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Well, they agree.. checks for everyone

Discussion in 'General Chit-Chat' started by Texas_Signmaker, Mar 25, 2020 at 8:13 AM.

  1. Texas_Signmaker

    Texas_Signmaker Very Active Signmaker

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    Seems they reached an agreement.

    $1200 per adult, $500 per child.

    Some won't deserve it but many of us will.
     
    Tags:
    • Agree Agree x 2
    • Disagree Disagree x 1
  2. WYLDGFI

    WYLDGFI Merchant Member

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    IM glad something got worked out. I already sent out an email to my accountant/payroll to see how it affects my employees and such. As an employer, what am I required to do here in NJ as well.
     
    • Like Like x 1
  3. Greenlight signs

    Greenlight signs Member

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    When did this end up happening
     
  4. WYLDGFI

    WYLDGFI Merchant Member

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    Last night congress agreed to the bill it seems. Have to see what happens now when they plan to vote.
     
  5. WildWestDesigns

    WildWestDesigns Major Contributor

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    The irony is, something was already ironed out earlier bipartisan. Some went on "recess" and then said, nope don't like that and then this happened.

    Now, the first bipartisan bill was shot down due to pork that was in there (which I found ironic since one of those people is the same person that said on another bill "Need to pass it to know what's in it"). After this, I have to wonder what is in this new bill, especially since some members of the same party said that "Now is the time to shape things in our image". For a lot of people, this isn't the time to be political, so I have to wonder what happens now when everything comes due.
     
  6. Texas_Signmaker

    Texas_Signmaker Very Active Signmaker

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    They will trow everything and the kitchen sink in this bill. And we thought the debt level in the country was already high... I'm not complaining, people need $$ right now to get by, but the politicians will take advantage of that.
     
  7. WYLDGFI

    WYLDGFI Merchant Member

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    Giving out free money comes with quite a bit of responsibility and I know there are trust issues that go along with it. There will be abuse..on the high end of the spectrum and low end as well. The hold up was not just the checks being sent out to hardworking people who absolutely need them. That is not the issue here....and Im sure we can all agree on that. My personal opinion is that I dont want my tax dollars going to huge companies...coming out hat in hand...yet the CEOs make more in a year than some of us in our careers. There should be stipulations put on doing that...rules to be applied...a benefit for Americans in general for lending them the money. We are investing the their futures...we need a return on that if we lend them the money. I know of fellow business owners taking their own pay cuts because of this. I am. Why shouldn't big CEOs and their boards? Hell....even if we take out SBA or similar loans, we pay 2% or thereabouts.
     
    • Like Like x 1
  8. Texas_Signmaker

    Texas_Signmaker Very Active Signmaker

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    CEOs of a certain talent command a certain salary. If the CEO of an airline makes 20 million a year, he's worth 20 million a year. If you bailout the airline and force the CEO to make 1 million a year, he will jump ship and you will only replace him with a CEO who has the talent to command 1 million. Now, if the airline messed up under his leadership you make a case for that... but the issue is the airlines did nothing wrong. They shouldn't loose a valuable CEO because though no fault of their own had to take a bailout.

    Now, there are companies like Boeing... who DID mess up that are going to take a bailout, but the issue of that is they are 1% of GDP and support many many people... got to pick your evil there.
     
    • Agree Agree x 2
  9. WYLDGFI

    WYLDGFI Merchant Member

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    Dont have to cut salary to 1 mil. That would be extreme for them and I get the concept. Salary based on experience....vs salary based on results. Make them commensurate with performance and recovery of the company....either way. Allowing these companies to spend the money as "they" see fit.....gray area. Is it investing in newer technologies, employees down stream or stock buybacks and pocketing the cash? Allowing the money to flow, that benefits everyone from the top down all the way to us. One of my clients does tons of UAL stickers for tugs and flight line equipment. Thats dried up for us and was great work overall.
     
    • Like Like x 1
  10. Notarealsignguy

    Notarealsignguy Member

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    Public companies should have to sell stock and assets before taking tax payer money. They have this ability where the rest of us dont. Nobody is keeping employees that they dont need and over 500 american airlines pilots have already taken early retirement. Just another $3 trillion to the debt. $1200 isnt going to fo very far. People need mortgage suspensions, car payment suspensions, help with food and help with utilities for the short term. In a month were going to be right back in the same place.
     
    • Agree Agree x 3
  11. WYLDGFI

    WYLDGFI Merchant Member

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    I know in NY State the payment suspensions are already in place. I believe Cuomo already put that into place. NJ is following suit I am sure.
     
  12. James Burke

    James Burke Being a grandpa is more fun than working

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    That's what they'd like you to believe. It's actually a loan...and our grandchildren and great-grandchildren are the guarantors.


    JB
     
    • Agree Agree x 2
    • Like Like x 1
  13. Bobby H

    Bobby H Very Active Member

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    I have very mixed feelings about that $1200 check. Some people are complaining that the government is doling out "free money." I don't for a second believe that it is "free." They're going to keep track of who got what and apply that to each person's future tax liability. Basically this thing isn't much different than getting a new credit card in the mail with a $1200 limit on it.

    Individuals will be paying back that $1200 directly themselves. As for the big companies getting "bailed out" that really depends on the details of the deal. It could be a big free money giveaway that future generations will be paying off for many years. Then again, if the government is taking equity in these companies they may end up trying to pay it all back to not have the government as a stake holder.
     
  14. 2CT Media

    2CT Media Major Contributor

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    I wish I could refuse it and have it removed from my tax burden... This free money is going to cost everyone far more than the payout. $1200 - Taxes isn't even enough of a stop gap for the average American anymore. They should make this access to money a low cost loan with expedited approval vs a handout.

    The next on the agenda is the Student Loan "forgiveness"... My family owes more than $100,000 In Student loans for my wife, I would never want our choice based burden passed on to others just as much as I would never want others choice based burden passed on to us.
     
    • Agree Agree x 1
  15. Notarealsignguy

    Notarealsignguy Member

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    It seems very careless to send everyone $1200. For one, it wont even cover 1 mortgage payment for many. The bigger issue is that most people are careless with money. Thats why you see people scrambling after missing 1 paycheck.
    Are all those people out partying for spring break or ordering takeout every night really going to use this as intended? There are better ways to help people that cost less and go much farther. To me, this was shutup money to get the give away to the big companies.
     
    • Like Like x 1
  16. Texas_Signmaker

    Texas_Signmaker Very Active Signmaker

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    If they forgive I'd be pissed. We paid 30k off in loans last year.
     
    • Agree Agree x 1
  17. 2CT Media

    2CT Media Major Contributor

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    The lack of a sense of responsibility by current gen people is astonishing.
     
    • Agree Agree x 3
  18. Jeremiah

    Jeremiah Member

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    I dont want it. That small amount 1000.00 -1200.00 won't help me. There are better ways to help this situation.
     
  19. Gino

    Gino Premium Subscriber

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    Wow........ some people are just never satisfied. No matter what is decided at any level, it's automatically gonna be wrong. I don't think I've heard a frickin' peep out of any of you EXPERTS about how to handle the virus, the economy, let alone your own lives. You can't run an elevator, but you have ALL the answers to this sh!tty situation. Why don't you give sign making a break, get out and run for office and DO something yourself to help your fellowman ?? You'll be wrong, but at least you can say you tried, instead of all the crying in your cereal.

    https://giphy.com/gifs/curtsy-maid-putingtikbalang-jPXP5RtlXsgfK
     
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  20. Notarealsignguy

    Notarealsignguy Member

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    Its not just the current generation. My generation blows money and racks up huge debt and I see the boomers do the same. Its everyone
     
    • Agree Agree x 2
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