In Nevada, rental assistance for low income renters and struggling businesses strained – to say the least
Due to postponed rent payments to home and business landlords caused by the Corona Virus, another economic disaster is looming for thousands of Nevada families and small businesses. Not long ago, most Americans received one-time government checks for $1,200 to help struggling families. But by now that money is long gone. And because Nevada’s economy is still far from healthy, hunger and homelessness are beginning to rear their merciless heads. In September landlords will be given permission to evict a flood of families who will find themselves pushing shopping carts on the streets – by the hundreds of thousands – if the federal government doesn’t step in and issue another series of “rescue checks” to all Americans as it did earlier in the summer.
The state of Nevada has received $50 million dollars in federal “rent assistance” funds for struggling Nevada families. But offering just $50 million is like using a squirt gun to put out a raging fire. State officials admit the money won’t go far but they’re going to ensure that the most needy are given some form of priority. But arithmetic being arithmetic, the money will be distributed and spent, leaving Nevada back on square one. The same will be happening in all 50 states.
The situation begs a more systematic aid program which can only be directed by Washington DC. That’s where American money is printed. Guaranteed income for all low to lower middle class families, along with rigid market price controls, appears to be the only way out of our vicious, relentless Covid-19 disaster.