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Politics : View from the Center and Left
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To: koan who wrote (495734)8/1/2022 8:00:53 PM
From: cosmicforce1 Recommendation

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Wharf Rat

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I agree with Alex

What was the context - what were the givens? One given, this is Sky News Australia - Rupert Murdoch's microphone. Why are you promulgating if it is a hack job? My tin foil hat detector says you've been "made a useful idiot".

If I were generous, I'd say this:

In 2021 - people were hurting during COVID but the checks just were sent out nonsensically. There was no underlying theory or principle behind them other than to prevent a crash caused by the sudden shutdown. It could cause economic "water-hammer"..

If the given is people didn't get a raise but got $8k (which is 5% of $160,000) - they were more than made whole. It wasn't sent to those who needed it - it was just a giant surge of cash without any consideration for need or the consequence. Was it good policy? IMHO - NO!!

My two employed live-at-home kids got checks no smaller than the ones my live away daughter who had higher expenses got. It was a give-away Was it needed? I'm not sure - as given. Was it beneficial? It might have CAUSED the inflation spike (ECON 101: More $$$ chasing the same goods) It did help bring some people out of poverty but it was also abused by a lot of Trump-humping sole proprietors.
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