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Your link:A wealth tax could be implemented temporarily in these extraordinary times, to pay for this.
The Occupy Corona National Survival Plan: Full Jobless Benefits for Duration of Lockdown, Paid by Temporary Wealth Tax
"It has been estimated that a 2 percent tax on individuals with more than $50 million in assets and 3 percent on those with more than $1 billion would raise somewhat under $300 billion dollars per year. This would easily cover the cost of a full year's 100% paycheck unemployment benefits."
In a $20 trillion economy, is it realistic to expect $300 billion to cover one full year's UE benefits?
I think those millionaires and billionaires are relying on Wall Street and the New York Fed to ensure their continued prosperity:The millionaire and billionaires are not collecting unemployment. They will likely not cash their stimulus check. We are in this together, so together it should be paid for. That's why we need a consumption tax until what we are spending now is paid for down the road.
I think those millionaires and billionaires are relying on Wall Street and the New York Fed to ensure their continued prosperity:The millionaire and billionaires are not collecting unemployment. They will likely not cash their stimulus check. We are in this together, so together it should be paid for. That's why we need a consumption tax until what we are spending now is paid for down the road.
American Workers Get a 4-Month Safety Net; Wall Street Gets a 4 to 5-Year Bailout
"The Wall Street programs are not going to last for just 4 months or to the end of the year as are the CARES Act’s programs for workers. They are going to last longer than they did during the 2008 financial crash.
"The New York Fed’s Term Asset-Backed Securities Loan Facility (TALF) will last three years.
"The Primary Market Corporate Credit Facility (PMCCF) will last for four years and buy up investment grade as well as junk-rated corporate bonds to shore up the balance sheets of mega banks on Wall Street.
"The Secondary Market Corporate Credit Facility (SMCCF) will last for five years, buying up everything from investment grade to junk corporate bonds as well as junk-rated exchange traded funds (ETFs).
"Just how is it that the New York Fed knows that it will need these 'emergency' programs to be around for four and five years when the coronavirus outbreak is expected to end within months."
Imho, we have never recovered from the Dot Com/911 crash, and we never will until the $trillions going to Wall Street go to Main Street instead, and the corrupt parasites in the FIRE sector pay for their many crimes in a courtroom.
I think those millionaires and billionaires are relying on Wall Street and the New York Fed to ensure their continued prosperity:The millionaire and billionaires are not collecting unemployment. They will likely not cash their stimulus check. We are in this together, so together it should be paid for. That's why we need a consumption tax until what we are spending now is paid for down the road.
American Workers Get a 4-Month Safety Net; Wall Street Gets a 4 to 5-Year Bailout
"The Wall Street programs are not going to last for just 4 months or to the end of the year as are the CARES Act’s programs for workers. They are going to last longer than they did during the 2008 financial crash.
"The New York Fed’s Term Asset-Backed Securities Loan Facility (TALF) will last three years.
"The Primary Market Corporate Credit Facility (PMCCF) will last for four years and buy up investment grade as well as junk-rated corporate bonds to shore up the balance sheets of mega banks on Wall Street.
"The Secondary Market Corporate Credit Facility (SMCCF) will last for five years, buying up everything from investment grade to junk corporate bonds as well as junk-rated exchange traded funds (ETFs).
"Just how is it that the New York Fed knows that it will need these 'emergency' programs to be around for four and five years when the coronavirus outbreak is expected to end within months."
Imho, we have never recovered from the Dot Com/911 crash, and we never will until the $trillions going to Wall Street go to Main Street instead, and the corrupt parasites in the FIRE sector pay for their many crimes in a courtroom.
I'm relying on Modern Money Theory to explain how public jobs could be created similarly to FDR's New Deal:So the trillions going from wall street goes to main street. What good do those trillions do when there is no place to work any longer? And if we pay everybody to stay home
You're such a fucked in the head Commie, the jizz goes in one ear and out the other.
Welcome to my 'ignore' back forty!
I'm relying on Modern Money Theory to explain how public jobs could be created similarly to FDR's New Deal:So the trillions going from wall street goes to main street. What good do those trillions do when there is no place to work any longer? And if we pay everybody to stay home
Modern Monetary Theory - Wikipedia
"MMT's main tenets are that a government that issues its own fiat money:
Millions of living wage jobs could be created, and those wages would be used to subsidize Main Street businesses instead of stock buybacks and exorbitant CEO pay.
- "Can pay for goods, services, and financial assets without a need to collect money in the form of taxes or debt issuance in advance of such purchases.
- Cannot be forced to default on debt denominated in its own currency; "
You're such a fucked in the head Commie, the jizz goes in one ear and out the other.
Welcome to my 'ignore' back forty!
American Workers Get a 4-Month Safety Net; Wall Street Gets a 4 to 5-Year Bailout
"Adding outrageous insult to injury, Congress saw fit in the CARES Act to provide $454 billion of taxpayers’ money to go into this alphabet soup of Wall Street programs to backstop any losses they suffer.
"Once again, just as in 2008, Wall Street has privatized the profits for the one percent and now the losses will be socialized to workers on Main Street, where 16 million job losses have occurred in just the past three weeks."
How the Federal Reserve Is Bailing Out Big Corporations and Wall Street Banks | DCReport.org
[snip]
"Since March 23, the central bank has been buying high-grade corporate bonds issued by companies with a solid history of paying their debts. Think household brand names.
"Fed purchases of those quality bonds inject dollars into the economy. That provides banks, businesses and pension plans with cash to pay to employees, retirees and vendors.
"This bond-buying spree is officially unlimited. It will be multiples of the Fed’s bond purchases in the depths of the Great Recession just a few years ago.
"The Fed did restrict the exchange of corporate bonds at their full face value for dollars to what’s known as investment-grade debt. Investment grade means the face value of the bond and the interest are likely to be paid on time and in full.
"Last week, the Fed did what was previously unthinkable. It started buying bonds now worth far less than they were just weeks ago—some of the riskiest corporate debt in existence. It started buying junk.
To support further credit flow to households and businesses, the Federal Reserve will broaden the range of assets that are eligible collateral for TALF. As detailed in an updated term sheet, TALF-eligible collateral will now include the triple-A rated tranches of both outstanding commercial mortgage-backed securities and newly issued collateralized loan obligations.
You know, with Trump bragging about the bill he got passed through that gives employers and small business owners loans that can be forgiven if they keep their employees and continue to keep them on the payroll.
If Trump's plan is so great and going to help so many, then why are the unemployment numbers so high? Trump told them to not lay off their workers as he said there would be money to keep them afloat temporarily.
Oh wait..................that's right.......................the banks STILL aren't ready or able to comply with it yet, and the funds aren't being distributed.
Not to mention Trump doesn't want the program to have any accountability or oversight until after the election.
Re-instating the draft will provide jobs and food for our youth, along with injecting some cement in their spines!
The Fed's structured investment vehicles facilitate actions that would otherwise be illegal for the bank to pursue like buying junk rated debt.Where are you getting that they are buying junk bonds? From your Fed link:
"Translation: buy JNK with leverage as market prices are now terminally disconnected from underlying fundamentals.""The Facility also may purchase U.S.-listed ETFs whose investment objective is to provide broad exposure to the market for U.S. corporate bonds. The preponderance of ETF holdings will be of ETFs whose primary investment objective is exposure to U.S. investment-grade corporate bonds, and the remainder will be in ETFs whose primary investment objective is exposure to U.S. high-yield corporate bonds
War be coming with China sooner or later.
Declare war sooner!
Too what end?
The dems slammed the breaks on loans to small biz...they had e m rollin outYou know, with Trump bragging about the bill he got passed through that gives employers and small business owners loans that can be forgiven if they keep their employees and continue to keep them on the payroll.
If Trump's plan is so great and going to help so many, then why are the unemployment numbers so high? Trump told them to not lay off their workers as he said there would be money to keep them afloat temporarily.
Oh wait..................that's right.......................the banks STILL aren't ready or able to comply with it yet, and the funds aren't being distributed.
Ya know the party of the working man
Working class America needs DESPERATELY to understand something about the democrat party; THEY FUCKING HATE YOU. To democrats, working class people are "deplorable." democrats support illegal aliens and government union members. The democrats piss in the face of working America.
Democrats wanted a $200.00/mo COLA for social security recipients. Republicans wanted another permanent tax cut for the wealthy. Republicans won. Thank You!!!!!!!
The dems slammed the breaks on loans to small biz...they had e m rollin outYou know, with Trump bragging about the bill he got passed through that gives employers and small business owners loans that can be forgiven if they keep their employees and continue to keep them on the payroll.
If Trump's plan is so great and going to help so many, then why are the unemployment numbers so high? Trump told them to not lay off their workers as he said there would be money to keep them afloat temporarily.
Oh wait..................that's right.......................the banks STILL aren't ready or able to comply with it yet, and the funds aren't being distributed.
Ya know the party of the working man
Working class America needs DESPERATELY to understand something about the democrat party; THEY FUCKING HATE YOU. To democrats, working class people are "deplorable." democrats support illegal aliens and government union members. The democrats piss in the face of working America.
Democrats wanted a $200.00/mo COLA for social security recipients. Republicans wanted another permanent tax cut for the wealthy. Republicans won. Thank You!!!!!!!
Why does SS get a COLA? They don't work!
What is a "wealth tax"?
You worked for that money...you earned it.
You paid taxes on it.
You saved it.
You didn't blow it on crap.
Now the filth want to write a law to steal it from you.
THAT is a wealth tax!
Would Oprah be included in this wealth tax equally? How about obama, hillary, JZ and beyonce?
How many of the Walmart seven worked or earned their money?
Why do you make excuses for those that look down at you?
They built the whole company? I don't need to make excuses for anyone. Why do you care?
And for that matter, there are posts on this forum, where I told you how much I make, and you said that my opinion should not matter because I don't earn very much money.
YOU are the one who looks down on me, more so than any of the Walmart family who employees millions of people with jobs.
What is your excuse?
The majority of the Walmart sevens claim to fame is....they married well. They along with Walmart Stores, Inc. collect $7.8B per year in government subsidies. Who built Walmart?
The dems slammed the breaks on loans to small biz...they had e m rollin outYou know, with Trump bragging about the bill he got passed through that gives employers and small business owners loans that can be forgiven if they keep their employees and continue to keep them on the payroll.
If Trump's plan is so great and going to help so many, then why are the unemployment numbers so high? Trump told them to not lay off their workers as he said there would be money to keep them afloat temporarily.
Oh wait..................that's right.......................the banks STILL aren't ready or able to comply with it yet, and the funds aren't being distributed.
Ya know the party of the working man
Working class America needs DESPERATELY to understand something about the democrat party; THEY FUCKING HATE YOU. To democrats, working class people are "deplorable." democrats support illegal aliens and government union members. The democrats piss in the face of working America.
Democrats wanted a $200.00/mo COLA for social security recipients. Republicans wanted another permanent tax cut for the wealthy. Republicans won. Thank You!!!!!!!
Why does SS get a COLA? They don't work!
SS gets a COLA to keep up with the rising costs of things. And, while they many not be working now, if they are a normal working class person, they have already paid into the program.
