Quote:
Originally Posted by Sue Doe-Nym
I am trying to be sane and reasonable, BUT....if we want to get everyone back to work as soon as it’s “safe” to do so, why why why would we stimulate the economy by encouraging workers to stay home and collect their govt. sponsored unemployment checks rather than work??? ����
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The $600 is only temporary, and I agree it's odd. Actually, even my son whose income is going up because of this program thinks it's not quite right.
But it's all about stimulating spending--give a poor person $600, and he spends every penny, thus stimulating the economy as that $600 gets spent again and again. Give a well off person an extra $1200, and they put it in the bank, where the effect is indirect at best. Google Multiplier Effect for more info