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Hence they're trying to hand out cash to people (means tested), reduce our delay taxes, etc. Other countries have enacted similar measures.
by hkmurakami 7y ago
Hence they're trying to hand out cash to people (means tested), reduce our delay taxes, etc. Other countries have enacted similar measures.
- thereare5lights 7y agoUnfortunately, most of the bills thus far are means tested which means inevitably, people will fall through the cracks.
- JMTQp8lwXL 7y ago$1000 for a month isn't quite enough to keep the lights on for middle class families living paycheck to paycheck.
- SauciestGNU 7y agoHopefully in addition to monetary grants there will also be suspension of rent, mortgage, utility, and student loan repayments while this is ongoing.
- joe-collins 7y agoSuspension of rents seems like one of the biggest things I see missing across the board. Suspended mortgages are great... for those wealthy enough not to be renting. $1k/adult will cover rent for many couples outside of tech hotspots, but it won't go a lot farther, and that doesn't begin to address singles.
- ed312 7y agoA significant percent, (I want to say most, but I don't have the numbers), of rental properties are covered by mortgages or other financing. "Pausing" mortgages can be done in a fairly centralized manner. Pausing rent is almost impossible because everyone has an individual contract and there isn't a central clearing house. It's a hard problem.
- int_19h 7y agoAll it takes to pause rent, is passing a bill that says so. The reason why landlords can collect rent is because the government will enforce their property right and help them evict tenants who will not.
- JMTQp8lwXL 7y agoRental companies are already sending "we won't evict you" / "please speak to us if you have financial hardship" communications. These help, but the bills will still pile up and the government check won't cover 100% of expenses.
- joe-collins 7y agoPrecisely.
- drdeadringer 7y agoI'll keep looking for when my landlord says anything close to this, if anything at all.
- deleted 7y ago[deleted]
- treis 7y agoEvery expense is income to someone else. If I stop paying my mortgage it means some pension fund doesn't have the income to pay their retirees. There's no real way out of a months long shutdown. Our economic out put will be cut ~10% on an annual basis for every month. Thats real economic production gone forever. And theres no pause button on the economy. Stopping it means businesses fail and the relationships/organization that generates economic value will go away with them.
- pengaru 7y agoPer adult with more per child...
- irrational 7y agoBased on 2018 tax return. But if you are out of work in 2020, well... too bad.
- MrFoof 7y agoMassachusetts about to do the same, in addition to whatever federal measures. One time payment (to basically every households that signs up), then additional monthly payments to those who qualify, for as long they feel it needs to happen. Here's the bill as it was submitted to the State House: https://malegislature.gov/Bills/191/HD4950 https://malegislature.gov/Bills/191/HD4950