I wonder if it was ever considered to pay companies / individuals according to their relative tax rate. So an employee would get 30-40% of the baseline, while international companies using offshore trickery get almost nothing.<p>Otherwise, like the article says, a large part of US stimulus packages will ultimately end up with foreigners or in Panama or other offshore tax havens. And that wouldn't help the US economy much.
I never could see a use for cryptocurrency outside of black/greymarket transactions.<p>Now I can see one: a currency that a central bank can't create more of to bail out someone else's incompetence and greed.
This pandemic will amplify the wealth inequality drastically. The poor will lose their jobs and houses, while the mega rich will find a way to tap into those trillion dollar stimulus funds.<p>I don’t understand why Congress wouldn’t pass a simpler, $1000 to every person with SSN and address in file + $500/dependent.<p>It would have been faster to process and get that money out. It would save people from losing their homes and put food on the table. IRS still hasn’t started sending those checks out and so many people will still miss out. IRS is the most effective institution that could aid millions of people in a short time.<p>I just don’t get why America is so afraid of being a bit socialist ? Wouldn’t this save the people & economy in the long term?
Article is terrible.<p>First, these are short-term loans, with forgiveness being discussed for small businesses (not for Wall Street).<p>Second, there <i>is</i> money going out to individuals, so the "you don't" part of the title is BS. <a href="https://www.cnn.com/2020/04/01/politics/stimulus-money-distribution-individuals/index.html" rel="nofollow">https://www.cnn.com/2020/04/01/politics/stimulus-money-distr...</a><p>Like does this guy even read the news? What is going on?