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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Image credits: kompreya
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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.
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.
Load More Replies...The issue is that *someone* has to pay for the checks. The super and plain old wealthy never will. If you tax them too high, they run abroad and take their money with them and yes, they don’t mind dropping their US citizenship if need be. When that happens, the taxes you would have gotten from them goes completely and so you end up with less money than if you had not raised the taxes in the first place. So who pays for these checks? The already struggling upper lower class and middle class as well as their children and grand children. ... Money does not grow on trees... the usual hard pressed end up paying for these things. It isn’t right... but that’s how it works.
Most of the places the wealthy would run to—-at least the most attractive of them—-have tax rates on their own one-percenters that are sky high in comparison to what they pay here. So no moving away. They WILL hide more of it offshore, however, so we need to address that problem. The reason they bitch and threaten to leave is because they’re playing a zero sum game. To them, even the tiniest crumb that someone else gets is a potential tiny crumb of theirs that’s been taken away from them. They didn’t work for, deserve, or already possess that tiny crumb, yet they lay claim to it as if it was, and begrudge that other person for getting it. They think they have to have the whole pie or they’ll die—-like addicts whose brain chemistry has been altered so much by their drug of choice that, when they try to break their addiction, they experience withdrawal symptoms, which is their neurons chemically sending false signals to their nervous system that if they don’t get that drug, they’ll die.
Load More Replies...They should care. It’s us that serves them their bread and if they ever had to serve their own bread, they’d starve. Change better come or a revolution is bound to happen. The GameStop fiasco was just a precursor of the future.
I never understood how people can vote against their own interest. Then I saw the mindless, dumb faces (or feces, who knows...) of Trump's supporters. It really is that simple - divide your opponent into enemies and you're off more than just better, while they aren't, but some of them will engage in pointless or even downright wrong ideologies, like white supremacy and similar moronities. And, the propaganda worked pretty well - just take a look at the figures given here ... money never is short if it is needed to support some rich company or person in doing something making them even richer, while money always is short when being used to enable people to stay alive. And, no matter how much humiliation is thrown upon, the poor still have to be thankful that those who got rid of their work by automation of something, and those still working - those even more - in the end pay for them remaining alive. The misconception of this is frightening, but also impressing.
People are hating on Amazon, but when you are in a wheelchair there are NOT that many options! Small businesses do not have to be handicap accessible. I've tried to shop small business but even if they have a ramp the aisles are oftentimes too narrow for a wheelchair to navigate through. Amazon, WalMart, Target... the stores everyone hates are the only ones I can really rely on. So I'm grateful for them. Until society acknowledges that people in wheelchairs exist we need these stores.
Seeing as every capitalist country on the planet is in a deficit of billions or even trillions of dollars doesn't that prove capitalism as a system has failed?
The billionaires are not paying for the stimulus checks. We have effectively taken out a 1.9 trillion dollar credit card in our kids' names. Some day they will have to pay it off through huge sacrifices because we decided everyone deserves the money. Maybe we all do, but this isn't free money, and the super rich aren't going to pay it off.
Not if billionaires pay their part. Just say you don’t care about people and move on.
Load More Replies...Bezos-wise: "Retail investors surveyed by Deutsche Bank last month said they would put more than a third of their stimulus checks into the stock market, which could represent inflows of around $170 billion, the bank said in a research note". (https://www.reuters.com/article/us-gamestop-activist/gamestop-shares-surge-53-other-meme-stocks-rally-on-stimulus-hopes-idUSKBN2B019T?il=0)
9% of the "Covid Relief bill is actually for Covid Relief, and it is all borrowed money, we have to pay it back. Borrowing will eventually cause massive inflation which will hurt the poor much more than the rich.
I love how people chastise those who oppose the stimulus checks. I oppose those checks but for a simple reason. I don't want the govt to give me back $1400 of the $20k they took from me already. Just don't tax me as much. I have no problem with Billionaires. They took risk to create a product/service that us consumers find valuable. We voluntarily give them our money for their service/product. People complain about Bezos and Musk being successful, but they forget there were dozens of billionaires that had crappy ideas that failed. We as consumers hold that power to deem what is worthy of our money... not the billionaires.
You are able to refuse the money, you know. Look on IRS.gov for instructions how to do that.
Load More Replies...Capitalism isn't the problem. It's human greed plain and simple. No one needs to own five homes. What the hell do you even do with a 14 bedroom home unless you have atleast 12 kids?!?!?!?
Poor people will never save $3-$4K a month in taxes. Or anywhere near that. They just bring home their $7.25 an hour in a job that won't give them more than 30 hours a week, and fall deeper into debt.
Load More Replies...Bezos created such low-paying jobs that YOU are paying his employees...for their food stamps. Wake TF up.
Load More Replies...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.
Load More Replies...The issue is that *someone* has to pay for the checks. The super and plain old wealthy never will. If you tax them too high, they run abroad and take their money with them and yes, they don’t mind dropping their US citizenship if need be. When that happens, the taxes you would have gotten from them goes completely and so you end up with less money than if you had not raised the taxes in the first place. So who pays for these checks? The already struggling upper lower class and middle class as well as their children and grand children. ... Money does not grow on trees... the usual hard pressed end up paying for these things. It isn’t right... but that’s how it works.
Most of the places the wealthy would run to—-at least the most attractive of them—-have tax rates on their own one-percenters that are sky high in comparison to what they pay here. So no moving away. They WILL hide more of it offshore, however, so we need to address that problem. The reason they bitch and threaten to leave is because they’re playing a zero sum game. To them, even the tiniest crumb that someone else gets is a potential tiny crumb of theirs that’s been taken away from them. They didn’t work for, deserve, or already possess that tiny crumb, yet they lay claim to it as if it was, and begrudge that other person for getting it. They think they have to have the whole pie or they’ll die—-like addicts whose brain chemistry has been altered so much by their drug of choice that, when they try to break their addiction, they experience withdrawal symptoms, which is their neurons chemically sending false signals to their nervous system that if they don’t get that drug, they’ll die.
Load More Replies...They should care. It’s us that serves them their bread and if they ever had to serve their own bread, they’d starve. Change better come or a revolution is bound to happen. The GameStop fiasco was just a precursor of the future.
I never understood how people can vote against their own interest. Then I saw the mindless, dumb faces (or feces, who knows...) of Trump's supporters. It really is that simple - divide your opponent into enemies and you're off more than just better, while they aren't, but some of them will engage in pointless or even downright wrong ideologies, like white supremacy and similar moronities. And, the propaganda worked pretty well - just take a look at the figures given here ... money never is short if it is needed to support some rich company or person in doing something making them even richer, while money always is short when being used to enable people to stay alive. And, no matter how much humiliation is thrown upon, the poor still have to be thankful that those who got rid of their work by automation of something, and those still working - those even more - in the end pay for them remaining alive. The misconception of this is frightening, but also impressing.
People are hating on Amazon, but when you are in a wheelchair there are NOT that many options! Small businesses do not have to be handicap accessible. I've tried to shop small business but even if they have a ramp the aisles are oftentimes too narrow for a wheelchair to navigate through. Amazon, WalMart, Target... the stores everyone hates are the only ones I can really rely on. So I'm grateful for them. Until society acknowledges that people in wheelchairs exist we need these stores.
Seeing as every capitalist country on the planet is in a deficit of billions or even trillions of dollars doesn't that prove capitalism as a system has failed?
The billionaires are not paying for the stimulus checks. We have effectively taken out a 1.9 trillion dollar credit card in our kids' names. Some day they will have to pay it off through huge sacrifices because we decided everyone deserves the money. Maybe we all do, but this isn't free money, and the super rich aren't going to pay it off.
Not if billionaires pay their part. Just say you don’t care about people and move on.
Load More Replies...Bezos-wise: "Retail investors surveyed by Deutsche Bank last month said they would put more than a third of their stimulus checks into the stock market, which could represent inflows of around $170 billion, the bank said in a research note". (https://www.reuters.com/article/us-gamestop-activist/gamestop-shares-surge-53-other-meme-stocks-rally-on-stimulus-hopes-idUSKBN2B019T?il=0)
9% of the "Covid Relief bill is actually for Covid Relief, and it is all borrowed money, we have to pay it back. Borrowing will eventually cause massive inflation which will hurt the poor much more than the rich.
I love how people chastise those who oppose the stimulus checks. I oppose those checks but for a simple reason. I don't want the govt to give me back $1400 of the $20k they took from me already. Just don't tax me as much. I have no problem with Billionaires. They took risk to create a product/service that us consumers find valuable. We voluntarily give them our money for their service/product. People complain about Bezos and Musk being successful, but they forget there were dozens of billionaires that had crappy ideas that failed. We as consumers hold that power to deem what is worthy of our money... not the billionaires.
You are able to refuse the money, you know. Look on IRS.gov for instructions how to do that.
Load More Replies...Capitalism isn't the problem. It's human greed plain and simple. No one needs to own five homes. What the hell do you even do with a 14 bedroom home unless you have atleast 12 kids?!?!?!?
Poor people will never save $3-$4K a month in taxes. Or anywhere near that. They just bring home their $7.25 an hour in a job that won't give them more than 30 hours a week, and fall deeper into debt.
Load More Replies...Bezos created such low-paying jobs that YOU are paying his employees...for their food stamps. Wake TF up.
Load More Replies...
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