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It really wasn't giant. It was less than the average cost of one month of rent in most locations
by sam0x17 4y ago
It really wasn't giant. It was less than the average cost of one month of rent in most locations
- hn_throwaway_99 4y agoBS, especially since the 3-time IRS checks were just one small part of the stimulus. The enhanced unemployment lasted for months, and the increased amount alone was more than many people's regular paychecks.
- calculatte 4y agoAnd that's one of the reasons supply chain issues continue today as well as the record inflation.
- sam0x17 4y agoFor middle-class workers who didn't lose their job it's as I said, just a little bit less than one month's rent. Definitely not enough to compensate for increased cost of living and inflation across the board, especially now.
- shadowgovt 4y agoPrecisely. I'm trying to imagine how one would have implemented something similar atop the cryptocurrencies I'm familiar with and coming up empty. Stabilizing an economy when a national quarantine had shut down production and trade is one of those challenges that's much easier to solve in a centralized fashion.
- salawat 4y agoCorrect. When you are poor, a one time check does nothing. Your issue is lack of cash flow. You want to talk really uplifting those in poverty, we need to talk stipend.