In the discussion thread: Rs want to pay 70% of earnings for unemployed. Did they think this through? [View all]
Response to stopbush (Reply #10)
Mon Jul 27, 2020, 12:52 PM
Mike 03 (16,616 posts)
30. I'm not arguing with your point, just trying to figure this out.
Some things to keep in mind:
The very high wage earners you're talking about also get huge bonuses, and have a much easier time obtaining loans than medium or low income workers. It's not fair, but such employees have an easier time accessing capital in general. They are likely to have a high net worth overall, separate from their annual salary. They are more likely to have equity holdings they can liquidate for cash should the necessity arise. This is one reason that people earning over a certain amount of money didn't receive stimulus checks. Having more money does make a difference because assuming you're sensible and prudent, you have a cushion. |
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Author | Time | Post |
stopbush | Jul 2020 | OP | |
Sherman A1 | Jul 2020 | #1 | |
stopbush | Jul 2020 | #2 | |
Sherman A1 | Jul 2020 | #3 | |
Sherman A1 | Jul 2020 | #9 | |
LakeArenal | Jul 2020 | #29 | |
MrsCoffee | Jul 2020 | #4 | |
FBaggins | Jul 2020 | #15 | |
durablend | Jul 2020 | #22 | |
FBaggins | Jul 2020 | #27 | |
House of Roberts | Jul 2020 | #6 | |
Mike 03 | Jul 2020 | #5 | |
uponit7771 | Jul 2020 | #8 | |
stopbush | Jul 2020 | #10 | |
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Mike 03 | Jul 2020 | #30 |
stopbush | Jul 2020 | #32 | |
Mike 03 | Jul 2020 | #33 | |
Buckeyeblue | Jul 2020 | #7 | |
stopbush | Jul 2020 | #12 | |
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Johnny2X2X | Jul 2020 | #11 | |
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Mike 03 | Jul 2020 | #16 | |
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stillcool | Jul 2020 | #26 | |
dlk | Jul 2020 | #14 | |
Luz | Jul 2020 | #23 | |
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stopbush | Jul 2020 | #25 | |
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obamanut2012 | Jul 2020 | #31 | |
MoonlitKnight | Jul 2020 | #35 | |
underpants | Jul 2020 | #36 | |
RainCaster | Jul 2020 | #18 | |
stopbush | Jul 2020 | #24 |
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