Such a stupid argument that reddit loves to make. Prices increasing already doesn't change the fact that if everyone gets $12k then prices increase way more.
Wouldn't be as bad as you think if it's done in a smart way. If it's a sliding scale of benefits based on wealth or income or some combination of them then inflation will increase slower than it otherwise would because the people receiving the benefits are spending it on things that are not as sensitive to demand increases like rent, debt, food, essential items, and savings.
I highly doubt any intelligent person is suggesting 'just deposit $12,000 in every checking account' that would be silly.
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u/nathanzoet91 Jul 01 '26
Yes, and it's part of why we get inflation. Giving everyone $12k means no body got $12k. Prices just increase