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Message
re: Stimulus Package
Posted on 3/24/20 at 3:14 pm to VABuckeye
Posted on 3/24/20 at 3:14 pm to VABuckeye
quote:
I am a firm believer in the free market. Small business owners and corporations should always be prepared for worst case situations. They should have an answer and a process for situations like: "if our revenue is down 10% this month compared to last month, we have to do xxx to stay profitable" "if our revenue is down 50% this month compared to last month, we have to do xxx to stay profitable"
So I guess by your logic companies should be laying off more people and doing stock buy backs? Payroll just happens to fall in the liabilities column.
Give everyone a $1,000 dollar check and encourage companies to reduce their liabilities but just not payroll liabilities?
Please for the love of all that is holy take a entry level economics and finance class. I bet you cut the cord and now pay twice as much for all your streaming subscriptions.
This post was edited on 3/24/20 at 3:15 pm
0
Posted on 3/24/20 at 3:27 pm to jimbeam
Exactly. Whoa you have 3 months saved that’s great.
Why 3 months? Did you figure if you were laid off it would take 3 months to find a new job? That’s logical.
Let’s say you have your legs cut off or went blind and deaf.... 3 months work for you there?
Companies that would hoard cash for this type of scenario would be crucified for not investing capital. Small businesses would be drug through the mud for not paying more to employees or providing better benefits. If you don’t work for big business then you don’t work....wait a minute those tax dollars to fund that life of leisure come from somewhere. I’ll give you 3 months to figure that out and get back.
Why 3 months? Did you figure if you were laid off it would take 3 months to find a new job? That’s logical.
Let’s say you have your legs cut off or went blind and deaf.... 3 months work for you there?
Companies that would hoard cash for this type of scenario would be crucified for not investing capital. Small businesses would be drug through the mud for not paying more to employees or providing better benefits. If you don’t work for big business then you don’t work....wait a minute those tax dollars to fund that life of leisure come from somewhere. I’ll give you 3 months to figure that out and get back.
Posted on 3/24/20 at 3:29 pm to nated14
Not to mention that as the owner of an LLC I have to pay taxes on the profits of the company whether I personally receive a dime of that money or not.
Posted on 3/24/20 at 3:29 pm to cwarr14
That makes no sense
Posted on 3/24/20 at 3:43 pm to tduecen
I started a company to make money = you have a job.
I assume the risk = you do not assume the risk.
Govt making it to hard for me to make money = you do not have a job.
Govt tells me I have to pay you when company is not making any money = we both no longer have a job.
I assume the risk = you do not assume the risk.
Govt making it to hard for me to make money = you do not have a job.
Govt tells me I have to pay you when company is not making any money = we both no longer have a job.
Posted on 3/25/20 at 1:05 am to td1
Well its official
2 Trillion Dollars
Ho Le shite
2 Trillion Dollars
Ho Le shite
Posted on 3/25/20 at 3:32 am to tylercsbn9
Is the income limits based on adjusted gross income or is it just straight gross income?
This post was edited on 3/25/20 at 3:33 am
Posted on 3/25/20 at 3:49 am to otowntiger
I think it’s AGI
Posted on 3/25/20 at 3:56 am to TypoKnig
From what I understand any adult with an income under 75K will get 1200+500 per kid. As you increase past the 75K threshold it essentially slowly goes to 0 until you get to 100K.
Posted on 3/25/20 at 4:51 am to cwarr14
quote:
you are missing the point. Lay offs should be a LAST RESORT. Multi million dollar companies are asking for government money/bail out, they get the money, lay off thousands of workers all the while buying back their stock for a very cheap price, and are paying board members and CEO's full salary plus bonuses. Meanwhile Jim Bob in accounts payable cant make his mortgage payment because he just got layed off and his CEO is rolling in the government dough (my tax dollars).
I could be wrong but I believe one of the stipulations of this bill is the money can't be used for stock buy backs
Posted on 3/25/20 at 5:53 am to TypoKnig
quote:. Thanks- I hope so.
I think it’s AGI
Posted on 3/25/20 at 5:56 am to Powerman
quote:
I could be wrong but I believe one of the stipulations of this bill is the money can't be used for stock buy backs
Probably can't. It will free up money that can be used though.
Posted on 3/25/20 at 5:57 am to otowntiger
While I'm glad they are doing something, and something is needed to calm fears, I'm so against just sending checks to people. American's have shown they don't know how to handle money for the most part, so giving them "free" money with no strings isn't going to help them much. Much of it will be wasted on frivolous stuff, and their hands will still be out for bill money.
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