4 ms·

Both were picking the pockets of the majority of the public to enrich a few, and yes, for most people $10k is being enriched.

• triceratops 4y ago
  40% of households (out of 123m) don't pay federal taxes, so it's not their pockets being picked. 22m people have signed up for relief. Maybe you could say "a majority of taxpayers" but even that's not certain, since we don't know the distribution of those people. A lot of those taxpayers are parents of indebted students who may be supporting or housing them due to their children's financial struggles. In any case, 22m people benefiting is far more people than the top 1% who benefited in March 2020. But compare the relative outrage.
  • ch4s3 4y ago
    Having the government debt finance a giveaway to people who do not need assistance if pretty much theft from everyone. As debt service surpasses 9% of the federal budget it will begin to crowd out other spending. Furthermore, piling onto inflationary policies definitely hurt people who don't make enough money to pay federal taxes.
    • triceratops 4y ago
      See my other comment: https://news.ycombinator.com/item?id=33438985 https://news.ycombinator.com/item?id=33438985 Where's all the hate for government assistance for the stock market? That's pretty much the definition of "people who do not need assistance".
      • ch4s3 4y ago
        I agree. The government shouldn't be pumping stocks with negative interest rates.