Millions face eviction, poverty as unemployment benefits expire

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Bud Gaffney
Rental Property Investor · Boston, MA · Member since 2019 · 2k+ posts · 1k+ votes
5y

@Scott Mac not true. But yea let’s pile up on the poor and disregard the corporate greed and corporate welfare that huge corporations profit off. That is the real problem.

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  • Scott Mac
    Austin, TX · Member since 2019 · 5k+ posts · 5k+ votes
    5y

    They will probably have to apply for Section-8 and Food Stamps.

    Free house, free food, free medical.

    And in Boston I think they give them a free car!

    1Reply
  • Jay HinrichsBusiness Member
    Real Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
    5y
    Originally posted by @Scott Mac:

    They will probably have to apply for Section-8 and Food Stamps.

    Free house, free food, free medical.

    And in Boston I think they give them a free car!

    Govmit will work at out.. or at the very least Biden will enacted it on the 20th of Jan.. it wont go past that.

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    1Reply
  • Sai T.
    OP
    Investor · West Chester , PA · Member since 2011 · 620 posts · 138 votes
    5y
    Lol 😆 
    Originally posted by @Scott Mac:

    They will probably have to apply for Section-8 and Food Stamps.

    Free house, free food, free medical.

    And in Boston I think they give them a free car!

    1Reply
  • Eric Bilderback
    Real Estate Agent · Sisters, OR · Member since 2014 · 1k+ posts · 1k+ votes
    5y

    Congress may have to cut out a chuck of the corporate welfare, foreign aide, and give a little more to taxpayers/citizens.  Assuming they are unwilling to do that I'm sure Biden will come in and sign whatever they want.  The day of reckoning will come when the dollar deteriorates from the printing presses not from politicians unable to pass more spending.  In my humble opinion LOL.

    2Reply
  • Bud Gaffney
    Rental Property Investor · Boston, MA · Member since 2019 · 2k+ posts · 1k+ votes
    5y

    @Scott Mac not true. But yea let’s pile up on the poor and disregard the corporate greed and corporate welfare that huge corporations profit off. That is the real problem.

    4Reply
  • Gary Headrick
    St. Marys, GA · Member since 2016 · 154 posts · 74 votes
    5y

    Regarding corporations, Biden will increase taxes, increase regulation, and pile on the labor laws. Companies will move jobs and production back overseas and maybe their own HQ. HP, Tesla, and Oracle tired of all of the above in Calif. and moved to Texas. Dependent on how crazy it gets, we may well see companies move themselves to Ireland, Belize, etc. Nothing is more mobile than money.

    0Reply
  • Mark Fries
    Contractor · Jacksonville, FL · Member since 2017 · 1k+ posts · 2k+ votes
    5y

    @Sai T.

    Dont worry, the government will gladly takeover your lives and give you free stuff

    3Reply
  • Marcus Auerbach
    Investor · Milwaukee - Mequon, WI · Member since 2010 · 5k+ posts · 7k+ votes
    5y

    The difference is that every dollar given to households will get spent immediatley and actually stimulate the economy, which is 70% consumer spening, while most of the corporate dollars will get burried on balance sheets and wall street stock buybacks and never see the light of day again.

    I start to rethink welfare programs, used to follow the stereotype - once you get over the "It's unfair that I have to work and they get it for free" reaction, it's actually one of the best ways you can increase the velocity of money. Trickle down does not work, we have tried that. But every dollar you give into the hands of those who have a net worth of less than 100k will be go into the economy within days. Hate to say it, but I actually have to agree with Trump - $600 is a joke.

    Here is why I started to rethink - I don't really "have to work" either, but I choose to do so; been in the office since 6am today! But my businesses don't do well if the consumers don't do well. I could not care less about the Dow.

    2Reply
  • Theresa HarrisPro Member
    Member since 2019 · 15k+ posts · 11k+ votes
    5y

    Wait until tax time and they see the impact.  Lost money from income taxes and rental income and how many people got taxable benefits (not sure if the money the govt handed out down there was taxable) and don't have the money to pay taxes.

    0Reply
  • Scott Mac
    Austin, TX · Member since 2019 · 5k+ posts · 5k+ votes
    5y
    Originally posted by @Bud Gaffney:

    @Scott Mac not true. But yea let’s pile up on the poor and disregard the corporate greed and corporate welfare that huge corporations profit off. That is the real problem.

     Not piling on, just stating what the Media has put forth.

    https://www.bostonherald.com/2009/05/16/deval-patrick-defends-welfare-cars/

    0Reply
  • Bud Gaffney
    Rental Property Investor · Boston, MA · Member since 2019 · 2k+ posts · 1k+ votes
    5y

    @Scott Mac An incredibly biased, source. Boston Herald is like Fox News.

    2Reply
  • Sai T.
    OP
    Investor · West Chester , PA · Member since 2011 · 620 posts · 138 votes
    5y
    IDK about Boston Herald but definitely Fox 🦊 News is biased.
     
    Originally posted by @Bud Gaffney:

    @Scott Mac An incredibly biased, source. Boston Herald is like Fox News.

    0Reply
  • Jason MuthPro Member
    Investor · Newburyport, MA · Member since 2015 · 58 posts · 40 votes
    5y
    0Reply
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