Posted on 04/25/2020 5:37:51 AM PDT by Kaslin
In a piece at Market Watch, House Appropriations Committee member Tim Ryan (D-OH) writes about his plan to fire up the economy by introducing the Emergency Money for the People Act, which will provide almost every American $2,000 a month until employment levels reach pre-coronavirus levels. Every American age 16 and older who earns less $130,000 per year will receive this money tax-free. [sic]
Married couples, he writes, can earn up to $260,000 per year and receive $4,000 per month, along with an additional $500 a month for up to three children, capped at a whopping $5,500 per month for a family of five.
Ryans article is heavy on the selling points, but omits quite a bit of material information, not least of which is the gargantuan cost to taxpayers. But whats most interesting may be his omission of the fact that the actual bill would allow these payments for at least six, but for no longer than twelve months.
(Excerpt) Read more at americanthinker.com ...
“... introducing the Emergency Money for the People Act, which will provide almost every American $2,000 a month until employment levels reach pre-coronavirus levels.”
That guarantees that employment levels will never reach pre-virus level.
Who’ll want to work when you can get that type of money for doing nothing?
“We are truly facing a crisis.”
Yes we may have unleashed the mother of all “moral hazards” - rewarding and enabling irresponsible behavior.
I’m hearing the footsteps of the “Gods of the Copybook Headings”.
Same old Democrat crap: take money from you and give it to those who wont work in order to get re-elected. We need a new law: if you dont work and or pay taxes, you cant vote!
If they want to give money to citizens struggling financially because of the virus they should have to take the money from all the non essential garbage they put in the budget. I would rather see the money spent on Americans then funding abortions in Africa or paying billions in aid to the Palestinians, Iraqis or illegal aliens.
Sounds like the same old wealth re-distribution program that works until they run out of other peoples money to spend.
Universal Basic Income = Socialism
It like communism it comes under many names
Fine, as long as there’s a universal basic WORK requirement along with it!
This is akin to a homeless person saying he’s buying a NEW MERCEDES and will figure out how he’ll pay for it later.
plenty of ignorant men out there as well
Agreed, should certainly take that into consideration as well.
So are Muslims. The libs think they can use Muslims, like Omar and Tlaib, to destroy this Republic and then take power from them.....fools!
Myself & 2 neighbors are on Social Security.
None of us 3 have received out $1200 deposit in our accounts yet.
is so sad they are this way.”””
SAD? How about EVIL???
And lay off all the government workers in the Poverty Industry! Billions saved right there.
I was wondering if they cut out all other programs and did this, how much would be saved, if any.
No. We get a boot in the butt off the high side of a ferris wheel.
Myself & 2 neighbors are on Social Security.
None of us 3 have received out $1200 deposit in our accounts yet.
............................................
Same here.
1st question: why should people earning $260K get a $5500 government handout?
Oh, wait. It’s just a refund of some of their taxes.
2nd question: But wait, I thought the “rich” are supposed to pay their “fair share” (more and ever more, in order to give to those who pay NO taxes) ?
My head is spinning.
Love it LOL. Like the CEO who said Were losing money on every unit sold, but well make it up in volume..
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