Ya boi got paid


Thx for pennies u.s. gov

It's a pittance while corps get billions

Got mine. Less than $1200 but I knew that ahead. Paid off my credit cards with it.

I’m still working so didn’t care

Oh no shit? So how much a month then? Almost 3k? What's a normal unemployment check?



Why would they tax a stimulus check?

They don't tax disability income.

They can get millions to pay employees.

Wrong

Pls fact check before you spew BS, theres already enough misinformation on the internet thanks

In canada.
2k you receive, 400-600 will be taken back.

No need to be a dick.
This is Canada rules.
Check your facts.

Don't shit on me for nothing

https://www.unifor.org/en/faq-new-canada-emergency-response-benefit-cerb

#5

This post was edited by killerrs2 on Apr 15 2020 12:17pm

+1 check received.

N2b

Well that is silly. lol Just take it out and pay me 1.4k.



n2b?

Except there is virtually no oversight and nothing in the bill that forces them to pay or keep employees.

https://www.washingtonpost.com/national-security/trump-removes-inspector-general-who-was-to-oversee-2-trillion-stimulus-spending/2020/04/07/2f0c6cb8-78ea-11ea-9bee-c5bf9d2e3288_story.html
https://www.businessinsider.com/coronavirus-oversight-panel-one-person-policing-bailout-fund-government-congress-2020-4

There is also nothing that prevents corporations from using the money to do stock buybacks, which is why companies are struggling to begin with. Stock buybacks are basically a way to puff up their own stock in order to please shareholders. When companies do these buybacks, they deprive themselves of the liquidity that might help them cope when sales and profits decline in an economic downturn.
https://www.vox.com/2018/8/2/17639762/stock-buybacks-tax-cuts-trump-republicans

Stock buybacks happen time and time again. Take the recent Tax Cuts And Jobs Act of 2017 as an example. That was a huge handout to the corporate sector, and all of those corporate tax breaks went towards doing stock buybacks instead of doing something that would benefit workers. For some companies, this can leave them strapped for cash and even result in soaring corporate debt.
https://apnews.com/438fae12f9204b1fbd8e8b1985ae554f
https://hbr.org/2020/01/why-stock-buybacks-are-dangerous-for-the-economy

Money in people's pocket is an effective form of demand-side stimulus. Corporate tax cuts and bailouts don't necessarily save jobs or spur investment, especially in this administration, where there is little oversight. The response from the government has been freebies for the corporate sector, and hardly anything for workers. This is not all surprising in America, where coddling of the corporate sector and supply-side economics has been the status quo for over 40 years.