Airline Bailout

[Snow96]

@tnt

There is never a normal.

So last year, 2018 wasn’t normal? How about 2015? How about 2012?

[westaussie]

That is an appalling idea.

[tnt]

@Snow96

So last year, 2018 wasn’t normal? How about 2015? How about 2012?

as i said in my post, i’d say the last 1-2 years of obama and the first 3 of trump were actually pretty normal.

I’d also say a large portion of the clinton era was normal, and we did essentially erase the deficit by the end of that.

Then, Bush Era, not normal. Obama era, mostly not normal.

[Snow96]

@tnt

as i said in my post, i’d say the last 1-2 years of obama and the first 3 of trump were actually pretty normal.

I’d also say a large portion of the clinton era was normal, and we did essentially erase the deficit by the end of that.

Then, Bush Era, not normal. Obama era, mostly not normal.

So normal is decresing the defecit? That the only marker?

[WCD9973]

@tnt

I have to say though, as I work through the PPP program, I don’t have a lot of faith in the cast of characters putting these deals together. The PPP program is riddled with errors and inconsistencies, and is at fundamental odds with other bailout programs like the enhanced UE benefits.

This is because Bills are written by lobby groups. Not figuratively, but literally - that is how bill are written. Each lobby group writes the actual bill they want and then some intern cuts and paste things together.

When a bill is written and passed that is 800 pages in less then 2 weeks written by dozens of lobby groups - you are going to have things that don’t flow well.

[WuWei]

@tnt

@Snow96

Just for the airlines or for ALL businesses that take stimulus $$?

That’s a good question.

Airlines seem to be in a special category. They are a) a huge part of our economy and b) constantly needing bailed out.

Have to ponder this some more.

Without airlines, what happens to hotels and restaurants? Hawaii?

[WuWei]

@WCD9973

@tnt

I have to say though, as I work through the PPP program, I don’t have a lot of faith in the cast of characters putting these deals together. The PPP program is riddled with errors and inconsistencies, and is at fundamental odds with other bailout programs like the enhanced UE benefits.

This is because Bills are written by lobby groups. Not figuratively, but literally - that is how bill are written. Each lobby group writes the actual bill they want and then some intern cuts and paste things together.

When a bill is written and passed that is 800 pages in less then 2 weeks written by dozens of lobby groups - you are going to have things that don’t flow well.

Great post. And the pols never read them.

[WuWei]

@tnt

@Snow96

So last year, 2018 wasn’t normal? How about 2015? How about 2012?

as i said in my post, i’d say the last 1-2 years of obama and the first 3 of trump were actually pretty normal.

I’d also say a large portion of the clinton era was normal, and we did essentially erase the deficit by the end of that.

Then, Bush Era, not normal. Obama era, mostly not normal.

War…

[Snow96]

Then we havn’t had normal since at least 9-11. we’ve been in the “war on terror” since that time with no end in sight.

[NJBob]

@Snow96

@NJBob

At what point would the individual tax kick in? Do you tax starting with the first dollar earned? I’m not sure I follow how your deduction would work.

Right now federal minimum wage is $7.25 an hour or $15,080 a year.
With my proposal . . say the tax rate is 18%.

Mom works full time minimum wage – her tax form would show 15,080 income - 12,064 deduction. and pay 18% tax on 3,016 . . . 542 in federal tax.

Now guy down the street up on the hill, has a total income of 15 million dollars - 12,064 deduction. Would pay 18% on 17,987936 . . . . 3.2 million (plus change) in Federal Tax.

Ok, got it. But why an 80% threshold, why not 140%? I would like to see a bit more of a deduction to help out the little guy.

[tnt]

@Snow96

So normal is decresing the defecit? That the only marker?

no.

Normal is no 9/11, no great recession, no corona virus, no gulf war.

[Snow96]

I want everyone to have skin in the game.

Even if it’s 20% of your income, everyone should pay a little in taxes. Hell I’ll even go up to 90% of federal minimum wage deduction.

The odds of my plan ever being implimented are about the same as scientists finding gold in human sweat.

[Striker840]

Nothing stopping you from paying extra. You know, walk the walk