Progressive Caucus Demands Pelosi Unveil Bold Coronavirus Package That Includes $2,000 Monthly Cash

[Family Man]

 

[Family Man]

Here's the problem people.

We have a chance to give people a little breathing room, but some are too shortsighted and indoctrinated.

It doesn't work like that breh.

 

[winb83]

What?!? I wish tf someone would tax 70% of my money. That is absurd!!!

It's a marginal tax rate. The income below $10 million isn't taxes anywhere near that high.

 

[Rawtid]

It's a marginal tax rate. The income below $10 million isn't taxes anywhere near that high.

I still would prefer a flat tax with limits on income.

 

[Dzali OG]

It doesn't work like that breh.

It works like any way you force it too...especially when we have numbers.

 

[MikelArteta]

@Dorian Breh explain my brother

 

[Dameon Farrow]

where are we reading that it's for life? Like many in here are posting?

It's a coronavirus package. That means once this clears up it'll stop. Why are we acting like it's free money for life? Saying it's gonna bankrupt the country. Kinda right wing bs talk is that?

 

[Tunez]

I need that in my bank account ASAP

 

[Isaiah Bradley]

smh. More grandstanding by these progressive politicians after their leadership gave up their leverage

 

[BaggerofTea]

smh. More grandstanding by these progressive politicians after their leadership gave up their leverage

Your act has played out bro

 

[IsThatBrothaMouzone?]

Now I'm starting to see why Republicans say all democrats want is a bunch of free shyt. There is some truth to that. People want to go back to work. No matter how much pandering the progressives do and the attempts from the Democrats to buy votes they're still going to lose.

Good points.

One thing to keep in mind however.........as a whole, "blue" liberal states are net payers when it comes to taxes/government aid while most red states are net receivers. The GOP complains about people getting free money and being lazy.....but that actually applies to THEIR constituents more than anything.

People in Cali, New York, Massachusetts etc., are putting a lot more into the pot while places like West Virginia, Kentucky etc , take more out the pot.

If taxes had to be raised to pay for these programs, liberal states would be paying more than their share of the bill. Red states would complain about it but they damn sure wouldn't turn the money down.

 

[IsThatBrothaMouzone?]

there are a lot of unemployed people. the first plan basically promised them like 4k/month. now 2k on top of that with this plan. the government is gonna pay tens of millions of americans 6k/month

I support helping the people....we just have to avoid inflation.

If everyone was bringing in the kind of bank, the cost of EVERYTHING would rise.

Taxes would go up on corporations (good), but they won't just eat that increase....they're going to pass at least SOME cost onto consumers. With better safety nets, people will be more discerning about the jobs the take. Companies will have to pay more to attract people. Pay people more money = pass more costs onto consumers....gotta keep shareholders happy.

The degree of inflation is hard to predict. Rent would definitely rise since people can afford more expensive housing. If you were charging $1,200 for a 1 bdr, now you can probably charge $1,750+ and have the same level of demand.

Housing prices go up.....since more people are flush with cash, I can hold out and sell at a decent markup. The owners of land/capital etc., would just raise the prices enough to adjust for any shortfall. Question is how much....

 

[loyola llothta]

 

[NYSTATEOFMIND]

If this shyt ever passed- I would pledge allegiance to the United States in a Captain America costume for a year

 

[Isaiah Bradley]

Your act has played out bro

...then it should be easy to prove me wrong, try it