How the Stimulas Works...

[FLH03RIDER]

Just insert your State and Town name. Oh, and click on it so you can read it. :laughing

 

[HappyHighwayman]

I have Italian friends who no longer are American residents who received the check while I, a legal Permanent Resident, received nothing.

 

[Removed 3]

It's because you make too much, dude ... duh

 

[HappyHighwayman]

It's because you make too much, dude ... duh

Non residents aren't eligible either.

In Canada you are eligible for a stimulus of $2000 a month for 4 months even if you're not employed.

 

[wazzuFreddo]

I don't think there is a town called Pumphandle, but I have spent time in Moose Jaw :laughing

 

[bikeama]

Just insert your State and Town name. Oh, and click on it so you can read it. :laughing

More the way accounts payable work. Money owed moves around.

 

[Caddywumpus]

This demonstration of the velocity of money

 

[bpw]

Anyone who thinks that is profound doesn’t understand money.

It’s a marker of value, not value in itself. Everyone in town effectively bartered there services using the $100 bill as a value token to make the transactions simpler.

Value was created (and GDP went up) in that little town, the hundred dollar bill is irrelevant to that.

 

[bpw]

Actually, I’m re-reading, maybe that’s the point they are trying to make?

Stimulus keeps gears moving of an essentially functioning economy by making it easier to move liquidity around due to increased cash availability.

 

[UDRider]

Versus mayor gives tax breaks worth $100 to a corporation that owns most of the hotels in town, they give themselves bonuses and lay off workers.

 

[Abacinator]

Actually, I’m re-reading, maybe that’s the point they are trying to make?

Stimulus keeps gears moving of an essentially functioning economy by making it easier to move liquidity around due to increased cash availability.

Ostensibly, I imagine.

Realistically, mega corps and the very wealthy are getting major kickbacks, while average folks get a couple grand they'll use to pay down the debt they've been racking up whilst unemployed due to the pandemic, thereby stimulating nothing.

 

[Maddevill]

I don't think there is a town called Pumphandle, but I have spent time in Moose Jaw :laughing

I've spent time in Moose Knuckle.:thumbup

Mad

 

[Climber]

Here is how it's really working, from Fox News of all places....

Coronavirus recovery -- PPP lets small business suffer while big, profitable companies get mega bucks

This isn't the way the business rescue plan was supposed to work. Millions of small businessmen and women can't get to the front of the queue for desperately needed loans, while many healthy larger businesses are feeding at the trough and laughing at taxpayers all the way from the bank.

The small business rescue fund, the Paycheck Protection Plan, set up by Congress has already run out of the $350 billion thrown at it, and because of the flood of applications, some experts are now saying the cost of the program could double or triple to help small firms that need it.
...
The reason the system has broken down and exceeded all costs is the foolhardy idea of converting the loans into "grants" that don't ever have to be repaid to taxpayers. The loan becomes a grant if the firm doesn't lay off its workers. If you rehire laid-off workers before June 30 those employees count as fully employed.

What happened is that thousands of financially healthy businesses are getting loans of $100,000 to $3 or $4 million and they are pocketing the money. They weren't going to lay off workers in the first place.

Worse yet, the Washington Post reports that the feds won’t report which big companies are getting the taxpayer handouts. Maybe Congress doesn’t want these company CEOs to feel embarrassed. They should be.

 

[CDONA]

The town of "Road Narrows" Montana actually has a sign telling you have arrived
:ride

 

[easter bunny]

Everyone in town effectively bartered there services using the $100 bill as a value token to make the transactions simpler.

Effectively they all had an account payable and receivable so net 0 working capital. Then they just wrote them both off.