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What I am calling for during this crisis (THREAD):
$2000 for every
single person /mo until 1 year after this ends
freeze on rent, mortgages, credit card bills
nationalization of pharma & airlines
#M4A
stop debt collectors and credit scores
abolish student debt
focus on small businesses and workers NOT huge corporations
relief will NOT be used for stock buybacks, CEO bonuses & raises, etc.
rent freeze for small businesses
public internet for all
jobs guarantee to kickstart the economy with anyone who wants/needs work after
If you’re thinking “how will we pay for this” Stay tuned because @SpencerSny and I have a video that will help answer this. Short answer: Congressional appropriations. Same way we paid for all the CEO pay raises in the last few years. Same way we pay for war.
We need all of the above to help NOW and also after this ends. This is not the last crisis we will need to navigate.
Wash your hands, Alex. Also, don't come within 6 ft of anyone outside your home. Lock your relatives in the basement. Order all your food from Amazon, and disinfect it at your door when it arrives. You see, Alex, you're only as safe as the most vulnerable one of us.
Essentially this is pressing the 'Pause' button on financial activity, not economic activity. Important distinction. The reason this is being vehemently opposed is that once this is done, then the irrelevance of the financial sector gets highlighted.
the capitalism dies
How about reducing the maximum interest rate on credit card debt? While you’re at it lower the interest rate on all debts. Banks are paying what now?
Forgot to say thank you and these are great ideas!
What about the entrepreneurs who rent residential dwellings
Yep! Rent freeze for small businesses too!
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