Author Topic: The Joe Biden Thread  (Read 6720 times)

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Offline segnosaur

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Re: The Joe Biden Thread
« Reply #750 on: March 08, 2021, 02:26:14 pm »
If the purpose of the cheques is to stimulate the economy, menaing you want people to spend that cash, you'd want to target it as broadly as possible.
Money is not in infinite resource. As such, decisions have to be made.

Individuals who are earning more than twice the average are less likely to spend any unexpected cash... instead, they are more likely to save/invest it. While that might provide a small benefit, it is less optimal that either increasing payments to the less wealthy, or investing in infrastructure. (And the Covid relief bill did transfer funds to other levels of government to help with infrastructure.)

If the purpose is to help those most in need, then a one-time $1,400 cheque isn't going to make a big difference in the long run.
There are a lot of people who are experiencing temporary shortfalls directly related to Covid... (loss of employment hours, unexpected expenses).. often problems that will go away in a few months once things start to get back to normal.

For those people, a $1400 check will make a difference.
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