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Scott Santens

๐Ÿ‘ค Speaker
527 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
Scott Santens on UBI vs Stimulus Checks

The Democratic plan in the House that was proposed by Tim Ryan and Ro Khanna

SaaS Interviews with CEOs, Startups, Founders
Scott Santens on UBI vs Stimulus Checks

and also the new Senate plan that you just mentioned earlier, those plans are actually means-tested plans.

SaaS Interviews with CEOs, Startups, Founders
Scott Santens on UBI vs Stimulus Checks

So the one that was the Senate side that was announced today, that actually starts...

SaaS Interviews with CEOs, Startups, Founders
Scott Santens on UBI vs Stimulus Checks

disappearing called clawback it starts being clawed back at a hundred thousand dollars per um single and two hundred thousand dollars per couple at a ten percent clawback rate so that means that after a hundred twenty thousand dollars or at a hundred ten thousand dollars you're earning uh you're getting a thousand dollars per month instead of two thousand dollars per month and at a hundred twenty thousand dollars you're getting zero

SaaS Interviews with CEOs, Startups, Founders
Scott Santens on UBI vs Stimulus Checks

and everyone earning over $120,000 gets zero.

SaaS Interviews with CEOs, Startups, Founders
Scott Santens on UBI vs Stimulus Checks

And I think it's really important that we have a fully universal amount, especially right now, because of this not-knowing

SaaS Interviews with CEOs, Startups, Founders
Scott Santens on UBI vs Stimulus Checks

the situations that people are in.

SaaS Interviews with CEOs, Startups, Founders
Scott Santens on UBI vs Stimulus Checks

So these plans say that they should go to people earning less than $120,000.

SaaS Interviews with CEOs, Startups, Founders
Scott Santens on UBI vs Stimulus Checks

And so, yeah, that sounds good, but you don't actually know that.

SaaS Interviews with CEOs, Startups, Founders
Scott Santens on UBI vs Stimulus Checks

What you're doing is you're basing it off of what people filed in 2019 or 2018, just like the stimulus checks were.

SaaS Interviews with CEOs, Startups, Founders
Scott Santens on UBI vs Stimulus Checks

where you are essentially assumed to be in the same position that you were previously.

SaaS Interviews with CEOs, Startups, Founders
Scott Santens on UBI vs Stimulus Checks

So if you, if you were earning $121,000 and that was your adjustable adjusted gross income in 2019, and you could be in a situation where your income just dropped to zero, you don't have anything now.

SaaS Interviews with CEOs, Startups, Founders
Scott Santens on UBI vs Stimulus Checks

And maybe you're in a position too, where you actually don't even qualify for unemployment income.

SaaS Interviews with CEOs, Startups, Founders
Scott Santens on UBI vs Stimulus Checks

because maybe you're self-employed, and maybe even though it's supposed to go to you, maybe it hasn't.

SaaS Interviews with CEOs, Startups, Founders
Scott Santens on UBI vs Stimulus Checks

So you've fallen through the cracks.

SaaS Interviews with CEOs, Startups, Founders
Scott Santens on UBI vs Stimulus Checks

And so we have to make sure that we avoid people falling through the cracks.

SaaS Interviews with CEOs, Startups, Founders
Scott Santens on UBI vs Stimulus Checks

That's what universality does.

SaaS Interviews with CEOs, Startups, Founders
Scott Santens on UBI vs Stimulus Checks

And then it would just make more sense to say, look,

SaaS Interviews with CEOs, Startups, Founders
Scott Santens on UBI vs Stimulus Checks

If we want to exclude those earning over $120,000, then let's just say that come taxes next year, then we apply a higher rate to those earning $120,000 that would claw back what they essentially got this year.