(12-23-2020, 10:23 AM)Farm93 Wrote: Bigger incentives are needed, but they really should be directed towards those that need them.
There are going to be lots of people earning less than the ceilings that are earning very close to what they have always earned. There are going to be people with fully paid homes and no real debt in their lives. There are going to be young adults living at home, but not earning a lot of money in the early phase of their careers.
After the $75k income threshold, the checks decline in value by $5 for every $100 in 2019 earnings, so someone who made $100,000 would get a check for $1,250 if the amount were raised to $2,000.
I'd love to know who these young adults are who live at home by choice and wouldn't find $2,000 useful as a security deposit to move into their own apartment (or service their five or six figure student loan debt).
I'd love to know who these people are with fully paid homes and no debt who make $75k. Presumably they don't live anywhere near the Bay Area, LA, NYC metro, DC metro, Portland, or Seattle.
Given the grotesque slush fund that was the PPP and Cares Act corporate giveaways, I'd like to see ten angry posts about that before anyone rants about a few hundred dollars unnecessarily making their way into the hands of middle class Americans.
