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by r00fus
1355 days ago
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> This is effectively a forced wealth re-distribution, which I think raises ethical questions. Regressive tax structure (which happens when enough wealthy find ways to shelter their tax outlay) is already wealth redistribution but in the other way. This is an attempt to spur the economy by giving money to those most likely to spend it. Also it's an election year. |
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Yes, that's why people are pointing out that this is inflationary. The economy is already running really hot. This is demand side stimulus when consumer demand is already very high relative to the availability of goods and services.