Are High Unemployment benefits hurting the economy?

[Jstpssng]

I can see us going the way of Great Britain after WWII... except this time it will be China holding the paper.

 

[tallyho8]

It looks like the Waltons are greedy when you just look at what they earn, but there are many factors involved.
First, they may make 36 billion dollars a year before taxes but you can imagine how much taxes they pay a year.
Second, they have over 2,300,000 employees. They just gave their employees a large raise but if they give them even $1 an hour more pay, the workers would still complain that they aren't making enough and it would cost the Waltons over $11,500,000,000 a year for that small pay increase and that is not even including what they have to pay in health benefits and unemployment taxes, social security taxes, etc. If they gave them a $2 an hour increase in wages it would make Walmart bankrupt and the workers would still complain they aren't getting enough.

They net less than $2000 a year for each employee they hire. How many of you make more than that annually off each employee you hire? Does this mean you are greedy too? I know lots of business owners that have 10 employees and make way more than $20,000 a year.

 

[Steppenwolfe]

Lots of goodies on the Christmas tree. Know any wealthy real estate investors? Bonanza for Rich Real Estate Investors, Tucked Into Stimulus Package - The New York Times

And you wonder why... Kushner Squeezes Tenants While Lining Up for Bailout Money - The American Prospect

 

[reb]

Can see double inflation or triple.

mark

When I studied Economics 101, back in the dark ages, the professor said deficit spending was ok for governments. I never understood the reasons--I just remembered the words for the tests. Since then I have read that the result of deficit spending is inflation. That correlates with what has happened, as I see it. Assuming the country continues to exist I believe you are right.

 

[riptides]

Deficit spending is ok as long as you get something tangible from it.

When I studied Economics 101, back in the dark ages, the professor said deficit spending was ok for governments. I never understood the reasons--I just remembered the words for the tests. Since then I have read that the result of deficit spending is inflation. That correlates with what has happened, as I see it. Assuming the country continues to exist I believe you are right.

 

[om21braz]

Can see double inflation or triple.

mark

Possibly this?

Zimbabwe’s trillion-dollar note: from worthless paper to hot investment | Money | The Guardian

 

[airbiscuit]

 

[oosik]

After a major hurricane - folks know that it's over and can go back to work with little/no fear for their life. In a pandemic with opinions and the death toll changing daily how do folks know when it's over and safe to go back to work. When will it be safe to go back to work. Whose opinion do you trust on this decision.

How much would YOU have to be paid to go back to work when there is still a rising death toll.

Regardless of what the "experts" say - people are not stupid. They can see the numbers. Why would ANYBODY ask folks to go back to work under the current conditions. Will it be safe two months from now - who knows. But you can be sure the "experts" will have their opinions.

This pandemic could drag on for a very long time. Simply because of the lack of trust in the decisions our "experts" are making.

 

[Jstpssng]

^^^^^

This pandemic could drag on for a very long time. Simply because of the lack of trust in the decisions our "experts" are making.

A large part of that distrust is because politicians are running the show, not health care experts. (AKA Doctors)

 

[oosik]

SPOT ON - Jstpssng - spot on. It will be interesting to see when the "end of the earth" folks chime into the local & national news. I wonder - at what point, of the world wide death toll, will they be triggered.