A Simple Pandemic Economy Fix: Give 10.25M People $40,000

Give money to everybody who needs money.

It’s just that simple.

How much, how many?

10,252,500 people

$30,000 cash

$10,000 in their FICA/SECA accounts

That’s a total of $40,000 per person.

The Quick-N-Easy math looks like this:

We’ll use 10,252,500 unemployed people (discussion, rationale, and calculations for that figure are later in this entry)

10,252,500 unemployed people
x $30,000 = $307,575,000,000 ($307.5 billion)

10,252,500 unemployed people
x $10,000 = $102,525,000,000 ($102.5 billion)

$307,575,000,000
+ $102,525,000,000 = $410,100,000,000 ($410.1 billion)

10,252,500 unemployed people
x $40,000 = $410,100,000,000 ($410 billion)

That’s MUCH LESS than the $1.9 TRILLION proposed.

Plus, the $10,000 FICA/SECA money would be for their employers, a $10,000 tax deduction!

Why do something like that?

First, it puts a significant amount of money (delivered in a lump sum) into the hands of hurting people. And they need that help DESPERATELY. It keeps them from being evicted/foreclosed upon, it keeps the lights turned on, and water and gas turned on, etc.

Second, it significantly helps employers, many which are also hurting, and need help. In the case of small businesses, many owners are employees of their companies, so they would also get $30,000 checks. PLUS, they would also get $10,000 checks (per se), which would be credited to the company’s books as a deduction in operating expenses, thereby increasing their profit (perhaps they’ll use it to pay down long-term debt). How they use the value of the deduction is entirely up to them, but it (the money) MUST BE PAID TO THE EMPLOYEE’S FICA ACCOUNT. In fact, the mechanics of the transaction are

10 GOOD Things COVID-19 Will Cause.

Every period of change in human history has been preceded by chaos and upheaval.

COVID-19 novel coronavirus is exposing our weaknesses, our strengths, where changes are needed and must occur, and where we are performing well.

This illustration reveals ultrastructural morphology exhibited by the COVID-19 novel coronavirus. Note the spikes that adorn the outer surface of the virus, which impart the look of a corona surrounding the virion, when viewed electron microscopically. Image credit: CDC.

There will be positive outcomes, of course, one of which will be that it is no longer necessary for some people to assemble, or congregate in one place to work. It is being proven that work which can be performed remotely, i.e., from one’s residence, will be increasingly utilized, and that will be a net positive outcome in several ways.

Here’s a list of…

10 GOOD Things COVID-19 Will Cause.

• One, it will reduce going-to, and coming-from work-related commuting traffic volume.

• Two, it will increase employee satisfaction, insofar as one will not fight traffic in order to get to work, or home from work.

• Three, because fewer automobiles will be on the roadway, it will reduce automobile emissions, and therefore yield an environmentally net positive result.

• Four, because traffic will be reduced, navigation will be