SkisNH Posted July 10, 2022 Share Posted July 10, 2022 https://www.rpc.senate.gov/policy-papers/growing-the-welfare-state-in-the-name-of-covid-relief One recent analysis looked at a hypothetical married couple living in Georgia with two young children. One spouse worked in 2019, earning $60,000, but lost her job last year because of state shutdowns. “That family will have received $50,840 in federal and state unemployment benefits from April 1, 2020 to September 6, 2021, plus $11,400 in stimulus payments, plus $7,200 in Child Tax Credit, totaling $69,440 in combined COVID-19 relief benefits Quote Link to comment Share on other sites More sharing options...
SkisNH Posted July 10, 2022 Author Share Posted July 10, 2022 A middle-class family with two young children and an income of $150,000 got at least $13,600 in additional benefits for 2021, including a substantial “recovery rebate,” an increased child tax credit, and a child and dependent care tax credit plus-up. Since March 2020, this family has gotten $11,400 in direct checks from the federal government. Quote Link to comment Share on other sites More sharing options...
f7ben Posted July 10, 2022 Share Posted July 10, 2022 Oh noes!!!! Middle class people got a few extra crumbs!!! Motherfuckers!!! Quote Link to comment Share on other sites More sharing options...
SkisNH Posted July 10, 2022 Author Share Posted July 10, 2022 28 minutes ago, f7ben said: Oh noes!!!! Middle class people got a few extra crumbs!!! Motherfuckers!!! Ha...totals a couple of trillion overall. But since when are you for more govt spending. How much did you get lmao 🤣 Quote Link to comment Share on other sites More sharing options...
Mainecat Posted July 10, 2022 Share Posted July 10, 2022 The right is angry the middle class gets the money YET they all applaud it when the repubs give trillions of tax breaks to corps. (they don’t realize the money the middle class gets keeps the corps in business) But yeah hat the lbs Quote Link to comment Share on other sites More sharing options...
Ez ryder Posted July 11, 2022 Share Posted July 11, 2022 14 hours ago, f7ben said: Oh noes!!!! Middle class people got a few extra crumbs!!! Motherfuckers!!! And now they are paying for it 50 fold and counting 1 Quote Link to comment Share on other sites More sharing options...
f7ben Posted July 11, 2022 Share Posted July 11, 2022 Just now, Ez ryder said: And now they are paying for it 50 fold and counting The money people got is not what drove inflation Quote Link to comment Share on other sites More sharing options...
Sleepr2 Posted July 11, 2022 Share Posted July 11, 2022 15 hours ago, Mainecat said: The right is angry the middle class gets the money YET they all applaud it when the repubs give trillions of tax breaks to corps. (they don’t realize the money the middle class gets keeps the corps in business) But yeah hat the lbs Bleat’s the tax dodger Quote Link to comment Share on other sites More sharing options...
SkisNH Posted July 11, 2022 Author Share Posted July 11, 2022 6 hours ago, f7ben said: The money people got is not what drove inflation Sure it is....that is the money that got injected directly into the already booming economy. Quote Link to comment Share on other sites More sharing options...
DriftBusta Posted July 11, 2022 Share Posted July 11, 2022 8 hours ago, f7ben said: The money people got is not what drove inflation It absolutely contributed to that and if I recall, that was a major bitch of yours with all the spending. Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Highmark Posted July 11, 2022 Platinum Contributing Member Share Posted July 11, 2022 10 hours ago, f7ben said: The money people got is not what drove inflation Drove no but all "printed" money contributed to it. Basic economics. Quote Link to comment Share on other sites More sharing options...
f7ben Posted July 11, 2022 Share Posted July 11, 2022 8 minutes ago, Highmark said: Drove no but all "printed" money contributed to it. Basic economics. I’m talking specifically about the relatively small economic stimulus that landed in lower income people’s pockets. It was not the main culprit in the current inflation. The fed driving interest rates to 0 and then jamming 7 trillion dollars down the banks throats driving up every asset class had 100x greater effect. 1 Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Highmark Posted July 11, 2022 Platinum Contributing Member Share Posted July 11, 2022 3 minutes ago, f7ben said: I’m talking specifically about the relatively small economic stimulus that landed in lower income people’s pockets. It was not the main culprit in the current inflation. The fed driving interest rates to 0 and then jamming 7 trillion dollars down the banks throats driving up every asset class had 100x greater effect. Why I said it didn't drive it. Quote Link to comment Share on other sites More sharing options...
f7ben Posted July 11, 2022 Share Posted July 11, 2022 5 minutes ago, Highmark said: Why I said it didn't drive it. I just think it’s really important that we don’t let the narrative shift to “oh those poor people and their $600 checks caused this!!! Why do they need a raise at work!!” That is the narrative these cocksucking bankers are pushing and it’s 100% bullshit 3 Quote Link to comment Share on other sites More sharing options...
ArcticCrusher Posted July 11, 2022 Share Posted July 11, 2022 9 minutes ago, f7ben said: I’m talking specifically about the relatively small economic stimulus that landed in lower income people’s pockets. It was not the main culprit in the current inflation. The fed driving interest rates to 0 and then jamming 7 trillion dollars down the banks throats driving up every asset class had 100x greater effect. The people were given crumbs and were not not the main drivers. The corp handout was a different story. All was unnecessary. Quote Link to comment Share on other sites More sharing options...
f7ben Posted July 11, 2022 Share Posted July 11, 2022 Just now, ArcticCrusher said: The people were given crumbs and were not not the main drivers. The corp handout was a different story. All was unnecessary. 100% but as usual the vampires want to focus on the crumbs the proletariat got and sweep under the rug the fact that they funneled trillions into the pockets of the 1% Quote Link to comment Share on other sites More sharing options...
Anler Posted July 11, 2022 Share Posted July 11, 2022 People still like to scoff at this guy despite having a history of being 100% correct about everything. 3 Quote Link to comment Share on other sites More sharing options...
Anler Posted July 11, 2022 Share Posted July 11, 2022 (edited) 14 minutes ago, f7ben said: 100% but as usual the vampires want to focus on the crumbs the proletariat got and sweep under the rug the fact that they funneled trillions into the pockets of the 1% Big corps enriched themselves on our backs... again. Perhaps we should reignite the debate about how decentralized non-debasable currency is backed by nothing? Edited July 11, 2022 by Anler Quote Link to comment Share on other sites More sharing options...
f7ben Posted July 11, 2022 Share Posted July 11, 2022 2 minutes ago, Anler said: Big corps enriched themselves on our backs... again. Perhaps we should reignite the debate about how decentralized non-debasable currency is backed by nothing? It’s pointless Quote Link to comment Share on other sites More sharing options...
Anler Posted July 11, 2022 Share Posted July 11, 2022 1 minute ago, f7ben said: It’s pointless I know. Quote Link to comment Share on other sites More sharing options...
SkisNH Posted July 11, 2022 Author Share Posted July 11, 2022 1 hour ago, f7ben said: I just think it’s really important that we don’t let the narrative shift to “oh those poor people and their $600 checks caused this!!! Why do they need a raise at work!!” That is the narrative these cocksucking bankers are pushing and it’s 100% bullshit https://www.nytimes.com/interactive/2022/03/11/us/how-covid-stimulus-money-was-spent.html Almost 2 trillion to individuals... Quote Link to comment Share on other sites More sharing options...
f7ben Posted July 11, 2022 Share Posted July 11, 2022 20 minutes ago, SkisNH said: https://www.nytimes.com/interactive/2022/03/11/us/how-covid-stimulus-money-was-spent.html Almost 2 trillion to individuals... Where the fuck did the other 10 trillion go retard? Quote Link to comment Share on other sites More sharing options...
SkisNH Posted July 11, 2022 Author Share Posted July 11, 2022 9 minutes ago, f7ben said: Where the fuck did the other 10 trillion go retard? Well it wasn't 10 it was 6.6 Trillion...as stated about 1/3 went to the people, 1/3 went to businesses and the last 1/3 went to special interest. In no way endorse the spending, but to say the 1/3 that went to the people didn't contribute to inflation is fucking moronic. The velocity of money is far greater when given directly to the consumer. That is what we are seeing now. Quote Link to comment Share on other sites More sharing options...
teamgreen02 Posted July 11, 2022 Share Posted July 11, 2022 2 minutes ago, SkisNH said: Well it wasn't 10 it was 6.6 Trillion...as stated about 1/3 went to the people, 1/3 went to businesses and the last 1/3 went to special interest. In no way endorse the spending, but to say the 1/3 that went to the people didn't contribute to inflation is fucking moronic. The velocity of money is far greater when given directly to the consumer. That is what we are seeing now. Not to mention paying people not to work didn't help with the supply chain problems. which further fueled inflation. Printing more money to chase fewer goods will never end well. Quote Link to comment Share on other sites More sharing options...
motonoggin Posted July 11, 2022 Share Posted July 11, 2022 https://youtu.be/V5Sbhi4h9hg Go to 5:30 Quote Link to comment Share on other sites More sharing options...
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