This is why when we got those few payments during corona lockdowns, people were talking about if it would "stimulate the economy" (the same discussion is had about the idea of a Universal Basic Income). And the answer is, if you give the money to poor people it will stimulate the economy because we have needs to spend it on. We'll buy groceries or clothes or pay our bills or whatever that we need, so the money will circulate. But if you give it to people who already have what they need, they'll stuff it in a savings account or something and the money won't circulate.
So all the people who are worried about "the economy" should also be on the side of lifting up poor people to get their needs met!
You are viewing a single comment's thread from:
This is definitely true. The poor ones should be cared for more than those who already had because they will make it lie in their savings when there are people that need it to settle bills and help live a satisfying life for a while. Thank you ma for your contribution.