Brazilian President Jair Bolsonaro announced that he has tested positive for coronavirus. NBC News' Bill Neely has details. Aired on 7/7/2020.
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Brazilian President Jair Bolsonaro Tests Positive For Coronavirus | Andrea Mitchell | MSNBC
Well that’s one monster that might be down now
Lets hope the other MONSTER is taken Down …either Covid or Nov election …
Indeed! Good riddance!
The Covid-denier-in-chief tests positive. I bet he takes it seriously now. Watch him demand every possible measure that science and medicine can offer – everything he has denied others.
*New Study Confirms That The Welfare State Discourages Work*
At a time our country faces a massive recession brought on by the coronavirus lockdowns, America’s welfare state exacerbates that stagnation.
June 16, 2020 https://thefederalist.com/2020/06/16/new-study-confirms-that-the-welfare-state-discourages-work/
Ronald Reagan had an old adage about the nine most terrifying words in the English language: “I’m from the government and I’m here to help.” Recently, a new paper reinforced that truth and adds to the existing literature showing how America’s welfare state often traps generations in a cycle of poverty.
At its core, a complicated set of welfare programs and tax breaks generate sizable incentives for many low-income Americans not to increase their incomes and improve their station in life. This “poverty trap” results in well-intentioned government programs hurting those they were designed to help.
*Marginal Tax Rates*
The study, published by the National Bureau of Economic Research (NBER), examined marginal net tax rates on American households. Their analysis included the phase-out effects of various government programs and the extent to which those phase-outs discourage work.
For instance, consider the $1,200 payments in March’s coronavirus “stimulus” legislation. Individuals with incomes under $75,000 qualified for the full $1,200 payment, while the payment was reduced by 5 percent for each dollar of income over $75,000. As a result of this phase-out rate, individuals with incomes over $99,000 receive no payment.
For every additional dollar of income a person making $75,000 received, he will lose five cents of his “stimulus” payment, plus have to pay regular federal income taxes (likely at a 22 percent rate), payroll taxes (7.65 percent), and state and local income taxes where applicable.
Put another way, the coronavirus checks gave people making between $75,000-$99,000 added incentive to reduce their income. By working fewer hours, sheltering income from taxes, or both, people could “maximize” their “free” payment from the federal government.
The researchers studied data from 2016, well before this year’s “stimulus” (or the coronavirus). But as the paper’s introduction notes, many other federal programs and laws have similar distortionary effects:
Earn $1 too much two years back and your Medicare Part B premiums will rise by close to $800. Earn $1 too much and, depending on the state, lose thousands of dollars in your own or your family’s Medicaid benefits. Hold $1 too much in assets and forfeit thousands in Supplemental Security Income. Earn an extra dollar and receive thousands of dollars in Obamacare subsidies. Earn $1 beyond Social Security’s earnings ceiling and watch your Social Security payroll tax drop to zero. Earn $1 too much and flip onto the Alternative Minimum Tax (AMT), reducing your marginal income-tax bracket from a rate as high as 37 percent to 28 percent. Earn $1 too much and lose 22 cents, in the Earned Income Tax Credit and the list goes on.
If this appears to look almost like a game, you’re not far off. It’s hard not to view it as the government picking winners and losers through its various program parameters. Made an extra $1 of income? Too bad — now we’re taking your subsidy away. Do not pass go, do not collect $200.
*Worst Effects on the Poor*
Unfortunately, these distortionary effects hit poor and near-poor households the hardest. As Gene Steuerle of the Urban Institute has documented, phase-outs of programs like cash welfare, food stamps, the Earned Income Tax Credit, and Obamacare subsidies mean households making roughly $10,000-$40,000 can lose almost as much in government benefits as they gain in added income by working additional hours.
The new NBER study further quantifies this phenomenon. It finds that, both over the current year and over their lifetimes, individuals in the lowest income quintile (the bottom 20 percent) face higher marginal tax rates than those in the next three income quintiles (from the 20th percentile of income through the 80th percentile). Essentially, when taking the phase-out of government benefits into account, the poor face more disincentives to work than the middle class.
It gets worse. One in four low-income households (those with income in the bottom 20 percent) face lifetime marginal net tax rates of more than 70 percent. As the authors put it: “One in four of our poorest households, regardless of age, make between two and three times as much for the government than they make for themselves in earning an extra $1,000.” Given the construct of the modern welfare state, it seems less logical to ask why poor people wouldn’t work and instead to ask why they would.
There is, however, one silver lining in the paper: States can help undo the damage caused by poorly crafted federal policy. The NBER researchers found that a “typical household can raise its total remaining lifetime spending by 8.1 percent by moving from a high-tax to a low-tax state.”
*Break the Cycle of Poverty*
Obamacare didn’t create the phenomenon of the welfare state discouraging work, but it did make this worse. The Congressional Budget Office noted repeatedly that the phase-outs in the law’s insurance subsidies penalize individuals who earn more income. Its most recent in-depth analysis, conducted in February 2014, concluded the law would reduce the labor supply by the equivalent of about 2.5 million full-time jobs.
More recently, of course, lawmakers in the CARES Act provided a $600 per week federal supplement to unemployment insurance, further discouraging work. Because more than two-thirds of unemployed individuals can now make more money on unemployment than they did while working, businesses face difficulty recruiting furloughed employees back to their jobs.
At a time our country faces a massive recession brought on by the coronavirus lockdowns, America’s welfare state exacerbates that stagnation. Reforming the system to eliminate work disincentives could save taxpayer funds. More importantly, it would encourage all Americans to embrace the dignity of work.
The reporter didn’t do his work very well, he need to have added that he was immediately moved to military hospital where he is being attended to by the military medical experts. I only pity, the gullible followers who will not be opportune to have that kind of medical attention if caught with covid 19. They cannot specify for now, according to them when he would be free to go back.
@Michael Raheem Doctor: Remdesivir or Placebo …. hmmmm …
@Eric Klaus Don’t feel sorry for your stupidity. It is natural in you.
@Sperup AD Thanks for the compliment and vote Blue.
(Good luck with your Froutotemporal problem)
Now maybe he takes this virus serious, but knowing his stupid personality he probably won’t!
@M John no you’re a fool for buying the government lie it’s all about money and you’re the chump falling for it get back to me when you grow up
@M John and don’t forget to take the Bill Gates vaccine when it’s available
Luv Provida If he survives.
@Mic Little he’ll be okay it’s all a setup the virus is a hoax its all about money politics after the election the virus will disappear
I thought you were talking about Trump haha.
This guy is basically like Trump, no mask, and saying that the corona virus is a hoax. He deserves to get sick!!
@deee 327 — Trump only restricted some travel from China, by that time the virus had spread to other countries, Biden didn’t oppose the restrictions on China, he said Trump needed to expand the restrictions on other countries also, stop trying to revise the facts and history 😡
Trump sought a reopening but found the virus in the White House instead. https://www.cnn.com/2020/05/08/politics/donald-trump-staffers-coronavirus/index.html
————————————
COVID-19 is now inside the White House. Trump not only has failed to protect America but also the symbol of America. He can’t even protect the house where he lives and works with all the money and resources he has at his whim. Trump’s desperate hours: He was contemptuous of the virus — now it has him trapped. https://www.salon.com/2020/05/09/trumps-desperate-hours-he-was-contemptuous-of-the-virus–now-it-has-him-trapped/
—————————————
Trump’s Entire Coronavirus Response Is Massive Political Corruption. https://nymag.com/intelligencer/2020/04/trump-coronavirus-checks-name-slush-fund-ventilators.html
————————————
This Is Trump’s Fault. The president is failing, and Americans are paying for his failures. https://www.theatlantic.com/ideas/archive/2020/04/americans-are-paying-the-price-for-trumps-failures/609532/
————————————
@Enrique Ordaz I think that dee magat is lonely for attention. Actually, I think quite a few of the lurking maga trolls around here are, too. I report them.
@deee 327 Yes, he did…in February!
@Duke Metzger No, if he ever survives and doesn’t die, the next minute he will promptly go out and make a speech to his people saying” See, i told you it’s nothing. Now let’s have a carnival and celebrate, go back to work, go to church and have a choir singing and praising the Lord.”
Can’t stop laughing. The joke is now on him. 😄😅😅
Let’s see how he handles this “ordinary cold”. 😄😅
It depends on which strain of covid-19 he has. One is deadlier than the other.
You can bet he will lie about it.
unfortunately as a capitalist he has access to healthcare the rest of us and especially the poor in Brazil dont, theyll always do better unless his body is really jacked up
@Dialectix Emcee Especially those in power has access to the best doctors and medical devices. And they don’t have to wait in line like the rest. So their chance of survival is much much greater.
😂
I would like to remind Trump, who is a great admirer of Bolsonaro that imitation is the sincerest form of flattery.
@c0mpu73rguy No, Bolsonaro was always like that, long before he became president
LOL! Veeery good comment 3LD!!
@Diógenes lima b. ·_· I think something was lost in translation in my or your post (I’m not sure).
@c0mpu73rguy of course, my native language is Portuguese not english
Diógenes lima b. And mine isn’t english either.
Arrogant denialists beware. I wonder how many innocents he selfishly infected.
The surprising thing is how long it took for him to get it. Especially with such close contact with the crowds.
For those who haven’t been careful but haven’t gotten it yet,
Doesn’t mean will not get it sooner or later, if not careful.
Only way this virus can infect a person, is by Someone
Wonder who finally gave it to him
This sociopath didn’t care that people were getting infected and dying in high numbers. He’s getting what he deserves, I don’t think anyone is gonna feel bad for him.
Sidney Munoz just hope he stays home and avoids all medical attention. may he suffer….
I agree
*New Study Confirms That The Welfare State Discourages Work*
At a time our country faces a massive recession brought on by the coronavirus lockdowns, America’s welfare state exacerbates that stagnation.
June 16, 2020 https://thefederalist.com/2020/06/16/new-study-confirms-that-the-welfare-state-discourages-work/
Ronald Reagan had an old adage about the nine most terrifying words in the English language: “I’m from the government and I’m here to help.” Recently, a new paper reinforced that truth and adds to the existing literature showing how America’s welfare state often traps generations in a cycle of poverty.
At its core, a complicated set of welfare programs and tax breaks generate sizable incentives for many low-income Americans not to increase their incomes and improve their station in life. This “poverty trap” results in well-intentioned government programs hurting those they were designed to help.
*Marginal Tax Rates*
The study, published by the National Bureau of Economic Research (NBER), examined marginal net tax rates on American households. Their analysis included the phase-out effects of various government programs and the extent to which those phase-outs discourage work.
For instance, consider the $1,200 payments in March’s coronavirus “stimulus” legislation. Individuals with incomes under $75,000 qualified for the full $1,200 payment, while the payment was reduced by 5 percent for each dollar of income over $75,000. As a result of this phase-out rate, individuals with incomes over $99,000 receive no payment.
For every additional dollar of income a person making $75,000 received, he will lose five cents of his “stimulus” payment, plus have to pay regular federal income taxes (likely at a 22 percent rate), payroll taxes (7.65 percent), and state and local income taxes where applicable.
Put another way, the coronavirus checks gave people making between $75,000-$99,000 added incentive to reduce their income. By working fewer hours, sheltering income from taxes, or both, people could “maximize” their “free” payment from the federal government.
The researchers studied data from 2016, well before this year’s “stimulus” (or the coronavirus). But as the paper’s introduction notes, many other federal programs and laws have similar distortionary effects:
Earn $1 too much two years back and your Medicare Part B premiums will rise by close to $800. Earn $1 too much and, depending on the state, lose thousands of dollars in your own or your family’s Medicaid benefits. Hold $1 too much in assets and forfeit thousands in Supplemental Security Income. Earn an extra dollar and receive thousands of dollars in Obamacare subsidies. Earn $1 beyond Social Security’s earnings ceiling and watch your Social Security payroll tax drop to zero. Earn $1 too much and flip onto the Alternative Minimum Tax (AMT), reducing your marginal income-tax bracket from a rate as high as 37 percent to 28 percent. Earn $1 too much and lose 22 cents, in the Earned Income Tax Credit and the list goes on.
If this appears to look almost like a game, you’re not far off. It’s hard not to view it as the government picking winners and losers through its various program parameters. Made an extra $1 of income? Too bad — now we’re taking your subsidy away. Do not pass go, do not collect $200.
*Worst Effects on the Poor*
Unfortunately, these distortionary effects hit poor and near-poor households the hardest. As Gene Steuerle of the Urban Institute has documented, phase-outs of programs like cash welfare, food stamps, the Earned Income Tax Credit, and Obamacare subsidies mean households making roughly $10,000-$40,000 can lose almost as much in government benefits as they gain in added income by working additional hours.
The new NBER study further quantifies this phenomenon. It finds that, both over the current year and over their lifetimes, individuals in the lowest income quintile (the bottom 20 percent) face higher marginal tax rates than those in the next three income quintiles (from the 20th percentile of income through the 80th percentile). Essentially, when taking the phase-out of government benefits into account, the poor face more disincentives to work than the middle class.
It gets worse. One in four low-income households (those with income in the bottom 20 percent) face lifetime marginal net tax rates of more than 70 percent. As the authors put it: “One in four of our poorest households, regardless of age, make between two and three times as much for the government than they make for themselves in earning an extra $1,000.” Given the construct of the modern welfare state, it seems less logical to ask why poor people wouldn’t work and instead to ask why they would.
There is, however, one silver lining in the paper: States can help undo the damage caused by poorly crafted federal policy. The NBER researchers found that a “typical household can raise its total remaining lifetime spending by 8.1 percent by moving from a high-tax to a low-tax state.”
*Break the Cycle of Poverty*
Obamacare didn’t create the phenomenon of the welfare state discouraging work, but it did make this worse. The Congressional Budget Office noted repeatedly that the phase-outs in the law’s insurance subsidies penalize individuals who earn more income. Its most recent in-depth analysis, conducted in February 2014, concluded the law would reduce the labor supply by the equivalent of about 2.5 million full-time jobs.
More recently, of course, lawmakers in the CARES Act provided a $600 per week federal supplement to unemployment insurance, further discouraging work. Because more than two-thirds of unemployed individuals can now make more money on unemployment than they did while working, businesses face difficulty recruiting furloughed employees back to their jobs.
At a time our country faces a massive recession brought on by the coronavirus lockdowns, America’s welfare state exacerbates that stagnation. Reforming the system to eliminate work disincentives could save taxpayer funds. More importantly, it would encourage all Americans to embrace the dignity of work.
People are not feeling sorry for him. We’re mostly wishing he’d go hang out with Trump and have a COVID party.
@Jon Courtney LoL but Trump is getting tested everyday, and he gets scared if somebody around him coughs. or sneezes. so Trump just cancelled all of Bolsonaro invites.
No one, other than Trump deserves this more.
Florida’s governor?
@William H Music 2020 At least we are not fake patriots like you sheep who love racist statues.
@rick robbin The only thing thats a hoax is your dear president who hides out in bunkers.
@orecoast 1961 I don’t support Trump but you’re a fool if you buy into this hoax virus it’s all about money and politics do some homework on the immune system this virus is a joke
@orecoast 1961 RUSSIA RON.
As big a dumbfuck as his zero hero.
How about COVID giving Trump a kiss?
YASS!
John, maybe COVID will visit athlete’s foot face Dementia Joe fake teeth Fingers Biden
@Bud Fudlacker It’s fun to watch your side losing. Just as we promised you would. You’ve been owned by the left again, eh..? LMAO.
@Tessmage Tessera Like in 2016? 😂😂😂😂😂🦃🦃
Someone els give one big smack and make your infected at the time give it to bunker baby he needs a taste of he virus lololololol
July approval numbers are in!
Bolsonaro: 30%
Getting punched in the face by your grandmother: 23%
t’rump: 15%
Well, don´t want to wish anyone getting infected but … serves him right!
The surprising thing is how long it took for him to get it. Especially with such close contact with the crowds.
For those who haven’t been careful but haven’t gotten it yet,
Doesn’t mean will not get it sooner or later, if not careful.
Yes we do! I hope the cretins in the WH all get it.
One less piece of counter-evidence for those who believe in Karma.
Dude, it’s either “one more piece of evidence for those who believe in Karma”, or “one less piece of counter-evidence for those who don’t believe in Karma”.
@O. B. English differs in its use of double negatives from other languages. For people who believe in Karma, the fact that Trump is out there eating fast food like he’s at the Nathan’s hot dog eating championhip, never wearing a mask, etc. etc. would seem like counter-evidence to them, which they would have to overcome to keep believing in it. Same thing with this dude. It’s linguistically like “I could care less” vs. “I couldn’t care less”.
@jvsnyc ” It’s linguistically like “I could care less” vs. “I couldn’t care less”.”
—
I agree: “I could care less” makes no sense – like your comment above. “I couldn’t care less” does make sense – like my comment above.
He better be praying he has no underlying health problems 🤣. I guess we will find out in a week or so.
does stupidety count?
That broadway actor Nick Cordero who just died from coronavirus at age 41 has no underlying health problems.
Dear Ms. Corona,
Please aim further north next time.
Hints: He’s orange and a dictator wannabe.
@Anthony Egidio
Tell us about lucifers kids pawned out into eternal death to fight the devils spite war
Everyone gets what is coming to them.
@M John Corn Pop was a bad dude!
@Rino Ponce You’re dumb
Keep,you germs over there thank you no one want them
Who’s next. I can’t say I’d be disappointed seeing Trump on a ventilator.
@Stone Men why are you obsessed with the news media and the democrats? Nearly all countries on planet earth didn’t make a political thing out of corona. they listened to the scientists and made reasonable decisions. and these efforts had huge success. youre caught in your murica-bubble. the whole world is laughing about your country and feels sorry for all this needless suffering.
@Chaos & Sandale Why are you so obsessed with trump and coronavirus? Nobody in his position would have made a difference…,,,you already proved that point for me….If you think democrat governors did a great job just look at NY…….No president regardless of party could have stopped It…
Greg Olson I think a Ivanka takes care of that urge.
Chaos & Sandale hes obsessed because he is in a cult and that’s what his preacher is telling him to believe.
@Cymric A cult haha haha haha ………I’m not in a cult and nobody tells me what to do you MSM parrot…..Wow come up with your own material Dumdum
Who cares, right? What can you do? His words have come back to haunt him!?
He should have read the fine print when he sold his soul.
Trump too.
@I. M. I think the father of lies is protecting Gump.
IN another interview someone asked him about covid and he said something like, “What do you want me to do?”…..
What were/ are his mom and dad like? His dad must be a jerk, but his mom…
I would be so ashamed if i had a kid like him.
@I. M. ele disse sabia o número de mortos porque não era coveiro
Im having a double when trump gets it, and I dont drink!
THE KLAN WILL RISE AGAIN!
Me too.