I think the dividend idea is foolish at best and will spike mass inflation during a contraction of available jobs.
It will hurt the country on a whole much greater than it will help individuals.
I believe the saved money should be used to balance the budget and pay down debt.
When covid unleashed 3 rounds of 1.9 trillion-dollar giveaways it sparked 9% inflation and supply shortages due to increased demand pressures on everything from food to lumber, food up 150% and lumber, steel etc. doubled. These price hikes will never go down and are here to stay, further devaluing the buying power of the dollar
Unleashing another round of fiat currency injection will do much more harm than good.
I think the genius is the fact that it will stimulate the economy without having to print money or go further into debt. It will give people a sense of security they have not had in decades and it will allow some of us hard working lower middle class citizens the ability to do some needed repairs and upgrades. Much better than just taking over 50% of everything I work my ass off for and hoping to see $1000/ mo social security when I retire. I can invest $5k per year myself and have a much better payout than what social security would give!
I think the dividend idea is foolish at best and will spike mass inflation during a contraction of available jobs.
It will hurt the country on a whole much greater than it will help individuals.
I believe the saved money should be used to balance the budget and pay down debt.
When covid unleashed 3 rounds of 1.9 trillion-dollar giveaways it sparked 9% inflation and supply shortages due to increased demand pressures on everything from food to lumber, food up 150% and lumber, steel etc. doubled. These price hikes will never go down and are here to stay, further devaluing the buying power of the dollar
Unleashing another round of fiat currency injection will do much more harm than good.
"I think the dividend idea is foolish at best "
...simply trial balloon p.r. rhetoric...
...low probability of occuring...
...carry on...
I think the genius is the fact that it will stimulate the economy without having to print money or go further into debt. It will give people a sense of security they have not had in decades and it will allow some of us hard working lower middle class citizens the ability to do some needed repairs and upgrades. Much better than just taking over 50% of everything I work my ass off for and hoping to see $1000/ mo social security when I retire. I can invest $5k per year myself and have a much better payout than what social security would give!
" I can invest $5k per year myself"
...this is a one off deal...
Just making a point that if one was to save and invest 5k per year for 20 years they would have a greater return than that of social security.
"Just making a point "
...consider it made...
...carry on...