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Everyone got a relatively small amount of money for free. It was nowhere near the amount that would be necessary to cause this amount of inflation.
by mrtranscendence 4y ago
Everyone got a relatively small amount of money for free. It was nowhere near the amount that would be necessary to cause this amount of inflation.
- Auracle 4y agoPlenty of people got a lot more than the usual stimulus checks. People with multiple kids got quite a bit. I’m a photographer and was able to collect unemployment on weeks I didn’t make enough, or spent enough on expenses to offset my profits. That means all of my usual expenses during that period were paid for (unless I made nothing or too much that week), plus a lot of weeks it made sense for me to get new equipment. In many states, people on the low end of the earning scale made more through unemployment than they did working. I have two friends with small businesses that had a hard time getting people to come back to work for that reason.
- fundad 4y agoNow multiply that by every large corporation with their tax cuts since 2017. At least a lot of the money was borrowed at very low interest rates (from ourselves).