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This is not economics 101 and it's more nuanced than that. Stimulus checks can make inflation go up, but they can also do nothing. And it's important what type
by chickenpotpie 4y ago
This is not economics 101 and it's more nuanced than that. Stimulus checks can make inflation go up, but they can also do nothing. And it's important what type of inflation it causes, because California is only giving it to lower income citizens. If you quadruple the price of sports cars by giving every low income person a check, you still helped out the most vulnerable people.
- 01100011 4y ago> California is only giving it to lower income citizens. Not last time I checked. I work at a FANG and am definitely not low income yet my wife and I will be getting a few hundred.
- nodesocket 4y agoThanks for dispelling all these myths, the California inflation checks are indeed going out to single and married people with very high annual income. If you don’t think this is to help keep politician’s in office (Gavin) you aren’t paying attention and being naive.
- pkaye 4y agoQuite a few states are doing this btw. https://www.cnet.com/personal-finance/taxes/state-stimulus-checks-2022-who-is-getting-a-payment/ https://www.cnet.com/personal-finance/taxes/state-stimulus-c...