Thread has been deleted
Last comment
$1,400 stimulus checks
$300-a-week jobless benefits
Child allowance up to $3,600
$350 billion state/local aid
$34 billion for ACA subsidies
$14 billion vaccine distribution
100% COBRA subsidies
cobra very dangerous snake
7 replies
+1
And it's 100%
very dangerous car too...
"how do you turn this on"
1 reply
Covid1.9T
1 reply
Pog
brrr.money
Fake news
How much for Israel
8 replies
Came here to ask this
Loooooooooooool
Sounds good but isn’t US dept already 1000% the GDP lol
15 replies
11 replies
No?
10 replies
9 replies
yea thats normal
8 replies
2 replies
1 reply
lul same
4 replies
USA has 105% and this is prob going to increase the already high percentage
So he isn't allowed to talk about other countries debts because his own country has debt?
2 replies
Dont worry, Powell is working real hard trying to print enough for the reserve :p
1 reply
in dept to aliens
Who do you think are paying for this bill lol
Enjoy 100x tax hike for 1400 freedom coin xaxaxaxa
3 replies
Lololololol he thinks we’re actually going to pay off our debt instead of not caring
Powell
25 replies
stfu if u earn 79,999 you can take care of yourself during this pandemic
24 replies
if the lockdown continues on and off for years, that salary wont last. also, its not very nice to spend all ur savings accumulated throughout a whole lifetime just to survive.
1 reply
Already have.
If you earn 70k+ and have no savings then you got scammed into dumping money into gme or bitcoin while others were selling.
This is the US not Norway
I thought you guys were smarter than that
20 replies
What housing would be considered "decently"
19 replies
Everyone has different definition but I would consider Property/ies + Car/s + Bank balance (in case of emergency like this one).
And if you are in Cal, you pay around 33% income tax on $80000 (I'm not sure, I searched on Google). (33% is pretty high tbf. If you earn above $2,00,000 in Singapore you still pay 24%)
So maybe government should have helped people who earn upto $100000 per year.
18 replies
4 replies
That’s just not true
3 replies
2 replies
1 reply
nerdwallet.com/article/taxes/california-..
Idk.
Also for many people living in Cali the weather and beaches make up for smaller housing.
12 replies
10 replies
Stay plz. We can't have sjws wanting to leave the U.S so then Donald Trump will be pres again.
9 replies
8 replies
California 55 Electoral Votes
7 replies
6 replies
5 replies
5 replies
3 replies
Inflation is not a likely consequence. Because saving increases drastically during times of economic hardship, having new money be circulated is actually one of the best ways to ensure you don’t face deflation (which the US was at risk of last year). Americas marginal propensity to consume is only at a measly 5%. So when people are getting 1000$ extra only 50$ is going into circulation. So in reality you aren’t adding 1.5k * 200mil or whatever it is. You’re adding 75$ * 200mil. So it goes from being trillions added into the economy to being tens of billions. Not really that impactful in an economy worth 20T tbh
2 replies
That is one way to see it, but it's not the complete spectrum.
Ideally you'd want the people to use their savings though, wouldn't you? Instead of just forcing money into the system, where 95% (to go by your numbers, which were actually surprising) would end up in their savings.
I don't believe that printing money is the only way, or a very good one taking others into consideration.
If you look at bond yields, the interest rate was going down - which also causes the interestrate offered by banks to drop. In many parts of Europe it dropped <0%, meaning that'd you'd end up paying interest rates to have money in the bank account.
That way you'd force more people to possibly go out and spend, ideally at least. Would the propensity to consume remain the same, or would it go up? Making it a less rewarding environment to have money in your bankaccount, my guess would be the latter.
The only problem with that is, it also forces people into placing their savings in stocks - usually retail investors like that would buy ETFs or other instruments like that, and you'd force the stockprice up. But you can't have it all.
One thing is certain, inflation will happen from printing more money - because if the circulating supply is increased, and the demand remains the same (which it will, considering the propensity to consume), then you'll push the prices higher eventually.
But then again, we've never seen markets like these before, anything can happen. We can only go by previous experience when it comes to economics, no one can really tell the future. Your guess is as good as mine, but I know that I would've never done the amount of money printing to support QE and helicopter money. That just can't be healthy.
People complain about this when the money is given to the people but not when it's used to bail out dead companies to keep the stockmarket alive lmao.
How to get american citizenship?
3 replies
cross the border and speak spanish
2 replies
hola amigo
Hello its me, mr american
Money machine goes brrrr
2 replies
It's called a printing machine
1 reply
5 replies
Umm. Yk the money is either gonna be debt or tax payer money accumulated over time.
4 replies
3 replies
This is like the same thing as saving money. It's not free but it's better financially.
2 replies
1 reply
Well I guess you walking 4 hours to work. Or the USSR got to the moon first. Maybe Hi- ok I'm gonna stop there...
haha money printer go brrrrrrrrr
6 replies
Exactly my thoughts. They should print more money.
good luck with ur crypto in a post apocalyptic world without internet ^^
2 replies
1 reply
exactly, good luck.
Imagine being a crypto fanatic and not understanding how inflation happens so you buy into what’s been marketed as a hedge against inflation when inflation isn’t even an issue that anyone’s concerned about right now. Good luck financially supporting yourself when the crypto correction happens and btc goes back down to 5-10k
1 reply
1 reply
one step closer to the conspiracies everyone has been warned off the last 20-30 years :D
Prepare for massive inflation. USA is printing money like crazy and sooner or later it will catch up with them.
1 reply
name doesn't check out.
muricans sniffing lines, banging nines now.
Money given to the people so that they can survive is bad but bailing about dead companies is totally good.
14 replies
8 replies
Nice argument, you really changed my mind!
7 replies
6 replies
I know, retard
5 replies
4 replies
Why did you even reply to me in the first place?
3 replies
2 replies
If you dont want to have a normal conversation I am just going to stop replying. It's pretty normal for HLTV, just type "Name checks out" or "0/8" and feel smart about yourself,
1 reply
I mean, I’ve never understood how billions go to ‘space exploration’, but not taking care of the planet we are already on.
4 replies
The NASA is very under funded since the cold war.
because space exploration and becoming a multi-planetary species is probably the best thing that could happen to mankind
2 replies
not if mankind starves to death in the first place
1 reply
will never happen
Es3tag_1.9Mil_COVID_1.9T
(ik its 2.1mil for pricetag but its funnier like this)
$1,400 stimulus checks
$300-a-week jobless benefits
Child allowance up to $3,600
$350 billion state/local aid
$34 billion for ACA subsidies
$14 billion vaccine distribution
100% COBRA subsidies
Military budget? PRICELESS
welcome to the 1st world america
i too am getting paid by the state racking up debt, very nice)
I read even Denmark gets money from it/you
Jesus so many people in this thread have 0 understanding of macroeconomics. Would it really kill people to not spread faulty information when they don’t understand what their talking about and clearly haven’t made an effort to understand?
2 replies
Welcome to hltv, the website with the most 16 year old economic and politic experts in the world.
1 reply
+1
>wear a mask
or
>spend trillions of dollars fixing the consequences of not doing so
and americans choose the latter
nice country xDDDDDDDDDDDDDD
3 replies
yes *censored*. wear the mask. eat the bugs. drink the soy. live in the pod. insert the butt plug.
1 reply
good argument!!! enjoy your shitty (and declining) standard of living!
1 reply
haha
they could literally do that even before covid but war is more important than the ppl :D
Imagine people being dumb enough to think taxes being used this way will apparently destroy the U.S. economy. How else do you want your tax money to be used if not on improving the country in a meaningful away and help its people?
There's totally not an issue with U.S. already wasting a $1 trillion+ on military each year like bombing 3rd world countries. Totally not wasting money bailing out businesses and literally giving billions of dollars of tax exemptions to rich people.
If U.S. goes absolutely fucked here, it's because of their own stupidity. They could've easily provided free healthcare and university education if they taxed properly and didnt waste money.
