2 ms·
From my perspective, the truism of > we can't make everybody rich by sending everyone a $10M check isn't so self-evident. A lot of policy and draft legislati
by khaki54 5y ago
From my perspective, the truism of
> we can't make everybody rich by sending everyone a $10M check
isn't so self-evident. A lot of policy and draft legislation is just a watered-down version of this with more steps.
What if we...
- just send unemployed $23.4K check (CARES act $600/wk unemployment kicker)
- just send most people a $3.2K check (stimulus)
- just send everyone an average of $42K check (overall covid relief)
- just send those with unpaid student loans a $20K - $400K check (college debt cancellation idea)
- just send those with distressed mortgages an average of a $150K check (2008 mortgage crisis)
There are many more of these that seems to have no strategic value or incentivize the opposite behavior that we need at the time.
It's also probably a safe assumption that the money generally finds its way to the wrong people considering the $5T in billionaire wealth growth during the pandemic, or record executive bonuses during the mortgage crisis.