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Forum » Help me understand the purpose of the 600$ stimulus check?
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Thread: Help me understand the purpose of the 600$ stimulus check?

post 1626243333 12-21-2020, 08:06 PM
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Help me understand the purpose of the 600$ stimulus check?

I understand that the first check was to supplement the unemployed. But what is the purpose of printing the money for this?

If the unemployment rate is 6.7% (22million people) why not focus on them with the checks, if they used the arbitrary 600$ number it would only have caused 13.2 billion instead of 168 billion.

Also if you're going to distribute collective tax money for a stimulus why exclude the 9% of people that make over 100K in the us, in the scheme of things its not -that- much more. If you make over 100K you pay more in taxes than someone making 60K anyway so its only right that you deserve to get your money back.
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post 1626243443 12-21-2020, 08:08 PM
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I think it would be better and easier if they just add a $600 deduction to everyones taxes
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post 1626243603 12-21-2020, 08:11 PM
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Originally Posted By Ramoneb87⏩
I think it would be better and easier if they just add a $600 deduction to everyones taxes
That is a very good point!
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post 1626243753 12-21-2020, 08:14 PM
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It was to silence the majority of people. The 600$ isnt a big part of that package. Most of it is for gender studies in Pakistan and funding for Sudan. Im sure theres some Israeli funding and transgender things too. (Didnt get that far yet, its 5000+ pages)
post 1626246193 12-21-2020, 08:51 PM
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1. Its to stimulate the economy. They won't do a tax deduction because then a lot of people won't get it. They want you to go out and spend it on food/TVs/cars/rent etc which will benefit the restaurants/landlords/corporations. They don't want you to stick it in the bank. They want you to spend it.

2. Its to make people happy. People would get pissed if they passed another bill to benefit corporations and give nothing to "the little guy."
post 1626246443 12-21-2020, 08:55 PM
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The purpose is to pass massive pork spending while convincing the ignorant electorate that the gov is trying to help them.
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post 1626246763 12-21-2020, 08:59 PM
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post 1626247443 12-21-2020, 09:12 PM
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post 1626253753 12-21-2020, 10:41 PM
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Originally Posted By OPGenesis⏩
Thanks to Blumpf, that isn't an option anymore.

Everything is being scrutinized.
I’ve seen completely apolitical people mention it’s bullchit. Congress overplayed their hand.
post 1626256723 12-21-2020, 11:28 PM
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To hide all the other bullsh!t inside the 5500 page bill. Simpletons won't care for anything other than a $600 check whilst playing their Call of Duty, meanwhile you are selling your soul to Pakistan, Israel, Sudan, Cambodia, and other foreign parasite fukholes leeching off your taxes.
post 1626256833 12-21-2020, 11:30 PM
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For recipients to spend the money and keep the (consumer driven) economy ticking over.
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post 1626258613 12-22-2020, 12:12 AM
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Originally Posted By Ramoneb87⏩
I think it would be better and easier if they just add a $600 deduction to everyones taxes
A $600 deduction is peanuts. Unless you're thinking of reducing taxes owed by $600. The problem is that would be technically difficult to implement unless you use a tax credit, which is exactly what the check is.

But it also would only help the people who need it the least.
I hate capitalism srs
post 1626269443 12-22-2020, 06:06 AM
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Originally Posted By JoshSP1985⏩
The purpose is to pass massive pork spending while convincing the ignorant electorate that the gov is trying to help them.
This. Also:

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post 1626270523 12-22-2020, 06:30 AM
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All the gov't knows how to do is throw money at problems. Allowing businesses to open back up would be stimulus enough.
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post 1626270563 12-22-2020, 06:31 AM
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The checks are going to be printed no matter if you understand them or not boyo
post 1626271293 12-22-2020, 06:46 AM
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Originally Posted By cavillac⏩
I understand that the first check was to supplement the unemployed.
Incorrect. Unemployment benefits are for the unemployed.
Originally Posted By cavillac⏩
Also if you're going to distribute collective tax money for a stimulus why exclude the 9% of people that make over 100K in the us, in the scheme of things its not -that- much more. If you make over 100K you pay more in taxes than someone making 60K anyway so its only right that you deserve to get your money back.
The first reason is "feelings." It makes people feel better about "excluding the wealthy," and it brings the overall number down slightly. However there is also a practical reason. Poor people are more likely to put the money right back into the economy...hence "economic stimulus." This changes with the higher the earnings of the person. As you get higher and higher into the income brackets, you notice a shift from people who will immediately put the money back into the economy to people who will just bank the money or pay on a debt.
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post 1626271303 12-22-2020, 06:47 AM
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Originally Posted By Weightaholic⏩
For recipients to spend the money and keep the (consumer driven) economy ticking over.
This guy gets it
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post 1626271903 12-22-2020, 06:58 AM
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Trillion dollar stimulus bill

$600 per person for 328,000,000 million people

600x328,000,000
= $196,800,000,000


Wheres the other $800billion going lmao
Fck u james
post 1626272063 12-22-2020, 07:01 AM
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Originally Posted By Gringo12⏩
Wheres the other $800billion going lmao
A lot is going to other countries.

This isn't a stimulus bill it's literally a pork vehicle. How do you think it's 5000+ pages so quickly. EVERY SINGLE pork project our politicians have wanted to spend money on is getting shoved into these things.
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post 1626272103 12-22-2020, 07:02 AM
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Originally Posted By Ramoneb87⏩
I think it would be better and easier if they just add a $600 deduction to everyones taxes
Then you can't get a check in the mail saying from, "Donald J. Trump".
post 1626272873 12-22-2020, 07:14 AM
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If $600 makes a difference in your quality of life, chances are you are fuked with or without COVID.
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post 1626274163 12-22-2020, 07:36 AM
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Originally Posted By JoshSP1985⏩
A lot is going to other countries.

This isn't a stimulus bill it's literally a pork vehicle. How do you think it's 5000+ pages so quickly. EVERY SINGLE pork project our politicians have wanted to spend money on is getting shoved into these things.
Sadly this. The $600 check is nothing more than a distraction. Not even just the money overseas but even domestically the stuff in here doesn't make sense. I think Thom Tillis has his Protecting Lawful Streaming Act about movie piracy making it a felony to stream copyrighted material in there. If that's something that they want to explore and get done then fine. But trying to allow entertainment studios and copyright holders greater access to the FBI doesn't seem like something that should have a place in a stimulus bill.
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post 1626275303 12-22-2020, 07:53 AM
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Originally Posted By HYDRAE⏩
If $600 makes a difference in your quality of life, chances are you are fuked with or without COVID.
Perhaps, but when you are a family of four, that has suffered job losses and illness, 2400 goes a long way in catching up.
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post 1626276433 12-22-2020, 08:08 AM
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post 1626280893 12-22-2020, 09:10 AM
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Originally Posted By JoshSP1985⏩
A lot is going to other countries.

This isn't a stimulus bill it's literally a pork vehicle. How do you think it's 5000+ pages so quickly. EVERY SINGLE pork project our politicians have wanted to spend money on is getting shoved into these things.
Nailed it.
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post 1626284013 12-22-2020, 09:47 AM
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So the people who are financially savvy can dump it in the stock market and the retards of society can blow it on a PS5 thus creating a further gap in wealth only for those idiots to eventually blame the system for their lack of wealth.
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post 1626285133 12-22-2020, 09:59 AM
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Originally Posted By Blasting⏩
So the people who are financially savvy can dump it in the stock market and the retards of society can blow it on a PS5 thus creating a further gap in wealth only for those idiots to eventually blame the system for their lack of wealth.
And blame the “rich “ people for their poorness
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post 1626285473 12-22-2020, 10:03 AM
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Originally Posted By Blasting⏩
So the people who are financially savvy can dump it in the stock market and the retards of society can blow it on a PS5 thus creating a further gap in wealth only for those idiots to eventually blame the system for their lack of wealth.
Wont find ps5 for $600 boyo
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post 1626286623 12-22-2020, 10:17 AM
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Here take this, now shut up.
post 1626328693 12-22-2020, 06:16 PM
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Good points made ITT.

Now that more of the utter BS of the bill is getting exposed I must say out loud, "What in the actual phuck?" A few weeks ago I was pissed because of the student loan repayment talks. As a country we could have made a big dent in that debt which presumably would help spur the economy, But instead they completely pissed printed money down the drain, like how much did they give to other countries? Not to mention who knows if they will keep pushing the student loan crap in the future to boost inflation even more.
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