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by gentleman11 2307 days ago
Years ago in Canada, one province decided to mail $500 cheques to every adult in the province as an economic stimulus after they had an oil and gas surplus. Apparently it helped a lot

And it wasn’t just middle class, but lower too...

2 comments

Australia did this in 2008, part of the reason we avoided a recession. Parts of China have started doing the same for coronavirus.
Alaska's been doing this since the 1980s.

https://en.wikipedia.org/wiki/Alaska_Permanent_Fund

I prefer Norway's approach of saving (to the tune of nearly $200k per citizen!) for a rainy day.

https://en.wikipedia.org/wiki/Government_Pension_Fund_of_Nor...