Coronavirus and Walt Disney World general discussion

[peter11435]

How are you coming up with $1000 per month? They’re going to be making over $20 per hour on unemployment. Much more than they were making before. Meanwhile, people who were making, let’s use an even $2000 per week and laid off or furloughed due to coronavirus, they’re seeing a drastic decrease. Not saying that pay should be $2000 per week for the unfortunate people who were furloughed or laid off, but it’s so horrible to me that too many people will end up making more.. and then add in their $1200 checks and dependent checks.

The government is throwing money at people where it didn’t need to be thrown, and we’ll all pay for it. Again though, Andrew is correct that it would have taken too long to do it differently, it’s still a bit gross though.

Why is it gross for the poor and lowest income Americans to have slightly more money? What do you have against low income Americans that makes you want them to remain in poverty?

Do you also think it’s gross for billion dollars corporations to receive money?

 

[Lilofan]

I wonder how many people dropped a bundle of cash at WDW in the last few months and now are faced with reduced or unemployment are regretting that trip and wish they had that cash in reserve.

Pawn shops , garage sales, trading in cars and possessions , selling your residence, can bring some cash up front in desperate times.

 

[mousedroid]

so how much money should we have invested? They will write the same thing the day after an asteroid hits earth.

Good point! We should also be spending more on tracking and cataloging NEOs and less on tanks, bombs, and aircraft carriers.

How MUCH should we invest? I have no idea, but we have experts that do. We just need to elect officials that will listen to them.

 

[GoofGoof]

Do the math on 4 months, or even 1 month, or all of the stimulus checks to people who never lost income or shouldn’t qualify due to not enough income.
2 trillion dollars is what was spent, printed. That number could have been drastically cut down. People who are drastically affected will still be drastically affected, while many others will make more than they were making before this happened.
It is what it is though. Unfortunately.

How much of the 2 trillion is from extending unemployment benefits? I thought almost half of the money was for government loans to large businesses ($500B) and small businesses ($380B). That money will be paid back assuming the businesses don’t go under. Some money is going to the state and local governments to cover medical and other emergency costs. A big chunk is for the stimulus checks which will help with economic recovery.

Also, as soon as the employees are no longer furloughed and go back to work they loose the $600 benefit. How many workers are going to walk away from their job so they can get a few weeks or months of extra money? Seems like a very minor issue in the overall plan.

 

[21stamps]

Why is it gross for the poor and lowest income Americans to have slightly more money? What do you have against low income Americans that makes you want them to remain in poverty?

Do you also think it’s gross for billion dollars corporations to receive money?

This is a math equation, not a philosophical equation. The bill was intended to replace some of people’s lost income, not pay people more income. It ended up that way because it needed to be rushed under the circumstances.
It wasn’t built as a redistribution, but that’s what it ended up as.

 

[easyrowrdw]

I just looked it up, you’re correct on the $275.
If WDW employees are furloughed or laid off, many will actually be bringing home more than if they were working.

What a genius bill.

I know. It’s just a bit sickening nonetheless. A percentage of income would have been better than needlessly throwing money away.. but I understand that would have taken too long...repeat sentence 2.

It's sickening? Really? $600/week even for an entire year is $31,200. If someone makes less than that, I'm not going to be upset when a little extra comes their way (for a short time). I'm sure it will be a great help.

 

[Andrew C]

If someone makes less than that, I'm not going to be upset when a little extra comes their way (for a short time). I'm sure it will a great help.

yep. It wasn’t worth delaying the bill over once they figured out what would need to be done to fix the issue. It wasn’t a simple amendment.

 

[21stamps]

Also, as soon as the employees are no longer furloughed and go back to work they loose the $600 benefit. How many workers are going to walk away from their job so they can get a few weeks or months of extra money? Seems like a very minor issue in the overall plan.

This has nothing to do with my posts. I don’t even think you qualify if you just simply quit your job.

 

[GoofGoof]

It's sickening? Really? $600/week even for an entire year is $31,200. If someone makes less than that, I'm not going to be upset when a little extra comes their way (for a short time). I'm sure it will a great help.

It’s capped at 4 months so they are getting $10K from this at most. Some will get much less if they made more than $275 or if they had a second job.

 

[peter11435]

This is a math equation, not a philosophical equation. The bill was intended to replace some of people’s lost income, not pay people more income. It ended up that way because it needed to be rushed under the circumstances.
It wasn’t built as a redistribution, but that’s what it ended up as.

I’m well aware of how and why the bill ended up being the way it is. I just struggle to understand why you find it “gross” for the less fortunate to have some extra aid during their time of greatest need.

 

[GoofGoof]

This has nothing to do with my posts. I don’t even think you qualify if you just simply quit your job.

I thought the big issue was people would be paid more not to work than to work.

In terms of WDW if the parks open May 1 and the employees were furloughed and collecting this “windfall” they would lose it after one month. 4 months is the max and assumes they don’t have a job for 4 months.

 

[easyrowrdw]

This is a math equation, not a philosophical equation. The bill was intended to replace some of people’s lost income, not pay people more income. It ended up that way because it needed to be rushed under the circumstances.
It wasn’t built as a redistribution, but that’s what it ended up as.

I think it's also intended to be a stimulus. Once people get back to work they'll have "more" to spend, which will help get the economy going again. All those poor people with their excess stacks of cash will be able to have a great time!

 

[GoofGoof]

I think it's also intended to be a stimulus. Once people get back to work they'll have "more" to spend, which will help get the economy going again. All those poor people with their excess stacks of cash will be able to have a great time!

That’s what the checks are for. People who haven‘t stopped working still get those. It’s to stimulate the economy and help people at the same time.

 

[bpiper]

Just guessing, but back in (2007?), GM was bailed out by taxpayers whereas the other US automaker, Ford did NOT take the bail out (if I am remembering correctly).

The reason Ford didn't partake is right before the collapse, Ford mortgaged the whole company, even the Ford logo, so they were flush with money and didn't need it.

FWIW:
On December 19, 2014, the U.S. Treasury sold its remaining holdings of Ally Financial, essentially ending the program. TARP recovered funds totalling $441.7 billion from $426.4 billion invested, earning a $15.3 billion profit or an annualized rate of return of 0.6% and perhaps a loss when adjusted for inflation.

 

[DCBaker]

 

[RobWDW1971]

Expert:

White House coronavirus task force coordinator Dr. Deborah Birx cautioned Thursday against models that predict alarming increases in coronavirus infections and deaths in the U.S.

Birx, speaking at a White House press briefing, singled out a recent study on the United Kingdom that originally predicted 500,000 people would die from the virus and has since been revised down to predict 20,000 deaths in the U.K. She said the data the government has collected does not show that 20 percent of the U.S. population would be infected with COVID-19, cautioning against predictions that say so.

“When people start talking about 20 percent of a population getting infected, it is very scary but we don’t have data that matches that based on the experience,” Birx said.

“There’s no … reality on the ground where we can see that 60 to 70 percent of Americans are going to get infected in the next eight to 12 weeks,” Birx later continued.

 

[Polynesia]

I just looked it up, you’re correct on the $275.
If WDW employees are furloughed or laid off, many will actually be bringing home more than if they were working.

What a genius bill.

Most cast members bring home more than the $275. Plus they’ll be without healthcare. Of course, they can get Obamacare which is pricey and has high deductibles. Many cast members are already out working at another job they just got. So sitting it out with no health insurance and not really making any more money isn’t desirable.

 

[celluloid]

Jeff Shell, Comcast NBC UNIVERSAL CEO announces he himself felt ill and tested positive for COVID19 and sends mass communication to Universal employees. The company states they have dedicated 150 Million Dollars to taking care of their employees as of now. You can read it on UOTEAM.com

Meanwhie, not a peep from the Walt Disney Company.

 

[easyrowrdw]

It’s capped at 4 months so they are getting $10K from this at most. Some will get much less if they made more than $275 or if they had a second job.

Thank you. I knew it was short term, but couldn't remember the exact time.

That’s what the checks are for. People who haven‘t stopped working still get those. It’s to stimulate the economy and help people at the same time.

Yup. I haven't followed everything in the bill closely, but what I've read seems reasonable. There's money to help those who lost jobs, to help keep things moving for now and going forward, and to help businesses of different sizes. I hope it works as intended.

 

[21stamps]

I’m well aware of how and why the bill ended up being the way it is. I just struggle to understand why you find it “gross” for the less fortunate to have some extra aid during their time of greatest need.

I think a lot of people in this country are going to be in “their time of greatest need”. Let’s not pretend otherwise. I just pray, every night, that our economy can bounce back as quickly as possible... that soon we’ll find out when it is allowed to start bouncing back.