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re: Could have just eliminated all Federal Income Taxes for the year instead of the “stimulus”

Posted on 3/29/20 at 11:55 pm to
Posted by Powerman
Member since Jan 2004
162264 posts
Posted on 3/29/20 at 11:55 pm to
quote:

So let me ask what the point of the checks to Americans is for? That will take 3 weeks or more to get out? Stimulate? To get people to spend.


I think the stimulus is ill conceived for whatever it's worth

I just think it's very naive to think that businesses like restaurants would keep people employed if you got rid of income taxes

If they're restricted to take out only for the time being they're not going to keep people on the payroll no matter what you do about income taxes. They'll keep the minimum skeleton crew they need to operate as a take out business.

And many are already closing their doors because this model isn't sustainable for very long.
Posted by BlueDogTiger
Member since Jan 2014
1316 posts
Posted on 3/29/20 at 11:57 pm to
But the Americans that also get more in their paycheck...some a lot more...they will order food. And would have the last 2 weeks
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