4 ms·
This is not correct. There were a multitude of payments given out besides stimulus. The CARES act alone gave $600/week of federal money for 17 weeks, totaling a
by newfriend 4y ago
This is not correct. There were a multitude of payments given out besides stimulus. The CARES act alone gave $600/week of federal money for 17 weeks, totaling almost 11k. You are vastly underestimating the amount of aid given for unemployment. It's been so widely known that it's become a meme: the unemployed person making more money playing xbox than they did when they had to work.
[1] https://taxfoundation.org/total-covid-relief-unemployment-insurance/ https://taxfoundation.org/total-covid-relief-unemployment-in...
[2] https://twitter.com/MarcGoldwein/status/1371277417600454658 https://twitter.com/MarcGoldwein/status/1371277417600454658
- NineStarPoint 4y agoI wasn’t just talking about the stimulus checks. 2 trillion is the entirety of extra money spent by the federal government on individuals over the course of the various pandemic bills. (There was another 2.5-3 trillion of spending, but that was spent on other interest groups such as businesses and medical providers) You’re right that the maximum amount of money an individual could have received from the government is quite high. But for every household that received more than the 13k I stated above, other households received proportionally less. (Which is to say while undoubtably some people lived the meme you mentioned, the vast majority of people weren’t given that much money) Plus it doesn’t change the main point that the spending stopped in Sept 2021. We’re two months off from it having been a year since extra unemployment benefits were a factor.