It’s no secret that the entire American population is struggling right now. They are grieving and a good number of them have not sufficient finances to pay off their bills.
Our country’s economy has felt the drastic effect of the COVID-19 pandemic, with unemployment claims to surge over 20 million (an estimated unemployment rate of 17%).
A few weeks back, the U.S passed the biggest relief bill in American History. It is designed to provide a boost of about two trillion dollars to the coronavirus-hit economy. The bill is named as the CARES ACT (Coronavirus Aid, Relief, and Economic Security).
With the bill being said to help the common citizens of the country, it was not something as expected by the masses. It was not a true effort to help everyday Americans who are struggling to put food on the table.
But who seems to get the most benefit from the bill? Big corporations like airlines and businesses that are run by millionaires. These corporations got billions of dollars of the relief bill and got giant tax cuts. In contrast, individuals received money which was not expected by them.
Things are still bad out there, and it seems like it’s going to get worse – especially for the common Americans who have been working the entire week but lost their jobs due to the pandemic. This means that everyday Americans are not receiving right the benefits of the relief bill.
When its common people of the county that is struggling the most due to this pandemic, the government has decided to bail out the banks and corporations instead. The relief from the bailout bills should go to American citizens, not corporations. The government should avoid the mistakes of 2008 and focus our efforts on the people who need it most. Why? Because millions of Americans are struggling. They are spending their stimulus checks on basic necessities like food, but still finding it hard to live a life they have been living before the pandemic.
We believe that the needs of the hardest hit by the crisis should be at the center of the response. It’s the American citizens that deserve all the relief from the bailout bills not the corporations that are run by millionaires. It’s the common Americans that are in desperate need of financial relief not the corporations.