How about a capital gains tax cut stimulus?

[Ray From Cleveland]

The $1,000 idea is intended to help the people living paycheck-to-paycheck. And there are plenty of them. Plenty of people are out of work right now and still need to pay their mortgage and utility bills. Restaurant workers, casino workers, tourism industries, taxi/Uber drivers, etc.

A 2% capital gains cut isn't going to help the people who really need it right now. Investors are going to be fine, eventually. People living paycheck-to-paycheck are going to be in serious trouble if something isn't done quickly. And it's looking like this is going to last a while. The last thing we need is for people with a lack of options acting desperately in a time like this.

When people lose their job, they go on unemployment. Our state wavered the two week waiting period so people receive their first check much sooner than normal.

Unemployment doesn't cover all their losses.

These are the people who are most vulnerable at this time. Investors will be fine. Your priorities are completely mixed up.

Unemployment never covered the losses of most workers, but you can get by on it. Millions of people do every year. What happens when people lose their job for other reasons besides a virus going around? They make do or find other work.

The most you can receive in unemployment in a week in Arizona is $240. Doesn't even cover rent.

My next door neighbor was on it during the last recession. He was getting (after taxes) about $325.00 a week.

 

[HappyJoy]

No trumper fan cares about debt. He ran up trillion dollar deficits in good times. You care about the rich, that is all. Hence the idiotic OP...

You mean the same rich that invest in the market which is responsible for the growth of my IRA? You bet I care about them.

You sure do. Is that why we have moved to an investment driven retirement? More rich worship? More power for the wealthy?

How does our market investments give them more power? We help them and they help us. That's the way a market is supposed to work. My point is that I don't only care for the rich, I care about what's best for all of the country, including the rich.

Investors aren't going to invest in the middle of a pandemic or even a recession. Might as well flush their money down the toilet.

If I get some extra money while the market is down, it's going right to my IRA account. If it goes down even more, I really lost nothing because I'm not planning on using that account for a couple of years if not longer. Whatever I lose, I'll gain back in the next couple of months most likely. Example:

I send money to our investment company. They buy me a hundred shares at $10.00 each. By next week, that drops to $7.00 a share. In two months, it goes up to $15.00 a share. You see, I really lost nothing. I actually gained a lot because pre-virus market, those shares would have cost me $22.00 each to buy. That's why you really don't lose anything, and most people in the market understand how this all works.

Great, it's doing wonders for the market. Thank you.

 

[HappyJoy]

The $1,000 idea is intended to help the people living paycheck-to-paycheck. And there are plenty of them. Plenty of people are out of work right now and still need to pay their mortgage and utility bills. Restaurant workers, casino workers, tourism industries, taxi/Uber drivers, etc.

A 2% capital gains cut isn't going to help the people who really need it right now. Investors are going to be fine, eventually. People living paycheck-to-paycheck are going to be in serious trouble if something isn't done quickly. And it's looking like this is going to last a while. The last thing we need is for people with a lack of options acting desperately in a time like this.

When people lose their job, they go on unemployment. Our state wavered the two week waiting period so people receive their first check much sooner than normal.

Unemployment doesn't cover all their losses.

These are the people who are most vulnerable at this time. Investors will be fine. Your priorities are completely mixed up.

Unemployment never covered the losses of most workers, but you can get by on it. Millions of people do every year. What happens when people lose their job for other reasons besides a virus going around? They make do or find other work.

The most you can receive in unemployment in a week in Arizona is $240. Doesn't even cover rent.

My next door neighbor was on it during the last recession. He was getting (after taxes) about $325.00 a week.

Neat. I love the anecdotal bullshit, but my answer is based on real people.

Collecting Unemployment Benefits in Arizona

Also, $325 is not enough to live off of either.

 

[XponentialChaos]

The $1,000 idea is intended to help the people living paycheck-to-paycheck. And there are plenty of them. Plenty of people are out of work right now and still need to pay their mortgage and utility bills. Restaurant workers, casino workers, tourism industries, taxi/Uber drivers, etc.

A 2% capital gains cut isn't going to help the people who really need it right now. Investors are going to be fine, eventually. People living paycheck-to-paycheck are going to be in serious trouble if something isn't done quickly. And it's looking like this is going to last a while. The last thing we need is for people with a lack of options acting desperately in a time like this.

When people lose their job, they go on unemployment. Our state wavered the two week waiting period so people receive their first check much sooner than normal.

Unemployment doesn't cover all their losses.

These are the people who are most vulnerable at this time. Investors will be fine. Your priorities are completely mixed up.

Unemployment never covered the losses of most workers, but you can get by on it. Millions of people do every year. What happens when people lose their job for other reasons besides a virus going around? They make do or find other work.

Finding "other work" isn't so easy right now, is it?

 

[lennypartiv]

The $1,000 idea is intended to help the people living paycheck-to-paycheck. And there are plenty of them. Plenty of people are out of work right now and still need to pay their mortgage and utility bills. Restaurant workers, casino workers, tourism industries, taxi/Uber drivers, etc.

Clearly any bailout money needs to go to the job creators.

 

[Ray From Cleveland]

When people lose their job, they go on unemployment. Our state wavered the two week waiting period so people receive their first check much sooner than normal.

Unemployment doesn't cover all their losses.

These are the people who are most vulnerable at this time. Investors will be fine. Your priorities are completely mixed up.

Unemployment never covered the losses of most workers, but you can get by on it. Millions of people do every year. What happens when people lose their job for other reasons besides a virus going around? They make do or find other work.

The most you can receive in unemployment in a week in Arizona is $240. Doesn't even cover rent.

My next door neighbor was on it during the last recession. He was getting (after taxes) about $325.00 a week.

Neat. I love the anecdotal bullshit, but my answer is based on real people.

Collecting Unemployment Benefits in Arizona

Also, $325 is not enough to live off of either.

Maybe not where you live, but you can pay your bills with that amount of money up this way.

 

[HappyJoy]

Unemployment doesn't cover all their losses.

These are the people who are most vulnerable at this time. Investors will be fine. Your priorities are completely mixed up.

Unemployment never covered the losses of most workers, but you can get by on it. Millions of people do every year. What happens when people lose their job for other reasons besides a virus going around? They make do or find other work.

The most you can receive in unemployment in a week in Arizona is $240. Doesn't even cover rent.

My next door neighbor was on it during the last recession. He was getting (after taxes) about $325.00 a week.

Neat. I love the anecdotal bullshit, but my answer is based on real people.

Collecting Unemployment Benefits in Arizona

Also, $325 is not enough to live off of either.

Maybe not where you live, but you can pay your bills with that amount of money up this way.

Neat. Arizona is a cheap state to live in. 1,300 bucks a month isn't going to support you for long unless you live with your parents.

 

[debbiedowner]

Yes, that's what I said. Watching these liberals, and even Republicans alike, striving to save our markets, economy and jobs by passing out checks, would that really do much of anything? I don't think so.

Help? Perhaps a little bit. But ask yourself: if the government gave you a tax-free $1,000 one-time check, what would you do with it, and more importantly, how would your actions aid in economic stability or recovery?

I for one would put my check towards my car loan. Some might payoff a credit card. Some, an extra mortgage payment. Others might take advantage of the low stock prices these days. But is that enough?

Long term capital gains taxes range from 0% to 20% depending on the amount of your investment. Instead of passing out checks, and putting us yet another trillion more in debt, wouldn't it make more sense for a 120 day 2% capital gains tax???

More complicated in figuring income tax by your tax preparer, or yourself? Perhaps However my belief is that investors are looking for the slightest sign of getting back into the market to take advantage of buy low-sell high. A huge reduction in taxes for 120 days (long enough for this virus hysteria to decrease) might give an extra incentive to invest money back into the market right now.

It's more than just the stock market, because if you sell your home at a profit, you get taxed on the capital gains. Such a move might help in new housing along with the market. The best part? No government Wall Street bailout as well.

Shutting the country down for a few weeks would contain the virus not any fucking tax cuts. Jesus Christ all of a sudden you righties want socialism and free shit.

 

[Ray From Cleveland]

Yes, that's what I said. Watching these liberals, and even Republicans alike, striving to save our markets, economy and jobs by passing out checks, would that really do much of anything? I don't think so.

Help? Perhaps a little bit. But ask yourself: if the government gave you a tax-free $1,000 one-time check, what would you do with it, and more importantly, how would your actions aid in economic stability or recovery?

I for one would put my check towards my car loan. Some might payoff a credit card. Some, an extra mortgage payment. Others might take advantage of the low stock prices these days. But is that enough?

Long term capital gains taxes range from 0% to 20% depending on the amount of your investment. Instead of passing out checks, and putting us yet another trillion more in debt, wouldn't it make more sense for a 120 day 2% capital gains tax???

More complicated in figuring income tax by your tax preparer, or yourself? Perhaps However my belief is that investors are looking for the slightest sign of getting back into the market to take advantage of buy low-sell high. A huge reduction in taxes for 120 days (long enough for this virus hysteria to decrease) might give an extra incentive to invest money back into the market right now.

It's more than just the stock market, because if you sell your home at a profit, you get taxed on the capital gains. Such a move might help in new housing along with the market. The best part? No government Wall Street bailout as well.

Shutting the country down for a few weeks would contain the virus not any fucking tax cuts. Jesus Christ all of a sudden you righties want socialism and free shit.

Uh-huh. So let me get this straight: giving all Americans a $1,000 check is not socialism, but lowering taxes are. Gotcha.

 

[Ray From Cleveland]

Unemployment never covered the losses of most workers, but you can get by on it. Millions of people do every year. What happens when people lose their job for other reasons besides a virus going around? They make do or find other work.

The most you can receive in unemployment in a week in Arizona is $240. Doesn't even cover rent.

My next door neighbor was on it during the last recession. He was getting (after taxes) about $325.00 a week.

Neat. I love the anecdotal bullshit, but my answer is based on real people.

Collecting Unemployment Benefits in Arizona

Also, $325 is not enough to live off of either.

Maybe not where you live, but you can pay your bills with that amount of money up this way.

Neat. Arizona is a cheap state to live in. 1,300 bucks a month isn't going to support you for long unless you live with your parents.

I guess that depends on the individual. I can live on that. Most people who don't have a mortgage could live on that. People who have a working spouse can live on that. People who have the capability to work under the table while collecting unemployment can live on that.

 

[HappyJoy]

The most you can receive in unemployment in a week in Arizona is $240. Doesn't even cover rent.

My next door neighbor was on it during the last recession. He was getting (after taxes) about $325.00 a week.

Neat. I love the anecdotal bullshit, but my answer is based on real people.

Collecting Unemployment Benefits in Arizona

Also, $325 is not enough to live off of either.

Maybe not where you live, but you can pay your bills with that amount of money up this way.

Neat. Arizona is a cheap state to live in. 1,300 bucks a month isn't going to support you for long unless you live with your parents.

I guess that depends on the individual. I can live on that. Most people who don't have a mortgage could live on that. People who have a working spouse can live on that. People who have the capability to work under the table while collecting unemployment can live on that.

Great, you find that very small and specific segment of the population in order to suit your argument for tax cuts on capital gains, it means you kind of lost.

 

[Ray From Cleveland]

My next door neighbor was on it during the last recession. He was getting (after taxes) about $325.00 a week.

Neat. I love the anecdotal bullshit, but my answer is based on real people.

Collecting Unemployment Benefits in Arizona

Also, $325 is not enough to live off of either.

Maybe not where you live, but you can pay your bills with that amount of money up this way.

Neat. Arizona is a cheap state to live in. 1,300 bucks a month isn't going to support you for long unless you live with your parents.

I guess that depends on the individual. I can live on that. Most people who don't have a mortgage could live on that. People who have a working spouse can live on that. People who have the capability to work under the table while collecting unemployment can live on that.

Great, you find that very small and specific segment of the population in order to suit your argument for tax cuts on capital gains, it means you kind of lost.

Small segment? You think that people who have a working mate, or people who have a paid off mortgage, or both, are a small segment of our population?

 

[HappyJoy]

Neat. I love the anecdotal bullshit, but my answer is based on real people.

Collecting Unemployment Benefits in Arizona

Also, $325 is not enough to live off of either.

Maybe not where you live, but you can pay your bills with that amount of money up this way.

Neat. Arizona is a cheap state to live in. 1,300 bucks a month isn't going to support you for long unless you live with your parents.

I guess that depends on the individual. I can live on that. Most people who don't have a mortgage could live on that. People who have a working spouse can live on that. People who have the capability to work under the table while collecting unemployment can live on that.

Great, you find that very small and specific segment of the population in order to suit your argument for tax cuts on capital gains, it means you kind of lost.

Small segment? You think that people who have a working mate, or people who have a paid off mortgage, or both, are a small segment of our population?

Compared to those who have a mortgage, scraping by living paycheck to paycheck? Yes.

 

[Ray From Cleveland]

Maybe not where you live, but you can pay your bills with that amount of money up this way.

Neat. Arizona is a cheap state to live in. 1,300 bucks a month isn't going to support you for long unless you live with your parents.

I guess that depends on the individual. I can live on that. Most people who don't have a mortgage could live on that. People who have a working spouse can live on that. People who have the capability to work under the table while collecting unemployment can live on that.

Great, you find that very small and specific segment of the population in order to suit your argument for tax cuts on capital gains, it means you kind of lost.

Small segment? You think that people who have a working mate, or people who have a paid off mortgage, or both, are a small segment of our population?

Compared to those who have a mortgage, scraping by living paycheck to paycheck? Yes.

I disagree. Most of the people I know are married or living with somebody like a girlfriend or boyfriend. Most are two income households. The people who "scrape by" are younger and not established yet. I know I struggled for the first ten years or so after moving out on my own.

 

[Brain357]

Yes, that's what I said. Watching these liberals, and even Republicans alike, striving to save our markets, economy and jobs by passing out checks, would that really do much of anything? I don't think so.

Help? Perhaps a little bit. But ask yourself: if the government gave you a tax-free $1,000 one-time check, what would you do with it, and more importantly, how would your actions aid in economic stability or recovery?

I for one would put my check towards my car loan. Some might payoff a credit card. Some, an extra mortgage payment. Others might take advantage of the low stock prices these days. But is that enough?

Long term capital gains taxes range from 0% to 20% depending on the amount of your investment. Instead of passing out checks, and putting us yet another trillion more in debt, wouldn't it make more sense for a 120 day 2% capital gains tax???

More complicated in figuring income tax by your tax preparer, or yourself? Perhaps However my belief is that investors are looking for the slightest sign of getting back into the market to take advantage of buy low-sell high. A huge reduction in taxes for 120 days (long enough for this virus hysteria to decrease) might give an extra incentive to invest money back into the market right now.

It's more than just the stock market, because if you sell your home at a profit, you get taxed on the capital gains. Such a move might help in new housing along with the market. The best part? No government Wall Street bailout as well.

The perfect corporate tax rate is 0.00%.

Corporate taxes are a tarrif on American manufacturing and other companies.

Corporate taxes increase the trade deficit and run American companies overseas.

Or more often, they get passed on to us consumers, and we end up paying those corporate taxes.

Sure and prices dropped after the big corporate tax cut. Funny.

 

[HappyJoy]

Neat. Arizona is a cheap state to live in. 1,300 bucks a month isn't going to support you for long unless you live with your parents.

I guess that depends on the individual. I can live on that. Most people who don't have a mortgage could live on that. People who have a working spouse can live on that. People who have the capability to work under the table while collecting unemployment can live on that.

Great, you find that very small and specific segment of the population in order to suit your argument for tax cuts on capital gains, it means you kind of lost.

Small segment? You think that people who have a working mate, or people who have a paid off mortgage, or both, are a small segment of our population?

Compared to those who have a mortgage, scraping by living paycheck to paycheck? Yes.

I disagree. Most of the people I know are married or living with somebody like a girlfriend or boyfriend. Most are two income households. The people who "scrape by" are younger and not established yet. I know I struggled for the first ten years or so after moving out on my own.

You're right most Amerindians are wealthy.

Don't trip over this ---> 78% Of Workers Live Paycheck To Paycheck

 

[XponentialChaos]

The $1,000 idea is intended to help the people living paycheck-to-paycheck. And there are plenty of them. Plenty of people are out of work right now and still need to pay their mortgage and utility bills. Restaurant workers, casino workers, tourism industries, taxi/Uber drivers, etc.

Clearly any bailout money needs to go to the job creators.

Kinda hard to create jobs at the moment.

 

[Ray From Cleveland]

I guess that depends on the individual. I can live on that. Most people who don't have a mortgage could live on that. People who have a working spouse can live on that. People who have the capability to work under the table while collecting unemployment can live on that.

Great, you find that very small and specific segment of the population in order to suit your argument for tax cuts on capital gains, it means you kind of lost.

Small segment? You think that people who have a working mate, or people who have a paid off mortgage, or both, are a small segment of our population?

Compared to those who have a mortgage, scraping by living paycheck to paycheck? Yes.

I disagree. Most of the people I know are married or living with somebody like a girlfriend or boyfriend. Most are two income households. The people who "scrape by" are younger and not established yet. I know I struggled for the first ten years or so after moving out on my own.

You're right most Amerindians are wealthy.

Don't trip over this ---> 78% Of Workers Live Paycheck To Paycheck

And how many of those Americans have the latest smart phone, with unlimited everything plans for them and their family? How many of them have cable or satellite television with 500 stations plus all the special features they pay for? How many of them take very nice vacations every year? How old or new are their vehicles? How many times a month do they eat out?

What we would have considered luxuries years ago, people today call necessities, even though they're really not. I never had any of these things growing up, and even through the earlier years of my life. So I know it can be done.

 

[Jackson]

California Democrat Maxine Waters Charged on 3 Counts of Corruption

Editors Note: This story is a repost of an older story for the Records. This kind of corruption has been ongoing for a very long time -centuries-. Legal Innocence/Guilt is only and merely a LEGAL FICTION; a non-sense fictional story that Attorneys tell themselves to sleep at night.

via ItMakesSenseBlog – The Meister –
The House Ethics Committee has finally charged Maxine Waters (D-CA) with corruption.

In 2008, Maxine arranged a meeting between the Treasury Department and representatives of OneUnited bank – where her husband was a notable shareholder.

As a member of the House Financial Committee, she was able to directly contact then-Treasury Secretary Henry Paulson to speak with him about meeting with minority-owned banks. Through her efforts, OneUnited bank was able to obtain $12 million in federal bailout funding to help cover expected losses from the collapse of Fannie Mae and Freddie Mac.

Author’s Note: Maxine has a long history of suspicious behavior. She is a crazy person who has been elected to the House 10 times. The media likes to cover her antics but has mostly avoided covering her corruption charges. This could actually be a move by Democrats to get rid of her.

As a member of the House Financial Committee, she was able to directly contact then-Treasury Secretary Henry Paulson to speak with him about meeting with minority-owned banks. Through her efforts, OneUnited bank was able to obtain $12 million in federal bailout funding to help cover expected losses from the collapse of Fannie Mae and Freddie Mac.

Jackson, she was cleared of those charges. I believe that was done in 2012. I realize that with you conservatives democrats stay guilt forever even when they are cleared of charges, but in real life when a person is cleared of charges, it means what they were charged for they did not do.

I gave you links. Can you do the same?

 

[HappyJoy]

Great, you find that very small and specific segment of the population in order to suit your argument for tax cuts on capital gains, it means you kind of lost.

Small segment? You think that people who have a working mate, or people who have a paid off mortgage, or both, are a small segment of our population?

Compared to those who have a mortgage, scraping by living paycheck to paycheck? Yes.

I disagree. Most of the people I know are married or living with somebody like a girlfriend or boyfriend. Most are two income households. The people who "scrape by" are younger and not established yet. I know I struggled for the first ten years or so after moving out on my own.

You're right most Amerindians are wealthy.

Don't trip over this ---> 78% Of Workers Live Paycheck To Paycheck

And how many of those Americans have the latest smart phone, with unlimited everything plans for them and their family? How many of them have cable or satellite television with 500 stations plus all the special features they pay for? How many of them take very nice vacations every year? How old or new are their vehicles? How many times a month do they eat out?

I don't know, since you made the point I guess that's on you to demonstrate.

What we would have considered luxuries years ago, people today call necessities, even though they're really not. I never had any of these things growing up, and even through the earlier years of my life. So I know it can be done.

Sure, there was a time when shoe laces were unheard of, what's your point?