Corona Virus #6

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   / Corona Virus #6 #1,281  
The printing presses are rolling money out like crazy and everyone wants their piece of the pie. Uhoh...is that socialism?

How many have been worried the deficit was out of Control even in the 1970's.

How will Our Kids- great great Grand Kids Ever Pay this off:confused3:
 
   / Corona Virus #6 #1,283  
USA is now #1 in confirmed cases 85377!. Surpassed China 81340 & Italy 80589. More testing = more cases.

Worldometer
 
   / Corona Virus #6 #1,286  
"Rebates phase out at a 5% rate above adjusted gross incomes of $75,000 (single)/ $122,500 (head of household)/ $150,000 (joint). There is no income floor or phase-in all recipients will receive the same amounts, provided they are under the phaseout threshold" Section 2201 COVID 3 -- UI and Tax Title Summary | Unemployment Benefits | Tax Refund

It seems to be where the full amount starts to decline. So for a joint return the reduction would be 5% of adjusted gross income over $150,000. For example, if AGI is $160,000 then the reduction would be .05 X $10,000 = $500 So subsidy would be $2,400 - $500 = $1,900.

A family with 100k income in SF would be classified as low income by HUD...
 
   / Corona Virus #6 #1,288  
Timeline: The early days of China's coronavirus outbreak and cover-up - Axios

China to temporarily bar entry of foreigners to stop spread of coronavirus - Axios

The USA news media were removed for a reason. Keeping foreigners out near term was done for a reason. Again in time the truth will come out I expect. There are some wealthy movers and shakers in China that know they had a good thing going and the virus has screwed up some business deals. It will be interesting to me to see how free Tesla continues to operate in China.
 
   / Corona Virus #6 #1,289  
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