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I think you must have misunderstood my comment because you say you see it from another angle, then you explain my position. It is vitally necessary to society t
by droithomme 7y ago
I think you must have misunderstood my comment because you say you see it from another angle, then you explain my position. It is vitally necessary to society that people be quarantined and be able to cope with the quarantine, and this requires they not be put in a position of damned if they do damned if they don't. They need a living income for their area for the time they are in isolation, which allows them to pay basic bills and not lose their house and everything they have worked for, plus obviously someone needs to be delivering meals, and basic needs to prevent insanity whether books or DVDs or paper notebooks to write in or whatnot.
Disability insurance might pay $50 a week for many, more for some. It's not enough. So the isolated break quarantine and roam, or go insane. Both are understandable given the horrific mismanagement of the crisis.
Based on my analysis of widespread stock market anomalies, the secretive quasi-executive branch's Plummet Protection Team has been spending dozens or even hundreds of billions of federal reserve creation bucks per day for almost two weeks now attempted to counter market slides. This is going to cause massive inflation, possibly hyperinflation if not stopped, and will not stop anything regarding the virus spread because it's not addressing market fundamentals. The same amounts spent on assisting with quarantined people, plus manufacturing masks and Chloroquine for mass distribution would have a chance of stopping this. There is absolutely no interest whatsoever in that approach, I presume because it is not profitable to certain parties or otherwise coalesce with their trajectories.
- refurb 7y agoAccording to the CA SDI website, you get 60% of your pay (up to a cap) and if low income, 70%. Since it’s not taxed, that’s 90-100% of your salary. Should help most people stay afloat.
- droithomme 7y ago$6000 a month mortgage. $1000 a month property taxes. $2000 a month health insurance premiums. $1000 a month car payments. $1000 a month food bill. That's not uncommon in the bay area for a developer with two or three kids. $132k without even getting started. Suddenly his $150k developer income is cut to 60% of what it was before, $90k. Except wait it's not there's a "cap" so he's pulling in a massive $62k. With $132 in basic expenses. This is no problem and terribly generous as you see it.
- _eht 7y agoWith that kind of debt to income ratio I feel like CoV-19 would be only expediting an inevitable problem...
- HenryBemis 7y agoThis person/family is technically living paycheck to paycheck. This budget doesn't include gas, vacations, schools, entertainment, and plenty more. This is recipe for disaster. I do understand that CA is expensive, but "living paycheck to paycheck" is an accident waiting to happen. This time it is CV. Next time it could be something else. Unless a family has enough on the side to live off no (new) income for 6 months, then sweat and stress sets in. I hope everyone, everywhere will ride this CV out as unscathed as possible. But with budget like that, it's very "challenging".
- refurb 7y agoHow is someone making $150k (~$100K) after taxes, have $132K in basic expenses? And is he paying $24,000 per year in premiums? This example is someone obviously living beyond their means, so of course they're going to get into trouble.