don't have many issues. I can get making exceptions for businesses with >100 employees or something like that, but major corporations have all the ability in the world to provide paid vacations to their workers.

The bubble wasn't caused by printing money. It was caused by millennials and boomers using low interest rates to buy debt and hodl on shit coins and shit stocks instead of reinvesting it in their local communities and businesses.

THE FED LITERALLY GAVE US OVER A DECADE OF FREE MONEY AND ALL WE DID WAS BUY SHIT COINS WITH IT AND TRY TO "MAKE IT" LIKE A RICK ROSS VIDEO

FUCK I HATE YOU ALL SO MUCH

Ah yes, the typical Yas Forumscel tranny strawman. Real nice work buddy, great argument!

Reeeeee i need to get a retail job asap. Screw trying to find a good paying job with my worthless college degree. Ive been unemployed for over half a year! At least if i get a minimum wage job and corona gets serious i can neet it up with money!!!!

huh? No I'm not ever selling out I'm staying right here. I do what i like I'm not trying to boom to the moon on some half baked get rich quick scheme I just make a quality product and sell it locally. You know, a business? Work? Is any of this making sense to you?