3 ms·
The US government is very capable of handing out $1200 checks to everyone as we have seen. It is also extremely popular with the people. I mean I guess the only
by redisman 6y ago
The US government is very capable of handing out $1200 checks to everyone as we have seen. It is also extremely popular with the people. I mean I guess the only impediment is courageous politicians but that might be a large obstacle.
I wonder if they gave out the $1200 checks every year and funded it by taxing the top brackets, that would cause a large surge in consumer spending (mostly on essentials but also on luxury goods as you go up the income bracket).
- mdorazio 6y agoI think you inadvertently pointed out the whole problem. The US government will hand out checks in emergencies, funded by debt, but won't actually increase taxes on top brackets in a meaningful way. So you end up with wealth redistribution being a non-starter.