People Keep Saying That $1400 Stimulus Checks Are “Too Much,” This Person Gives Them A Reality Check
The Senate has passed a $1.9 trillion coronavirus relief bill, helping to clear the way for millions of Americans to potentially receive $1,400 stimulus checks, yet President Joe Biden and the House of Representatives still have to approve it some time this week.
On Saturday, Biden stated: “This plan will get checks out the door starting this month to the Americans that so desperately need the help.” For many Americans who are currently receiving unemployment benefits or are unable to afford food and rent, Biden’s stimulus gives a much-needed boost to lift the financial burden of their shoulders, even if temporarily.
But critics are less than impressed with the prospect. So one Twitter user, @telushk, recently penned an illuminating response to everyone “squabbling over whether your neighbor deserves to receive $1400 more than once per *year*.” It soon sparked a discussion on both ends, so let’s see what people had to say.
This Twitter user had enough of critics saying people don’t deserve a $1,400 stimulus check, so he penned an illuminating response
Image credits: telushk
Image credits: telushk
Image credits: telushk
The $1.9 trillion American Rescue Plan has one more hurdle in Congress as President Biden can finally authorize a third round of stimulus payments for millions of Americans.
Image credits: telushk
More people joined the thread to point out the unfairness of the whole situation
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Under the new package, individuals earning less than $75,000 per year will receive a $1,400 payment (as will heads of household earning less than $112,500 per year), and couples filing jointly earning less than $150,000 per year will receive $2,800, according to Forbes.
Others also took the chance to voice their views and point out the flaws in the capitalist mindset
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Meanwhile, eligible families are about to receive $1,400 for each dependent (both children and adults). The amount of the payments will phase out: as income rises to $80,000 per year for individuals, $120,000 for heads of household, and $160,000 for couples filing jointly, the amount of payments will plummet accordingly.
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However, according to the Institute on Taxation and Economic Policy, 11.8 million adults and 4.6 million children will miss out on a third stimulus check under the stricter eligibility requirements.
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Please understand that if you look at the Congressional Record which lists how every member of the House and Senate vote on Bills you will see one consistent theme and that is the Republicans always favor the wealthy i.e. Give Billionaires tax cuts while fighting any increase in the minimum wage, ship jobs over seas so that the top stock holders can make more money - FOLKS I'M NOT WRONG ABOUT THIS!!!
@Winx thats only because your % of paycheck going to the Fed was lower. Yes your return was lower, but your disposable income throughout the year was increased.
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I did the math: If the every billionaire donated just 2.5% of their wealth to homelessness, we could give every homeless person in the U.S. $250,000. Enough for a moderate house, or a 2-bedroom apartment for 10 and a half years.
Just FYI: the point of this is to show the wealth gap. There are people who are not homeless but still struggle. This was also done with data that *overestimated* the amount of homeless people in the world.
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Please understand that if you look at the Congressional Record which lists how every member of the House and Senate vote on Bills you will see one consistent theme and that is the Republicans always favor the wealthy i.e. Give Billionaires tax cuts while fighting any increase in the minimum wage, ship jobs over seas so that the top stock holders can make more money - FOLKS I'M NOT WRONG ABOUT THIS!!!
@Winx thats only because your % of paycheck going to the Fed was lower. Yes your return was lower, but your disposable income throughout the year was increased.
Load More Replies... I did the math: If the every billionaire donated just 2.5% of their wealth to homelessness, we could give every homeless person in the U.S. $250,000. Enough for a moderate house, or a 2-bedroom apartment for 10 and a half years.
Just FYI: the point of this is to show the wealth gap. There are people who are not homeless but still struggle. This was also done with data that *overestimated* the amount of homeless people in the world.
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