Is giving every American the same amount of taxpayer dollars a regressive tax?
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Feel free to reply to any comment by clicking the "Reply" button.By definition, giving people money is not a tax. If you TOOK $1,000 from every person it would be regressive, because it would disproportionately hurt lower income people. Conversely, GIVING $1,000 to everyone would be a progressive giveaway because it would disproportionately help lower income people. $1,000 to someone earning $20,000/year is a 5% boost. That same $1,000 given to someone earning $200,000 is a 1/2 percent boost.
Bobbyzen
Level 8
Mar 17, 2020
0
What's going to happen when a lot of homeless or displaced people, who don't often see $100 all at one time, each get $1000? What about those in active addiction?
@CallMeDave Um, dunno Dave. Maybe some of them will eat.
No it's economic stimulus and it mitigates some of the income loss that people suffer from practicing social distancing.
RoboGraham
Level 8
Mar 17, 2020
0
it's only economic stimulus when done or suggested by someone on the right. if the originator is on the left then it is socialism and will surely lead to the death and destruction of all mankind.
We could call it temporary socialism.
They intend to give aid to the common people for a short duration in order to keep the buying power of the working class strong enough to prevent corporations from missing out on too much profit.
When republicans are helping working people, there is an ulterior motive behind it and in this case, it is to protect the profits of their wealthy donors.
@RoboGraham No shit. It is also to prevent mass crime by the unemployed as well as riots or rebellion. Just enough to keep the lid on for a while...
Exactly
It's the same reason the Romans handed out the bread dole. Desperate, hungry, angry poor people are dangerous.
@RoboGraham Too bad the fools settle for the bread dole these days and either vote for Biden or don't vote at all.
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