Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search
 

joetheman

(1,450 posts)
1. many lost their own jobs and a spouse main wage earner in the household.
Tue Apr 27, 2021, 07:20 AM
Apr 2021

A double whammy.

I'm thinking that perhaps a way to get these single wage earner families back on their feet or to make progress is for a government program that seeks matching dollars for a portion of Federal payouts to be invested in the stock market which has been so good for the billionaires. Lots of details to be worked out, but I am thinking of funds set up for families that apply and meet certain hardships that are designated as long term hardships. The families would still receive subsidies but any increases in subsidies would be deposited into a mutual fund for a maximum of two years with matching dollars raised from the increased taxes on the wealthy. That way some generational wealth or at least generational ladders out of poverty could be established. Or establish "buddy" stock portfolios or adopt-a-family portfolios set up by joint efforts between the billionaire and millionaire stock holders and the Federal government. Perhaps that extra 3% over the 25% unearned income tax could be used?

Latest Discussions»Latest Breaking News»A quarter of women say th...»Reply #1