• Dejected Warp Core@lemmy.world
    link
    fedilink
    arrow-up
    5
    arrow-down
    2
    ·
    5 hours ago

    What good would giving 250 million people each $640 do?

    You say that, but something a lot like that already happened: https://en.wikipedia.org/wiki/Economic_Stimulus_Act_of_2008

    Most taxpayers below the income limit received a rebate of at least $300 per person ($600 for married couples filing jointly). Eligible taxpayers received, along with their individual payment, $300 per dependent child under the age of 17. The payment was equal to the payer’s net income tax liability, but could not exceed $600 (for a single person) or $1200 (married couple filing jointly)

    Most everyone I knew spent it on HDTVs. Economic stimulus indeed.

    • Abyssian@lemmy.world
      link
      fedilink
      arrow-up
      9
      ·
      5 hours ago

      You think I don’t rem… oh Christ, it was 18 years ago? There really are people here who wouldn’t remember it.

      Yes. I know. I’m sort of surprised anyone could read my post and not see all the sarcasm. I do not really believe that spending money on food or rent is wasting it. It’s needing to use that money in order to keep living. Companies getting it all to make the rich richer and buy yachts and new faces is not something I actually consider to be better.