Thank you!
Your support is sustaining the future of local news in our communities.

Handouts: A different perspective

So far, the total relief money allocated by the federal government in respect of the COVID-19 pandemic crisis is $2,000,000,000,000. That’s a 2 with 12 zeroes. And there’s more to come.

There are 328,200,000 people in the USA. Ages 0-14 years = 61,110,000; ages 15-64 years = 214,478,000; over 65 = 52,610,000 — all approximately until the new Census is tabulated.

If everyone under the age of 14 was given $250 a month for five months, and everyone aged 15 to 64 was given $1,500 a month for the next five months and everyone over 65 was given $1,000 a month for the next five months, the total payout by the government would be $76,387,500,000 + $1,608,585,000,000 + $265,050,000,000 for a grand total, spread over five months, of $1,950,022,500,000 or less than the $2,000,000,000,000 already allocated.

Now, imagine you’re a working family of four. Your bank and everyone you have to deal with (car payments, utilities, etc.) would know that over the five-month period you would have a federal guaranteed income — non-repayable, not a loan — of $17,500, or $3,500 a month. Of course, if your kids were over the age of 14, then the monthly total would be $6,000 and it would be $30,000 over five months.

A retired couple — still getting Social Security — would also have $2,000 a month or $10,000 over that five-month period.

Why is this more fair? Because work in America and taxes in America are all about people, not companies, not Wall Street. If General Motors has to shutter its plant while the pandemic rages, what does it matter except for the workers who may never return? By shoring up the workers, you can be assured they will be able and capable to return to work. Guaranteeing short-term employee wages at a time when GM and other consumer good manufacturers won’t be selling any cars or goods achieves nothing for the families and only enriches the factory owners and business.

Business without employees or customers always fail. It is that simple. In times of crisis, when work is impossible (and that’s a key ingredient here), the only future asset a company has is the employees. If the employees are able to weather the storm, then the factory and manufacturing, and diners and hair salons will be able to re-open when the storm passes. If you fund the business instead of the workers, you may allow that hair salon to pay a landlord, but you never guarantee the worker will be able or want to return. If you fund the manufacturing plant you may guarantee that loans to banks and bond holders get paid, but when you want to re-open the plant you may not find either a healthy or able workforce.

Now, many will say that’s what unemployment pay is for… let’s start with a simple fact. The estimate is that 30% of the people who have tried to file for unemployment let alone Pandemic Unemployment Assistance (PUA) can’t even get online or anyone on the phone. Lines in offices are days, yes days, long. Unemployment, sudden massive unemployment filing was never contemplated or funded. It’s a mess. And unemployment is limited in time, way shorter than five months state by state.

If the reason for any bailout or relief is to weather this pandemic and be able to resume normal life, it makes far more sense to fund the people whose life it is, not the businesses that need their labor.

 

Peter Riva, a former resident of Amenia Union, now lives in New Mexico. 

The views expressed here are not necessarily those of The Millerton News and The News does not support or oppose candidates for public office.

Latest News

Taking a family business sky high

Taking a family business sky high

The Spirit Ballooning crew and passengers on a flight from Great Barrington to Salisbury on July 25 of last year.

Madi Long

While some moonlighters may dread their weekend shifts, local NBT banker Darrel Long looks forward to his early morning side gig, since it involves flying high above the Northwest Corner hills glowing in the sunrise.

Perhaps better referred to as his “dawnlighting” operation, Darrel is the president and founder of North Canaan-based hot air balloon outfit Spirit Ballooning, which has been taking intrepid denizens of the region on daybreak flights across the southern Berkshires since 2009.

Keep ReadingShow less
google preferred source

Want more of our stories on Google? Click here to make us a Preferred Source.

Brewing community support in Catskill

Brewing community support in Catskill

Max Ocean at the Subversive Taproom in Catskill.

Provided

On the western banks of the Hudson River, the town of Catskill is becoming a beacon of ethnic, religious and generational diversity. Partially fueled by the increased popularity of towns like Hudson and the gentrification that comes with it, residents of all stripes are making their homes in the once underappreciated town.

Among those putting down roots are Max Ocean and Zane Coffey, the founders and brewers at Subversive Malting and Brewing. In 2020, after a few years of searching for a place where they could craft their beers and build community, they landed on a modest lot with an old auto-shop big enough to house their equipment.

Keep ReadingShow less
Theater thrives at The CENTER for Performing Arts

Cast members of “Legally Blonde” rehearse offsite.

Olivia Michaels

For nearly three decades, The CENTER for Performing Arts at Rhinebeck has been a gathering place for actors, audiences and aspiring artists from across the Hudson Valley.

Founded as a nonprofit organization dedicated to making the arts accessible to people of all ages and backgrounds, The CENTER has grown from a summer theater under a tent into a year-round cultural institution. Since opening its permanent home in 1998, the theater has combined professional-quality productions with educational programs, youth performances and community events.

Keep ReadingShow less

Research and development on the river

Research and development on the river
Research and development on a cold, nasty day on the Beaverkill in New York. The author was particularly pleased his new right hip didn’t present any difficulties.
Gary Dodson

Successful fly-fishing involves research and development.

A few weeks ago, on a chilly, raw morning on a somewhat swollen Beaverkill River in New York, Gary Dodson and I rolled up expecting to have the area to ourselves.

Keep ReadingShow less
google preferred source

Want more of our stories on Google? Click here to make us a Preferred Source.

google preferred source

Want more of our stories on Google? Click here to make us a Preferred Source.