You know what is going on. You guys welcome back to a another video. So I know most, you guys have heard news about the $ 1200 stimulus check. Some of you guys may have it some, you guys, may not have it.

Some of you guys may just not care about it anymore. The next new important thing that you guys need to know is that $ 2,000 a month bill that is being proposed right now and if you guys have not yet heard of this bill, just think about the $ 1200 stimulus check like like right on steroids. So what we're gon na do in today's video is just give you very easy, digestible information, so you guys know exactly what this bill is about, and on top of that, we're gon na be talking about whether or not this may actually pass. So this new proposal, which is called the emergency money for the peoples Act, is pretty much like the $ 1200 stimulus check, but much better.

I'm not gon na go into full details complaining about how they didn't do a good job, but if I were to give out three things, first of all, they weren't good at communicating exactly the process and the way everything should have gone about number two. They really neglected that vulnerable population that I often mention on my channel. I feel like veterans, people with disabilities. People who really cannot go out.

People who have Social Security should have gotten these checks first, instead of the whole rest of the people. That may not actually need this money now. For the third thing, there really was some limitations and unfairness towards a group of people, say you're listed as a dependent under your parent or say you're, making over seventy five thousand dollars. But you still lost your job and you still need some type of assistance.

There are groups of people that were really neglected in that first round for the stimulus checks this second wave, if it does go through, really focuses on fixing those different aspects. Now, unlike the previous check, if you're over 16 years old and instead of making less than $ 75,000, if you make 130,000 dollars individually or $ 260,000 married filing together that right, there is already pushing the boundaries of how many people can get. This check, which I find, is a lot better than the original one. Now all Americans fitting that criteria would get a $ 2,000 per month stimulus check instead of that original twelve hundred dollar amount.

Now this $ 2,000 is estimated to go from six months to a 12-month period, instead of just being a one-time checks. Now, if you're someone like me, who has five kids at home, you actually won't be able to add all of them to your account. You only limit it to three different children, so I'm just kidding, I don't have kids did anyone actually like think I did in addition to that, the emergency money for the people's act will not actually count as income, which means this is tax free, which is another Added benefit now all that sounds pretty good right, but we also have to take into consideration how much this is gon na cost to the government, because at some point, if they keep printing this type of money, we will feel the type of repercussions that is expected To come now, one last thing I want to mention about this act before we start getting into the reasons why I don't believe it's gon na pass is that they are actually trying to make this a lot easier. It's been quite a mess with the direct deposit portal that the IRS came out with, and a lot of people are still finding errors.

Still to this day. They are still getting errors and it's crazy, because the government is a entity that should have enough resources to hire like the most capable people of being able to fix these things. But I guess not, I guess there is still some issues going on with it. But what you guys really need to know is this: if this bill does pass instead of doing direct deposit or stimulus, check, mails they're, actually trying to find different, relevant alternative solutions like a prepaid debit card, that everyone gets access to, or people who use cash app Venmo or like you know these hip little apps that US Millennials like to use, we would be getting our money straight onto this, so it'd be pretty cool.

You know if I'm like chilling at home and then I see a G and then it's like from the Treasury Department for like $ 2,000, like at the end of every month like that, would be pretty dope like this video, if you guys think that's pretty dope. So all of this sounds a pretty good. Doesn't it well it's the thing where people say if it sounds too good to be true, it may be too good to be true, because this actually has not yet passed. Here's my honest opinion.

What I believe is actually gon na happen. You know, I really don't want to be the guy to sugarcoat things and tell my audience. Oh, this thing may happen and if I tell people this may be happen and they're happy, I'm gon na get more likes. Therefore, I get more views and I get more money.

No I'm just gon na be real with you guys. I honestly don't believe that this bill is gon na pass, just because one there's too many holes too. This is a lot of money, they're, printing out and three. You know I wouldn't really say if the government was pretty successful in getting that original round of $ 1200 stimulus checks out to the people, I'd be like okay.

You know this sounds a little promising. I know that they can deliver on the things that they promised, but really how they planning to move this quickly with another proposal when they actually haven't even completed the first round. So the reason why a lot of these bills are coming out and they sound so good, but they aren't actually going through, is because right now is election year. A lot of these politicians want to be reelected.

They want to come out with these great little ideas and they want to be able to do things where the people associate the type of money that they're getting with different movements within the democratic or republican party. Just think about Donald Trump, putting his name on some of these stimulus checks that people are about to receive. They really want to be able to get reelected, because that means they can secure another spot another year in the house that they normally work very hard to get. Look, if any.

You guys grew up in the education system that I did, which was just a regular like public school, just a regular one. You guys may remember house a Rock School Rock School House of Rock y'all. Remember that, like conjunction junction, what's your function, do you guys remember that? Does anyone else remember schoolhouse Iraq anyways? If you guys paid attention in history class, which I did not, you would probably remember that it takes a lot more steps for houses, the bills, the Senate for things to actually pass within the government just because one person gets an idea like okay. This sounds good.

Let's do it: let's rock everyone gets three million dollars in their bank account everyone become a six-figure entrepreneur. Let's make everyone millionaires. That will not happen because it needs to go through chains of command, and this is within our political system. Look even if, theoretically, something ridiculous like this actually passed, which I do wish it did pass, we have to take into consideration all the hyperinflation that we would actually face afterwards if everyone is getting a whole bunch of money every single month.

What would really incentivize people who are making just enough money from this amount to be able to work in the future? And what about all these? Sixteen year olds, who actually qualify for $ 2,000 a month? Think about all the things that they would also spend their money on. There's definitely a lot of holes within this bill and, although it does sound very good to be true, I feel like if they just touched up on a couple things and try to you, know narrow down with the focus of people who actually need this money. Instead of the people who may not like kids or kids living under their parents, house or people, obviously making six figures every single year and they do not need this money at all, I feel like if they did really narrow down patch it down. I could see a version of something like this passing, but it would not be the exact version that they are proposing today.

Okay, now this video isn't gon na, be all bad news. I do have some actionable tips that you guys need to know. There are many more additional benefits that the government is actually passing, though, so, although this is a bill that may just be chilling, it's collecting dust, there are other things like the updated PPP amount where people are gon na, get more money for their small businesses. We're seeing an eID l refresh and on top of that, if you guys are unemployed, we're seeing additional benefits in that realm too.

So if you guys are interested at all and hearing me talk about those things, please let me know down below in the comments, because we will come out with some updated content now stay tuned for any updates and if you guys did enjoy this video, don't forget To drop a like right now and if you guys want to support this channel in any way, don't forget to check out the affiliate links down below. I really hope you guys enjoyed this video and I really hope I see you guys in the next one puh-puh-puh peace.