Politics - News Analysis
Billionaire Steve Mnuchin Says Americans Really Don’t Need That Extra $600/Week in Unemployment Benefits
Ugh, this man.
Treasury Secretary Steve Mnuchin threw cold water on the prospect of extending $600-per-week unemployment benefits for Americans for the duration of the COVID-19 pandemic.
In an interview with ABC’s “This Week,” Mnuchin suggested that the payments, which expired on July 31st, led to some out-of-work Americans being “overpaid” and indicated that he believed they were slowing the return of workers to the labor market. That old, “we are paying them to stay home” opinion that so many Republicans seem to have.
“Unemployment is supposed to be wage replacement, so it should be tied to some percentage of wages,” he said. “The fact that we had a flat number was only an issue of an emergency where we had 30-year-old computer systems.”
“I think on the concept we absolutely agree on enhanced unemployment,” Mnuchin continued. “We want to fix the issue where in some cases people are overpaid, and we want to make sure there’s the right incentives to get back to work.”
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“In certain cases where we’re paying people more to stay home than to work, that’s created issues in the entire economy,” he added.
Democrats rejected a short-term stimulus deal from Mnuchin and White House chief of staff Mark Meadows last Thursday. The exact provisions of that package were not made public but included a temporary extension of unemployment benefits, according to Meadows.
Treasury Secretary Mnuchin tells @MarthaRaddatz “there’s no question” that $600 unemployment insurance is a disincentive to find a job in “some cases.”
“There are cases where people are overpaid,” he adds when pressed about study refuting his argument. https://t.co/HNQgCe39RN pic.twitter.com/1zceOdxULW
— This Week (@ThisWeekABC) August 2, 2020
Now remember, Steve Mnuchin is one VERY RICH man. He’s married to a Scottish actress and most of her shoes probably cost ore than $600. Mnuchin is so terribly out of touch it’s sickening. Mnuchin’s net worth is about $400 million, according to a Forbes analysis of public filings.
Mnuchin grew up in a wealthy and well-connected family in New York City, according to The New Yorker. He went to Yale where he was roommates with the former Sears chairman, and new owner, Eddie Lampert, majored in economics and was “tapped” for the secret society Skull and Bones.
Mnuchin has never wanted for anything…ever. He was born rich, and the fact that he thinks $600 is too much for hard working Americans is appalling.
And Twitter seemed to agree:
The very rich Steve Mnuchin dares to get on the Sunday shows to complain $600 in unemployment—in the middle of a deadly pandemic that has taken over 154k American lives & tens of millions of jobs—is a “disincentive” to work.
— Steven Beschloss (@StevenBeschloss) August 2, 2020
Let Steve Mnuchin live on $600 for a month, his bought and paid for wife’s Louise Linton’s weekly phone call she has to answer from him probably cost him $600 a second to speak to her, let alone the millions he has to give her for an annual BJ
— Mayday Mindy🌊 (@maydaymindy9) August 2, 2020
This guy, striking an arrogantly mocking pose with his trophy wife, is worth $400M, but he's got the balls the complain about American people in desperate need getting $600 a week in unemployment during the pandemic.
Fuck you, Steve Mnuchin. pic.twitter.com/3BoUNpA1wv
— It's bigger than black and white (@SethFromThe716) August 2, 2020
Mnuchin was born into wealth and has never, ever had to worry about money. He has no idea what the middle class and poor go through and has zero empathy for those who are suffering now. He says $600 a week is an "overpayment" for some. What a sick, cold POS.@stevenmnuchin1 https://t.co/PRGDChTeHs
— Theresa (@LarkNightengale) August 2, 2020
#Republicans! #$600 a week is too much for you scalawags, you lazy bums! You voted for this insult from #Trump, #Mnuchin & his cronies. They're raking it in…but you? You're overpaid. Better hope the #Democrats win this one or you're sunk. #election2020 #Evangelicals #MAGA #GOP https://t.co/NghIinneQx
— JusticeForAll (@ZenithUpwards) August 2, 2020
Steve Mnuchin is a hedge fund billionaire he has so much money he forgot about $100 million on his vetting form. You can bet he doesn’t give a rats ass about anybody’s $600, mortgage payments, or rent problems. But to your point yes he is a dick. https://t.co/ijCMdJMRMj
— stan p (@stanp87734335) August 2, 2020
Mnuchin & trump's circle of grifter collaborators have no idea how much $600 helps the unemployed. If they knew what is really going on with real people we would all be getting $2000 checks for the next six months which would pump up the economy. But the rich don't get it. https://t.co/xO9wWwaCOm
— Scrabbled (@bruce_jara) August 2, 2020
Steve Mnuchin was raised in a wealthy family, never had to worry about money a day in his life and currently has a net worth of over $300 million while collecting a government paycheck. Yet he thinks if you give unemployed Americans $600/week in today's economy they're "overpaid"
— KJWash (@KerriWash621) August 2, 2020
Mnuchin currently owns 6 properties that average price from $11-31million. Mnuchin thinks $600 is too much for you. Why is he the decision maker? Didn't we elect Reps ? I didn't elect filthy rich Mnuchin
— lpg711 (@lindapg711) August 2, 2020
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