Posted on 02/28/2021 10:15:32 AM PST by CheshireTheCat
Anew piece in the Wall Street Journal by CTUP’s Stephen Moore and Casey Mulligan reports that the “stimulus” bill will reduce employment by between 6 and 8 million jobs because it pays people not to work.
The new bill will create one of the largest expansions in government welfare benefits since LBJ launched the failed War on Poverty (poverty won). The bill includes six months of weekly $400 bonus unemployment benefits on top of the normal weekly benefits, a $3,000 per-child tax credit, an expansion of food-stamp and rental-assistance benefits, $2,000 per person checks, and expanded health-care benefits.
A family of four with two unemployed parents will be eligible for benefits ranging from $100,000 to $150,000 (with no payroll tax) in benefits on an annualized basis. In other words, the stimulus pays most unemployed people more money not to work than to go back on the job.
This isn’t a safety net, it’s more like a hammock....
(Excerpt) Read more at issuesinsights.com ...
We have destroyed our future generations’ economic prospects and standard of living more than if North Korea or Iran launched nuclear strikes on cities.
National suicide.
lol!
Heck of a lot of people making under $100,000 who would gladly go on unemployment to reap these rewards.
She never said she was,
.
They’re trying to insure their reelection and power, at the expense of the economy.
They’re like that virtue-signalling neighbor who insists on leaving more and more cat food on their back porch to feed stray cats; in short order they end up putting out hundreds of dollars to unwittingly infest the entire neighborhood with lazy stray cats, raccoons, opossums, and rodents of all kinds.
[[Work can be fun, and give a person a feeling of pride and accomplishment.]]
What are you? Some kind of right wing, white privilege, white supremacist? /s
Because it takes a special kind of dedication and commitment to not work for a living. These special kinds of people will find that, once the benefits run out, few people will be inclined to hire them.
You think it will be that easy? Just quit your job and start making more money than you ever did in your life? maybe it will be that easy. I doubt it but who knows in this age of insanity.
Well, it is made all the easier if you claim that you don’t want to work because you have concerns about getting COVID.
I like my job, but it wished it paid more. Everyone wants to be paid more. LOL.
Going into the office gives it a sense of enjoyment and fun. Working at home wouldn’t give this. Working at home would be miserable, cost me more money (internet, electricity, etc.), and I would put in more hours that I would otherwise.
Trying not to work would drive me nuts. However, a lot of my neighbors are able to pull it off.
Bookmark
Going, going, ...
Working is for suckers.
>>Heck of a lot of people making under $100,000 who would gladly go on unemployment to reap these rewards.
It’s $100k with NO PAYROLL TAX. Heck of a lot of people earning less than $175k who would gladly go on unemployment to reap these rewards.
Sign me up!
Negative. Weimar had hyper inflation because it was printing more more money than it could produce goods. Asia factories are running below capacity right now. Asia can produce more goods & services than our govt can print money.
That’s right.
They will become so dependent on handouts that they lose the ability and motivation to do anything for themselves.
I’d rather face my Creator with a clear conscience knowing I earned the money I got instead of sucking off the government teat as a useless waste of oxygen.
“on an annualized basis”??? Why don’t you just stretch it out to 10 years and call it a million dollars?
There is no reason to think that after this 6 month unemployment bill is finished, that we would be passing the same relief again.
There is no reason to annualize one time payments either.
Vaccinations will be widespread in 6 months and coronavirus should be on the run.
Debate the appropriateness of the bill, but don’t misrepresent it by annualizing a bill that isn’t expected in perpetuity.
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