Proposal: Give most every American $50,000 in 2014Submitted by aaronday on Sat, 07/06/2013 - 15:04
Proposal: The US government should issue a check for $50,000 to every American making an annual income of $500,000 or less next year.
Would this be a bad thing resulting in any harm?
What would be the harm?
Would it not be consistent with Keynesian theory? If we need liquidity why not inject it straight to the people? Why give it to the banks and Wall Street first? What is the government's and/or Fed's answer to this question?
This cash would allow most American to pay off debt, improve their homes, start a business, go on vacation, eat for a year...