SecTreas was on some show the other day talking about that $600/week UI kicker from the Fed, and that it's going away next week if they don't reup it in the new stimulus.
It has come out that some people are making more off their UI with the kicker than they made when they were employed, and the pols don't think that's right. And at first blush it does seem to be irregular, but then I got to thinking about the millions they hemorrhaged at the Kennedy Center and other rich people orgs, and all the billion $$$ businesses that got paid as well, not to mention the extraordinarily wealthy Catholic Church, and yet they think that real humans getting $2400/mo to live on is outrageous. Especially since they're the ones who put us out of business and created this mess in the first place.
On top of that, they tax UI benefits. As in they take our money for taxes, and if they put us out of work and have to pay us a pittance to live on, they tax that as well.
For one thing, unemployment benefits should be tax exempt.
For another, they should pay out to the regular folks and not the 1%ers who don't need it to survive.
I understand why Trump signed these stimulus packages - because the Democrats and Republican Deep Staters were holding that relief money hostage to get what they and their fat cat donors want, and if Trump refused the press would present it as Trump holding back money from people who can't pay their rent, starving children, dying in the streets, etc. This is a timeworn tactic that we see play out each year, so we should all know the score.
It's infuriating how much of our tax money goes to the wealthy to line their pockets, while seniors are scraping pennies and military personnel qualify for welfare.
But we're dumb because we not only tolerate this greed, we think that a guaranteed basic income would be great. I mean, I think it would be great because I'm in my late 50s and live in a large car, and would get that money without having to pay the bill later. However, the young people clamoring for this don't seem to understand that the wealthy elite aren't just going to give them a red cent without getting billions in return. "Here's your $2000. Oh, by the way, your rent just went up and so did food. And there's a new tax on utilities, plus we jacked up the interest rates....."
So that's what I'm thinking about today.
It has come out that some people are making more off their UI with the kicker than they made when they were employed, and the pols don't think that's right. And at first blush it does seem to be irregular, but then I got to thinking about the millions they hemorrhaged at the Kennedy Center and other rich people orgs, and all the billion $$$ businesses that got paid as well, not to mention the extraordinarily wealthy Catholic Church, and yet they think that real humans getting $2400/mo to live on is outrageous. Especially since they're the ones who put us out of business and created this mess in the first place.
On top of that, they tax UI benefits. As in they take our money for taxes, and if they put us out of work and have to pay us a pittance to live on, they tax that as well.
For one thing, unemployment benefits should be tax exempt.
For another, they should pay out to the regular folks and not the 1%ers who don't need it to survive.
I understand why Trump signed these stimulus packages - because the Democrats and Republican Deep Staters were holding that relief money hostage to get what they and their fat cat donors want, and if Trump refused the press would present it as Trump holding back money from people who can't pay their rent, starving children, dying in the streets, etc. This is a timeworn tactic that we see play out each year, so we should all know the score.
It's infuriating how much of our tax money goes to the wealthy to line their pockets, while seniors are scraping pennies and military personnel qualify for welfare.
But we're dumb because we not only tolerate this greed, we think that a guaranteed basic income would be great. I mean, I think it would be great because I'm in my late 50s and live in a large car, and would get that money without having to pay the bill later. However, the young people clamoring for this don't seem to understand that the wealthy elite aren't just going to give them a red cent without getting billions in return. "Here's your $2000. Oh, by the way, your rent just went up and so did food. And there's a new tax on utilities, plus we jacked up the interest rates....."
So that's what I'm thinking about today.
