Mark Cuban told CNBC he believed another stimulus package that contained direct payments was needed to address the pandemic.
He reiterated his support for Americans receiving a $1,000 direct payment every two weeks for two months, and they'd have 10 days to spend the cash.Experts say a phase-out helps target the money towards families and individuals strugging to stay afloat during the pandemic.Billionaire investor Mark Cuban says the federal government should provide every household in America with a $1,000 stimulus check every two weeks for the next two months.
Cuban initially proposed a second wave of direct payments in mid-May, shortly after House Democrats passed a broad spending package containing the measure. He told the outlet he still thought it should be carried out "the same way" with families having only 10 days to spend the federal cash, arguing it would boost spending and better assist businesses."I don't care what they spend it on," Cuban told earlier this year.
Cuban's idea differs from what Congress enacted in the CARES Act in March since it has no income threshold, meaning everyone would receive a government check. Lawmakers and President Donald Trump a wave of direct $1,200 payments for individuals earning up to $75,000 a year, plus $500 for each dependent child.The cash amount diminished until phasing out for those making above $99,000. Married couples earning up to $150,000 a year also qualified for the full payment.
Actually, it should be until the end of the year... but
Then you should pay it out your pocket.
Good luck with that.... good idea but will never happen
being_woman BorisJohnson are you listening m8?
pamalamalamala2 Two months? Try 6 months!
We're living in a real Modern Monetary Theory simulation...
DevilisRepublcn First you have to get the top 1% to pay their fair share......then there will be plenty to go around, this will also stimulate the economy
DevilisRepublcn Yea, good idea, but, um, every American? Do people like Ivanka and Jared, or that Hedge Fund manager who made $150 mil last year and paid no taxes, really need it?
Cuban sucks ass
Almost. Try harder.
Is Cuban gonna be writing the checks?
CHINA.... if this should happen. They pay... its their virus they created!!!
Start writing the checks hero!
I wish they would do something I need to get my car fixed so I can't make it to my doctor's appointments
1. Lied about COVID19 being airborne 2. Failed to tell US to wear mask to prevent asymptomatic transmission 3. Reopened economy too soon 4. Reopened schools too soon 5. 32% drop in GDP in one QTR 6. Sowed doubt in Election Integrity TrumpIsALaughingStock TrumpTrainWreck
Tell mcuban that he’s got the $$ to make the move, put your money where your Country is....
Australians got $1500 per fortnight for 6 months, now its being reduced to $1200 for 3 months. Aussie! Aussie! Aussie! and we have Medicare (for all) sucks to be American lol
Are you contributing to that?
That would certainly be stimulating to a lot of people.
Makes since to me right about now,I'd rather have payments go to the American people than to have the WH crooks siphon that too.
He’s probably saying that we should anticipate further corona-related lockdowns & a shrinking economy as a result. Probably right. It’s just $1000 means different things to different households. Like actually. In value terms. So a flat rate makes it easy, but...economists4thewin
In the final throws of the $USD there will be violent gyrations of values.
Bubble pop coming on homes.....2021
Just say 4k stimulus for fucks sake
This would be nice for our kids. I don’t need. But they do.
Mark Cuban for President!
Could anyone please teach this guy basic economics.
Start writing checks Mark. You’ll never get the feckless congress to agree on anything
Where should I send Mark Cuban my address?
Pandering for a presidential run in 4 yes
Yea help me pay for my cybertruck god damnnn
If the U.S. can spend $20,000 to protect the rapist and pedophile Thomas Jefferson statue , then they can most certainly do this!!!
You copy Andrew Yang?
He has been saying this for a couple months
At the end of the day, it's instant gratification & long term pain VS deferred gratification & long term gain. No way out. Pick your poison. Given limited life span, the first approach appears to be more humane for most.
DoubleDownDon I agree with him and always thought was sufficient amount back with the first stimulus, should’ve never stopped.
In the end of the day, it's instant gratification & long term pain VS deferred gratification & long term gain. No way out. Pick your poison. Given limited life span, the first approach appears to be more humane for most.
Y not 10k 😅
Excellent investment in America! It will all be spent in America, unlike what corporations do with money
Tell him to pay for it.
Gpreat give the us your bank account number along with your multi millionaire friends to level the playing field. I am sure your athletes won't mind spreading the wealth along with the other owners...while your at it sell your holdings to help with reparations. Thanks most people
Meh, lump sum $5,000 would be cheaper to process and solve many, many problems for the poor and working-class Millions are in food lines, evictions, foreclosure and bankruptcies. If/when they get Covid how can they pay for treatment? Trump failed Americans GOP failed USA
Even millionaires
Mark Cuban is an idiot
Hey Mark who’s paying for all of this you?
Fuck that, make it 5k per month, and get rid of all bills or no deal. I mean come on, I want to take a few vacations out of town this year to get away from the stress of not having a job.
marcusaturner Nope.
Well, I like the way he thinks, unfortunately it's not that simple.
Then he can give it to us. Leave my money alone
Where do I send him my address
He paying?
JoeBiden
Sounds good to me
Why stop there? Print money and make rich Top 10% more rich with monetized gold, stocks, real estate..is Mark making a conspiracy policy to make the rich richer? He’s a billionaire? No kidding?
U must be insane that not enough
I'll take his 2K, and the stimulus' 2K. Mark Cuban likely spend 2K on lunches or dinners in a month.
Ah, so like other nations who actually care about their citizens? Good call. Sadly, life is not valued in America by conservaderps- only money... and I don't mean getting it to those in need, only funneling it to the richest.
Who is Going to give it to US?!?!?!
If he takes it outa his pocket it’s good
williamlharbuck Paid by who? You Mark?
He’s an idiot
Y’all who are against this are really working against yourself and it’s sad. In a country that puts so much money into our military (40%), into our large corporations, who has proven that they don’t care about us and 98% of the wealth of America is shared by a handful of people
Thank you Mark! As you are an intelligent businessman, you should be in office or at the very least counsel the current administration.
Nope, maybe one more stimulus check and that’s it, then open up and everyone needs to get back to work, you want to stay home? It’s your choice, you’re afraid? Also your choice
I don't know what the right answer is, but I do know that ten+ million dollar per year restaurant operations with hundreds of employees each are losing millions in potential revenue, as their landlords rack up their owed lease payments. All those furloughed employees are hurting.
Yeah, this guy also said he was a Libertarian. BAHAHAHA
That’s what I’m talking about!
kat88121 Big talker!
Open up your wallet big mouth
I'm with him! We need to be made whole again!
No No household making over 90K should qualify If you haven’t been employed in the last 3 months you don’t qualify you’ve had ample time to find a job. Beggars can’t be choosers. House holds with children should get 1000 only. America shouldn’t help your failure to plan.
Mark can donate the money to the US Treasury first.
He’s lost his mind
Is he paying for it? 🤨
Why not $1,000 per week for 2 years?
Ya if he’s paying
I'm good with that.
Old news this is what Canadians have been getting since covid began in March...
Can’t get Nancy to do anything!
Smart.
Yeah, look at Venezuela now.
not a problem when your spending somebody elses money.
HORRIBLE idea
Cool. When will Mark send them out?
Clumzieeee He's so awesome! I might me biased though. I'm pretty sure he hates Trump as much as I do!
I'm too worried about what's going to happen when tax season comes after that
Free Hong Kong! Say it Cuban or STFU!!!
People are cheating the system all day everyday!! Work out the kinks, weed out the abusers and may not be a bad idea for those truly in need!!!
He has the money, let him send us the checks. We’ll gladly accept them.
ur bf is based samelpan
Canada did exactly this and we did it for 7 months
themoneygame man there's a man with a great mind
Sick and evil
Coming from a billionaire? 2 months, you're so kind. 😂
2 months is nowhere near enough. Millions of people have been starving and homeless and unemployed for months because of this pandemic, and years otherwise. $2k a month for 1 year MINIMUM, and really it should be permanent.
Wise words
please! holy FAWK
I think this a great idea!!! Many people are still not working because they’re position is not available because the employer didn’t get Covid relief, which also caused them to lose health care . Some states are doing everything to help citizens. But for how long?
This is why we don't vote liberal.
Tell Cuban to give out his cash in person.
Than he should 'put up or shut up'. Who is going to pay all this debt down? All these people donating to politicians should donate to ppl in States dealing with natural disasters! Just my opinion.
Mark Cuban for 2024 but as a Republican nominee!
Ill take 1,000 every two weeks from Mark's billions
Wait, what? There's still a crisis? But the president said that it was over. senatemajldr I know you are busy trying to pack the courts and all, but there are 330 million Americans who kinda need help right now. Not next January or whenever is convenient for you.
Is he paying for it? What an idiot.
Mark do need my address? Or, let’s just do direct deposit👌👍
exactly idk what the government was thinking a 1200 check could last 4 months like baby that only rent and lights how are we gonna feed kids most school districts don even have free lunch programs
I agree with Mr Cuban. COVID -19 has crippled Americans financially. We have no ideal when it will end. weneedhelpeverytwoweeks!
Thanks Mr. Cuban. Now please kick in some cash in Texas to support Biden.
Mark Cuban and his billionaire friends could afford this without a tax payer paying a dime. See how they want us to pay for ourselves? It's almost like there grifting for Naive leftist support.
And you should pay it.
I vote that Mark Cuban finance that idea on his own.
It's like 'trickle up' economics. It works , helps families and the money gets spent so the economy gets better . But congress has too many rich friends , so they don't like it . Good luck .
mcuban Trump has increased our national debt to $26+TRILLION. Where is the money for these checks coming from?
Is Cuban going to finance this? So much of Trump's Covid relief went to the rich....just like his tax cut.
AndrewYang was the first I heard say this and I believe he nuanced it from MLK Jr.
White folks would have a fit. They so worried about who is doing what with the first stimulus we received. Please their heads would explode
Maybe if the wealthy actually paid their share in taxes. We could use that money to help those that need help now.
Looks like I’m getting some new Jordan’s
mcuban Is So Stupid, He Is Considered Today Getting Alot of A Man-Made Invention & Is Good At Getting People To Pay Him Their Money but Has No Real Soultions To Our Everyday Human Problems. As He Would Say ' Stay In Your Phucking Lane ' Cuz That Plan Is Like A Bumb Politician.
Hope he’s funding it!
Okay, then Mr Cuban, get busy and start writing the checks. Who’s stopping you?
The only people who don't agree is people that can pay their bills. That 1 time check of $2000 paid a part of my mortgage
mcuban that’s not good enough. If Canada can give their people $2,000 a month so can America.
I agree. I could use an extra 4k,how about you?
or one $4k check
He should start with his checkbook
coming from your bank account Mark? U do realize we need 24 TRILLION DOLLARS just to be flat broke here?
He should pay everyone then
Love the idea if Mark Cuban is the one to send this money to everyone. But I doubt he will pry open his wallet.
Why not exclude the millionaires and bilionaires and give the rest 1200 every other week?
Duh. That money goes to the internal market, not to buying stocks, not to fiscal paradise. That's stimulus to the economy. But murica and its toxic individualism.
Soooo does that mean he’s going to donate his millions?
For all the people against this idea, where was your outrage when Trump was passing out stimulus checks earlier this year?
excuse me? does he know much the average american needs to survive at a BASIC level i would like to see him work a minimum wage job earning that much, having two kids and having a huge ass rent.
Why didn’t we elect a businessman who hasn’t filed for 5 bankruptcies? One that doesn’t brag about wanting to date his daughter? One who respects the military? One who doesn’t fan girl over dictators? VoteHimOut
Please I need this
This dude is running in 2024
Paid for by Mark Cuban?
Will he be paying the bill on it?
Why doesn't he lend his own money then?
I almost see myself going to pay things I owe Mark.
I’m sure he would. Remember this a con man not a business man.
Great idea why dont you give a 1000% bonus every other week to every single one of your employees, lets see how long that will last
No.
mcuban hey dude. I don’t live too far from you. Can I borrow $1,500? PayPal works. Or if you wanna keep it local, you can meet me in front of the Pappa John’s at Preston and Forest?
I agree, make it happen Mr.Cuban, I heard you have enough money to do this because we all know that the higher-ups are not going to.😀
but rich people aren’t struggling so we all know that’ll never happen.
MarkCubansTeam Another China Sellout
$4,000 per household? This should have been done in March or April and the country should have been shut down completely to rid ourselves of this virus. We were predicted to have lost 30-40,000 initially. That may have saved over 150,000 souls.
Listen to him
And other words to buy voters to vote against Trump .
trumpharmsusall It's too bad mcconnell HATES AMERICANS!
Give money and people will spend more
SpeakerPelosi is blocking the relief bill and TheDemocrats have blocked the police reform bill
THANK YOU MR CUBAN!
hannahdinhd
The economy will go up.
No body cares what he thinks unless he is willing to contribute to this offer! Put your money 💰 where your mouth is! I’m over these rich folk, and their suggestions!
Mark Cuban should start mailing that out today.
This would cost $1.3 trillion
Thanks mcuban. Glad to see you’re helping out. I’m a fellow Hoosier myself. Should I DM you my address?
I just dropped $500 for PS5 and $1,500 for Nvidia RTX 3090. I approve this message.
$1,000 per month? Cuban is worth $4.2B. So his fortune would equal 4,200,000 x $1,000 checks or enough to provide 175,000 households with $2,000 per month for an entire year. Unfortunately, 175,000 is only 1/10 of 1 percent of the 120,000,000 households in the US.
Is he gonna donate or just wishful thinking to send us further in debt?
DemsWear I wish Mark was my uncle.
fact72based $1,000 is an insult. Give us all 10 grand.
yes
U have a choice GOP SenateGOP HouseGOP senatemajldr GOPLeader No new stimulus checks = more evictions, foreclosures, & likely deaths. UBI $2k/month means just the opposite - mortgages & back rent get paid, consumer spending up, small biz recovery U will be heroes
Yes, we need help.
Wouldn’t that cut into the tremendous tax cuts for the wealthy?
Mark Cuban For President
I would love to have an extra 2k added to my disability checks each month.
That's not even enough to get out of nose bleed section for a Maverick's game.
$500 per week in New York is like $1...
He can afford to do it himself especially if he lined up some pals. I could sure use the money.
Hey mcuban how about you send some out? Or get your billionaire buddies to help.
Hey if mcuban is writing checks, OK sure!!!
Why are y’all acting like unemployment is 20%? It’s literally ≈6% we were at 6% under Obama and people were celebrating lmao
We shouldn't pretend we can conduct biz as usual. Those who can't afford to pay bills should have moratoriums on mortgages, rent, car payments, credit card payments, etc for 1 year or until economy stabilizes. Whatever $$ is given should be for food, transportation, necessities.
emr3857gmail
Since Republicans will never do anything to help people, Cuban should do that all by himself. It's easy to proclaim ideas that everyone knows will never work.
I live in Dallas. Could Mark just bring me $1000 to get through THIS month? I can meet him at his house.
I volunteer as tribute
He has the money, he should pay for it.
Maybe he can start it off 😂
Where does he think we get this money from? Does he understand inflation? Only way this works w/o completely crashing th economy, is to abolish the Fed & revert back to the gold standard, thereby eliminating all debts to the evil central banks. So if that's the plan, I'm in.
Sounds good if Mr. Cuban doesn't mind footing the $ bill out of his pocket. I'm on board.
Exactly. It’s our money. It should be used by us as we see fit in a time of crisis not given to the wealthy and corporations to keep the stock market afloat.
...and thank god his he’s not in politics because that’s the worst idea EVER.
From Him?
Pastor_AnnaNeal Well he could probably do it himself, atleast once.
Then start writing the checks! You have the money‼️
Something needs to be done mcuban - if people are not working, they're not spending money, and the economy will go further into recession. I see cars lined up for food at churches. All the while prices at the grocery stores have gone up.
Does he do this for his employees?
sammynick Agreed.
Mark, do we DM you our direct deposit info directly?
what would mcuban do with an extra $2K a month? 🤔
Mark Cuban should write personal check if he wants to burn through money, instead of contributing to the financial collapse of the nation.
If Congress will not help us ,then they do not get paid! Push this out. Congress does not get paid!
Pay it in Debit Card!!!! Only way we can help people. AND make sure the money goes back into the economy to stimulate it (and save more jobs)
susanengel14 I disagree. Where I am we have help wanted signs. Houses sell as soon as they are listed. Building materials prices are skyrocketing, and are in short supply. Golf courses are doing record business. Even restaurants are busy. We don't need a shotgun approach.
Absolutely
Is he going to contribute?
ALL? NO! This will hurt more than it will help by catapulting inflation. Just like getting a bonus instead of a raise, but WORSE. You get a bonus but the value of those dollars instantly shrink. Bad idea!
Shit at this point anything!
It should go until at least half of America has gotten a vaccine. Make the selfish greedy hoarders do the right thing and vaccinate the people so they can go back to their empty lives of hoarding.
Just print more money and kill the economy with inflation and dissolve dollar's value. 'Brilliant'...
People who get unemployment should not get extra $. I have friends who got $4000 a month. It’s crazy! I am a freelancer and for nothing.
Did he miss' basic economics' class during his bar-rally in college ?
Be like Canada and make it 6 months. Oh and $2k per individual.
And then what?
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