My parents each got $1200. I can't even get into the system. And I'm not thinking my parents even needed it. They're f'n retired.
Stimulus checks?
- Thread starter HBK4life_rivals100467
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Ya, us retirement people don’t need it were rich with our Social security and pension funds every month..Laughing
2019 or 2018 taxes? I can’t believe the IRS is even close to finishing/processing the 2019 taxes. I’m pretty sure IRS is basing this thing off of 2018 tax information.
I am pretty sure you are wrong. If filed, they are basing your check off your 2019 AGI. I know that as fact based off what I got. I have also already received my 2019 federal refund.
Yes, 2019 is default. If not filed, then 2018.
Some of us like getting our taxes done in Jan/Feb :shrug:
Noted. I try not to discuss finances with my parents. To be fair, I feel like you are probably in better shape than I am.
Yes, if you’ve filed your 2019 taxes and they’ve been processed, they are using those. In this age of electronic filing it doesn’t take long for them to process anymore.
Could be either. I didn't file yet because I owe. Gonna wait until July 15. Got my check direct deposit on Tuesday night.
I think the intent is (or should be) to assist those whose income took a big hit. If you’re retired, did your income take a big hit? I appreciate that if you have a lot in the stock market, that took a hit, but if you’re retired, you probably don’t have a bunch parked in the market.
The default should be that businesses stay open, and limit only those businesses that truly need to be slowed or shut down for a period of time because they involve people in close proximity for significant periods of time. Those are the only businesses that should be closed, and those are the people / businesses that should be focused on receiving benefits, along with those in the high risk category whose income has been slashed due to having to stay at home.
Shutting everything down and approving gigantic sums for distribution to a ton of healthy, able bodied and relatively young people who should be working is a massive waste of money. So is paying a ton of money to people whose income doesn’t take a hit because they weren’t working prior to covid. I understand everyone wants the money, and can find a way to use it, but that isn’t the point.
How dare you doubt Trump's conservative credentials. How dare you deny him a political masterstroke of 4d chess.
My income actually took a big hit as over 65% of my business relies on food service. I should have stated that I'm semi retired. I retired from the GIFD at the age of 58(a young mans job) then completely focused on my sauce business. Hopefully it will pick back up in the future.
Remember most young able bodied individuals that should be working probably have children and can't work. They have no choice in the matter. I don't know a single person that doesn't want to get back to work. They are able bodied, but they aren't allowed to work. This stimulus isn't just about giving away money, it's also to hopefully be injected back into the economy, hence the word stimulus.
This is about not seizing up the credit markets worse than the 2008, NOT handing out money to the lower incomes. It just so happens that is where some of the efforts are being concentrated. Do you honestly think the political class gives a crap? Lol They're printing this and they're going to print a lot more.
https://www.businessinsider.com/ame...a-month-under-house-democrats-plan-2020-4?amp
And yes, something like that and cash for clunkers and other stuff will happen. Why? Because there's a 20 trillion dollar economic gap and a ton of debt. And it will probably take 30-40 trillion to fill it due to time lags and basically having to buy out people's fears. Borrow? Lol... they're not borrowing crap here. Nada. Zilch. That would require them paying back with something of actual value.
Necessary? Maybe. Probably. Unless you want soup lines and hundreds of thousands of not millions of dead in our urban areas from riots combined with covid.
The problem is that the "fix" is more of the same thing that caused the problem in the first place. Since we have a debt based currency they're injecting more debt into an economic problem caused by debt.
Which in English is going to cause some pretty massive price inflation relatively quickly in economic terms (call it 18 months to 3 years).
The way to fix this is for all americans (and our country) to cut spending and pay debt en masse. Since that's not going to happen, long term you're looking at dollar destruction and our country having serious issues on the world stage.
To be fair, that's what they're doing by having the fed print. But they are not being honest with people about the consequences. At all.
And before some idiot wants to blame trump all he is doing is the exact same thing obama and Bush did before him. And the house controls the purse. So there's your real problem. They all suck.
https://www.businessinsider.com/ame...a-month-under-house-democrats-plan-2020-4?amp
And yes, something like that and cash for clunkers and other stuff will happen. Why? Because there's a 20 trillion dollar economic gap and a ton of debt. And it will probably take 30-40 trillion to fill it due to time lags and basically having to buy out people's fears. Borrow? Lol... they're not borrowing crap here. Nada. Zilch. That would require them paying back with something of actual value.
Necessary? Maybe. Probably. Unless you want soup lines and hundreds of thousands of not millions of dead in our urban areas from riots combined with covid.
The problem is that the "fix" is more of the same thing that caused the problem in the first place. Since we have a debt based currency they're injecting more debt into an economic problem caused by debt.
Which in English is going to cause some pretty massive price inflation relatively quickly in economic terms (call it 18 months to 3 years).
The way to fix this is for all americans (and our country) to cut spending and pay debt en masse. Since that's not going to happen, long term you're looking at dollar destruction and our country having serious issues on the world stage.
To be fair, that's what they're doing by having the fed print. But they are not being honest with people about the consequences. At all.
And before some idiot wants to blame trump all he is doing is the exact same thing obama and Bush did before him. And the house controls the purse. So there's your real problem. They all suck.
My point is that they shouldn't be forced to sit at home, unless they are high risk. The large majority of businesses should be open, and if they were, the money being shelled out by the government would be much less. The government doesn't have to stimulate anything if they don't shut everything down. Let the government assist those who lose income because they are high risk and have to stay at home, and let everyone else live their lives and provide for themselves and their families.
Also they’re hoping to start a market rebound by everyone spending the checks, and not for bills.
have a feeling a lot of this stimulus to corps will be end up as giant *** buyouts/golden parahchutes/bonuses.
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Pac-Man, Ms. Pac-Man, Pac-Man Fast, Ms. Pac-Man Fast, JR. Pac-Man, JR. Pac-Man Fast, Pac-Man Plus Fast, Super Pac-Man, Donkey Kong, Donkey Kong 3, Donkey Kong Junior, Frogger, Space Invaders, Arkanoid, Burger Time, Centipede, Bomo Jack, Amidar, 1942, 1943, 1943 Kai, Congo Bongo, Crush Roller, Dig Dug, Dig Dug 2, Galaga, Galaga 3, Galaga Fast, Galaxian, Gyrus, Gunsmoke, Hustler, Jumping Jack, Juno Fist, King and Balloon, Lady Bug, Mappy, Millipede, Moon Cresta, Mr. Dos Castle, Mr. Do, New Rally X, Pengo, Phoenix, Pinball Action, Pooyan, Pleiads, QIX, Scramble, Shao-Lins Road, Space Panic, Super Breakout, Super Cobra, Tan Battalion, Time Pilot, The End, Van-Van Car, Xevious, Zaxxon.
A lot of businesses that are applying for loans don't need it either, but to best help out those who do need it you have to give the loans to everyone. It's no different with giving every adult a check. But of course your only focus is on people receiving a $1,200 check and not if the businesses receiving government loans truly need them.
The original intent of the stimulus checks was not just to help those who took a major hit, but also to help stimulate consumer spending. One of the best ways to do that is to give a check to people who don't necessarily "need" it.
As for your second paragraph, that's exactly what we are doing. Not sure what you're complaining about there. The stimulus checks that are being sent out to people represent just $250 billion out of the total $2 trillion stimulus spending bill. Why is all your focus on just that one part of the bill?
Wife already pissed its going in man cave of new house. Oh well. She got her dream house.
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No Tron?????????
I saw how many games were on there and was having 80's arcade flashbacks. Space Invaders, Dig dug, Donkey kong, Frogger, Centipede, Burger Time, Galaga, Pac Man oh hell ya!!!
If anyone has an old computer laying around, I can get you set up with 50000+ games from all arcade brands, and up to playstation 3 for free. The arcade stuff is legal, the rest is a blurred line. Anyways, easy to do, just google MAME.
Have a relative that has many pinball machines and big buck hunter and golden tee and a few old school video consoles as well as a couple of the consoles that you can play literally a 1000 games on. Tried many times to convince them to get the original Tecmo Bowl console(4 person and really not like Nintendo Tecmo in a whole lot of ways)...problem is you literally cannot move it into any door in any house.
"But of course your only focus is on people receiving a $1,200.00 . . ." Yeah, the OP was about people receiving their stimulus check, so focusing on it in my response makes sense, at least to most people on here. Businesses that don't need it shouldn't be getting anything either. All better now?
As for your second paragraph, are you on crack? **** is shut down, everywhere, that's why the economy is tanking and jobless claims are going through through the roof and all of this money is being printed and sent out. If the large majority of businesses were open and people were actually at work, this wouldn't be happening.
I blame Gebbia.
When a business is a start up, hiring tends to be done in a very intimate way. Zuckerburg knew most of the people he first brought onto Facebook. He could talk to them, know if he'd get along with them well, a number of them were already his friends etc. As Facebook grew (like any startup) eventually you get to a point where Zuckerburg can't choose employees anymore and some random *** lady in HR is now doing the choosing. Those folks might work their whole career and never even meet the guy. They use GPA's and coding tests as filters and it largely doesn't matter if they choose the comp sci grad from NU or UW or whatever because they are going to hire 5000 of them in 90 days. For the tech companies with money, they actually do a fairly decent job of weeding out candidates into a desired mold, for a lot more traditional companies, the hurdles aren't so bad because they don't have trillion dollar valuations to spend on HR processes.
Same thing for these checks. Trump could come up with a way to filter down. That takes time....time he doesn't have. Even shooting out checks to everyone en masse, with only some 72-96 hours from concept to signed legislation, there is a significant chunk of society that won't see payment for weeks or even months. Now imagine if he had added in a bunch of gates to figure out who gets checks and for what reasons, it would take him more time than he politically and economically has.
From an ideological standpoint it would be the right thing to do, but Trump seems no more inclined to being ideologically pure at the cost of his re-election than any other politician.
Agree. But we need to get people back out there now. Isolate the vulnerable and put restrictions on those who can work, but let them work.
He laid out the plan, it happens in steps. But now he's yelling at governors that don't make the same decision he was too afraid to make at the PC yesterday.
My wife likes to rack up debt and then say, "we need to start paying down some debt". Only with my bonuses of course.