Hey @jrcornel:
Here I go doing some math. :)
If we're not talking millionaires (or their spouses and children, if any), and supposing a 2.5 per household average across the board (didn't check for sure but it's been that range within the last five years), of the 327 million plus living in the U.S., 239.5 men, women and children would receive a check.
At $4,500 a pop, that's a ginormous $1.07775 trillion.
Nice to have if it were truly free money and didn't come with some hefty strings attached, as in, who's going to ultimately pay for it? The same folks getting it, you and me, except we'll also owe for kids, many of which aren't of working age and won't be for quite a while. :)
I did some similar numbers the other day, but overestimating using just the basic population figure with no exceptions for millionaires and the like.
A trillion dollars is a lot of money, but the government dropped that in the last few week on the stock market.
It seems nice to me to see money actually going into the hands of the people rather than an abstract economic game for the wealthy.
Hey, @a-non-e-moose.
We might finally find out what they're doing here today or tomorrow, since they're supposed to be getting closer to a deal.
If such a deal is going to be done, it would seem to be better for it to get into the hands of those who need it most, the every day worker and consumer.
That still doesn't mean it's going to be free. We're just going to be in more debt that we can't possibly pay back if it's ever called due, and relying on the fact that it will never be called seems a little tenuous given the state of the world now, and where it could be moving forward.
Exactly. They will deposit it into banks and with fractional reserve lending that 1 trillion balloons into 9 trillion for the banks. Funny how that works.
Hey, @sepracore.
The one $1,000 amount I guess Trump, his administration or Senator Romney (one of them) has proposed would be a little under $250 billion, and just come to adults in a household. Not sure if $1,000 does a whole lot, though. You reach the point of diminishing returns in either direction, up or down. :)