Do you need a new gun? You may have some extra cash soon.

[Brian Colt]

Print more money and hand it out indiscriminately. What could possibly go wrong?

Also- majority will need to go out and physically deposit these, no? And where are they going to spend it?

deposit online with Bank app. Spend online/pay bills.

 

[Saltwater60]

My wife does home visiting (families on Gov't assistance) and her comment was that instead of food and necessities, some of her families would got get a new tattoo and others would spring for a new TV. Forget rent and food. Most don't do the right thing when they get a tax refund.

Doesn’t matter to me what they spend it on. I’m still working and so is my wife so I’ll take whatever they are going to give me.
what others spend it on I could careless as long as they are still on the hook for it later.

 

[meketrefe]

I was planning on Crack and hookers.

yes but much harder to reload.

 

[CaseHardened]

Anyone know if this would be per person or household? I’m leaning towards households.

F Households.

I want $1000 for every person and MY CAT.

 

[BDinPutnam]

Doesn’t matter to me what they spend it on. I’m still working and so is my wife so I’ll take whatever they are going to give me.
what others spend it on I could careless as long as they are still on the hook for it later.

On the hook for what?

 

[GOPerfect]

I am 100% against this. I do not want "free" money. I do not need it. I work hard and long hours for what I have.

I save for the future; I save for times just like this.

No offense to anyone, I do not want more of my money to go to those that think of only today. I am sick and tired of my taxes going up and up and up because so many refuse to look down the road.

I do not care about the horrible financial woes of others. Very tired of it!

 

[CaseHardened]

In Massachusetts:

"Somerville has taken the most drastic measures, shutting down all gyms, theaters, houses of worship and other public buildings."

Think about that.

 

[spat]

I am 100% against this. I do not want "free" money. I do not need it. I work hard and long hours for what I have.

I save for the future; I save for times just like this.

No offense to anyone, I do not want more of my money to go to those that think of only today. I am sick and tired of my taxes going up and up and up because so many refuse to look down the road.

I do not care about the horrible financial woes of others. Very tired of it!

The other side of that is that there are people who work hard and have decent jobs, but have been told they are not allowed to go to work by the government.

I'm assuming that if you were told you had to stay home for a month and were not allowed to go to work you'd expect to get paid or at least collect the unemployment insurance you've been paying for all your life.

 

[Hillbilly77]

I was planning on Crack and hookers.

Q: Who makes more money in one weekend, a drug dealer or a hooker?
A: The hooker. She can wash her crack and sell it again.

 

[livingston]

I deal with the post office and 50 % of the work force took a sick day Monday.... (no child care )... Most of that money will be spent on child care if they could find any.... Send them to grand ma would be the last thing one would do ... Most small children can carry virus and not be symptomatic . Hard call if ...sent to a child care might as well be in school. . . Ideally find a person that was just laid off because of the flu closing and hire them to come to your home .and keep them working and you employed ... If you could trust them...

 

[GOPerfect]

The other side of that is that there are people who work hard and have decent jobs, but have been told they are not allowed to go to work by the government.

I'm assuming that if you were told you had to stay home for a month and were not allowed to go to work you'd expect to get paid or at least collect the unemployment insurance you've been paying for all your life.

Not sure what I would expect.

What I do know, I can be out of work just over a year and never a worry to pay my bills or live the life I live now.

I save, each month approximately two grand just in case something bad comes out way.

I never spend my tax return, I have nearly no debt. I do not spend what I earn like today is my last day.

 

[Blimey]

Not sure what I would expect.

What I do know, I can be out of work just over a year and never a worry to pay my bills or live the life I live now.

I save, each month approximately two grand just in case something bad comes out way.

I never spend my tax return, I have nearly no debt. I do not spend what I earn like today is my last day.

Most people aren't so well prepared!

 

[libertysnake]

Not sure what I would expect.

What I do know, I can be out of work just over a year and never a worry to pay my bills or live the life I live now.

I save, each month approximately two grand just in case something bad comes out way.

I never spend my tax return, I have nearly no debt. I do not spend what I earn like today is my last day.

I'm not quite as prepared as you, but I'm also in a better work situation than you. I'm prepared if I'm sick for a month. I have about 5-10k coming in from the IRS this year in a return.

But, on top of all this, I have a 40 hour a week job, and a 10 hour a week backup job. In the event one lets me go, I can live off the other while finding a replacement. Both in industries that will be largely unaffected, or minimally affected. Failing that, I'm ALWAYS on the lookout for opportunities and keep my contacts.

And all of the work I do has been remote work, for the past two years. I'm extremely glad I made the move long ago.

 

[GOPerfect]

Most people aren't so well prepared!

Not my problem. I am concerned about me, my family and my small circle of friends.

If people chose not to prepare for the future, they have failed!

 

[Blimey]

We're light on cash but we could survive indefinitely on one job if one of us lost ours. That's the only reason I've allowed us to be indefinitely light on cash, because I always felt (and still do) we have enough buffer there through income.

 

[GOPerfect]

We're light on cash but we could survive indefinitely on one job if one of us lost ours. That's the only reason I've allowed us to be indefinitely light on cash, because I always felt (and still do) we have enough buffer there through income.

It is not always about the cash on hand, it is about many factors.

Low amount of debt. Daily needs stocked a bit; soap, toothpaste... The little things.

Prepare by having close friends that can be counted on. Having a place to go if life becomes horrible.

Being prepared is about all, or most things coming together in order to survive though most conditions.

 

[Blimey]

It is not always about the cash on hand, it is about many factors.

Low amount of debt. Daily needs stocked a bit; soap, toothpaste... The little things.

Prepare by having close friends that can be counted on. Having a place to go if life becomes horrible.

Being prepared is about all, or most things coming together in order to survive though most conditions.

"Only when the tide goes out do you discover who's been swimming naked ".

Recessions are when those who were on bleeding edge of their finances are at greatest risk. I made a post a few months ago about my neighbor who provides most of his family's income, loves himself some debt. He works in sales. if a guy like that loses his job his family is proper fucked, and fast. You think people are buying agricultural equipment in this environment (his industry)? Certainly not at the rate they otherwise would have been.

 

[GOPerfect]

"Only when the tide goes out do you discover who's been swimming naked ".

Recessions are when those who were on bleeding edge of their finances are at greatest risk. I made a post a few months ago about my neighbor who provides most of his family's income, loves himself some debt. He works in sales. if a guy like that loses his job his family is proper fucked, and fast. You think people are buying agricultural equipment in this environment (his industry)? Certainly not at the rate they otherwise would have been.

I remember that conversation.

 

[BDinPutnam]

There are though, people who legitimately cant work due to age, disability, and so forth. A lot of those folks functionally cant sit on a pile of cash.

What do you want to do with those folks?

 

[libertysnake]

Low amount of debt. Daily needs stocked a bit; soap, toothpaste... The little things.

All I have are a little left on my student loans, and my home. I have no credit card debt -- I never like to be in a state of debt like that, because you never know when you'll need to use it for emergencies. Credit score in the excellent range.

 

[spat]

Not sure what I would expect.

What I do know, I can be out of work just over a year and never a worry to pay my bills or live the life I live now.

I save, each month approximately two grand just in case something bad comes out way.

I never spend my tax return, I have nearly no debt. I do not spend what I earn like today is my last day.

You are certainly far better prepared to weather a storm like this than most are.

But, I don't think you want to live through the 2nd great depression no matter how well prepared you are.

There are a lot of luxuries we take for granted that depend on people who aren't well prepared to provide.

While I am probably not as well prepared as you, I am far from the "1 paycheck away from bankruptcy" crowd.

The wife and I like to go out to eat for instance. Obviously we can't do that now, but would like to be able to start doing that again as soon as possible.

The virus will have run it's course in at most a few months, but if none of the restaurants we like to eat at can survive the shutdown, where does that leave us ?

Being prepared for a disaster is prudent, but we all had very comfortable lives a week ago, I'd like to keep it that way. Just because this will have less affect on you than most doesn't mean you won't suffer.

 

[Blimey]

You are certainly far better prepared to weather a storm like this than most are.

But, I don't think you want to live through the 2nd great depression no matter how well prepared you are.

There are a lot of luxuries we take for granted that depend on people who aren't well prepared to provide.

While I am probably not as well prepared as you, I am far from the "1 paycheck away from bankruptcy" crowd.

The wife and I like to go out to eat for instance. Obviously we can't do that now, but would like to be able to start doing that again as soon as possible.

The virus will have run it's course in at most a few months, but if none of the restaurants we like to eat at can survive the shutdown, where does that leave us ?

Being prepared for a disaster is prudent, but we all had very comfortable lives a week ago, I'd like to keep it that way. Just because this will have less affect on you than most doesn't mean you won't suffer.

Hedge fund manager who manages $8B. Says we need to shut the world for 30 days. If we don't, and let this drag on many months, it will cause a depression. 'Hell is coming' — Bill Ackman has dire warning for Trump, CEOs if drastic measures aren't taken now

 

[libertysnake]

Hedge fund manager who manages $8B. Says we need to shut the world for 30 days. If we don't, and let this drag on many months, it will cause a depression. 'Hell is coming' — Bill Ackman has dire warning for Trump, CEOs if drastic measures aren't taken now

We need a timeline, and we need a plan. There has to be a way to safely work, and a plan around that. If we don't figure that part out, people will have no money and get desperate. That's NOT what we want in the middle of this.

 

[Blimey]

We need a timeline, and we need a plan. There has to be a way to safely work, and a plan around that. If we don't figure that part out, people will have no money and get desperate. That's NOT what we want in the middle of this.

The current trajectory has us facing an immediate recession, so people will lose money. If after 2-3 weeks of this we finally decide to do a 30 day lock down, we will see a lot more desperation than if we did it immediately.

 

[libertysnake]

The current trajectory has us facing an immediate recession, so people will lose money. If after 2-3 weeks of this we finally decide to do a 30 day lock down, we will see a lot more desperation than if we did it immediately.

Agreed.

With the need for respirators ramping up, surely we could put some of these out of work people into production roles due to the Defense Production Act, right? That seems like a huge work force that just freed up that could use the income.

 

[Blimey]

I wouldn't be in a hurry to use this free cash to buy guns unless your personal finances are in very good shape. This could end up pretty ugly, and the good thing about guns is the prices are not going to be higher six months from now, so there's time to buy that new toy at Thanksgiving if it looks safe.

Agreed.

With the need for respirators ramping up, surely we could put some of these out of work people into production roles due to the Defense Production Act, right? That seems like a huge work force that just freed up that could use the income.

I think the issue is all of this stuff requires machines. I don't think manufacturers are short labor right now, but rather all the tooling and materials to produce product.

 

[IrishMick]

I was just thinking that a lot of the private sector is out of work due to forced closures. This 1k is all well and good but stuff is way more expensive hell my health insurance is 800+ a month. My entire industry has been shut down globally. I expect they won't start allowing large gatherings (10K+) until at least July. I am well prepared to weather this. My thought is this, While I am earning no income (I expect a 75K+ earning deficit) that means I am paying NO taxes and when I get back to work will pay taxes on a significantly smaller income this year. I know that many of you are employed in the public sector (LEO, FF, etc.) and that through unions that your benefits will be secured. I don't begrudge you that. My thought was how will this all be paid for with many people making so much less income this year. This is going to create a massive deficit on the town, county, and state level. How? By raising taxes? On people who have already taken a huge hit to their income? Also just an observation....Has even one politician offered up to work for no pay during this crisis? Many of them are incredibly wealthy and could survive for years on what they have.

 

[Blimey]

I was just thinking that a lot of the private sector is out of work due to forced closures. This 1k is all well and good but stuff is way more expensive hell my health insurance is 800+ a month. My entire industry has been shut down globally. I expect they won't start allowing large gatherings (10K+) until at least July. I am well prepared to weather this. My thought is this, While I am earning no income (I expect a 75K+ earning deficit) that means I am paying NO taxes and when I get back to work will pay taxes on a significantly smaller income this year. I know that many of you are employed in the public sector (LEO, FF, etc.) and that through unions that your benefits will be secured. I don't begrudge you that. My thought was how will this all be paid for with many people making so much less income this year. This is going to create a massive deficit on the town, county, and state level. How? By raising taxes? On people who have already taken a huge hit to their income? Also just an observation....Has even one politician offered up to work for no pay during this crisis? Many of them are incredibly wealthy and could survive for years on what they have.

Yep. I really don't think unemployment extensions are the way to go about this. That's reactive. We need to be proactive, go straight to employers and say give me a copy of your payroll. with a checkbox next to everybody who you don't need to work for the next 2-4 weeks. We'll add that up and give you the money. Send them home. They are still employed by you, no unemployment, no loss of health insurance, no having to go through unemployment agencies.

There will be some crying but not much. I don't begrudge teachers sitting at home right now watching TV. It's just reality. And let's be honest I'm not working at full capacity right now. I'm obsessed with the news

 

[GOPerfect]

There are though, people who legitimately cant work due to age, disability, and so forth. A lot of those folks functionally cant sit on a pile of cash.

What do you want to do with those folks?

I don't think people would like my answer.

 

[Bustedknees]

So are the people on welfare and public assistance getting checks too ? That's like a bonus check for not working x 2 = fuck the working class again.
Is also say screw any and all corporate bailouts.. last time around they gave themselves fat bonuses after crying help me.