NBA owner and billionaire Mark Cuban has a familiar idea on how to help out the economy amid the coronavirus pandemic. Echoing his plan from May, Cuban suggested every American household receive a $1,000 stimulus check every two weeks for the next two months.
“Those without [help] are struggling badly,” he told CNBC Make It. “We need to get them help.”
Cuban said that each stimulus check should be spent within 10 days or else consumers would lose the money. Having 10 days to spend the check would encourage people to spend their checks rather than save.
“I don’t care what they spend it on,” Cuban told KNX 1070 News Radio back in May. “It could be candy, it could be rent, it could be their mortgage, it could be anything they deem necessary or that they want.”
Of course, Congress is at an impasse when it comes to a new stimulus deal and millions of Americans are hurting amid the coronavirus pandemic.
The coronavirus mainly comes from animals and a majority of those who were infected early either worked at or frequently visited the Huanan seafood wholesale market in Wuhan, according to The Guardian. The virus is similar to Severe acute respiratory syndrome (Sars) and Middle Eastern respiratory syndrome (Mers).
The Wuhan coronavirus is transmitted from person to person through “droplet transmission.” That means an infected person can pass the virus by sneezing or coughing on another person as well as by direct contact.
While a majority of the cases have been detected in the United States and China — with more than 6.92 million confirmed cases and 201,000 deaths in the United States — it has now reached many countries around the world. It has also been confirmed in Italy, Australia, Canada, France, Germany, and many other eastern countries.