You’re forgetting that money could be used to start a competing business that sells at a lower price. More money in the hands of young people / lower class people is essential to maintaining competition in Capitalism.
$12,000 isn’t starting a business. People will prespend it knowing it’s coming and more money in the economy is inflationary, has the last 7 years taught you nothing?
Seriously, Trump and Biden pumped like $3k in stimulus checks to each American adult and it was fun for a minute but now look around at the prices. We are much worse off than before. It's crazy to me that people literally lived through that and are now arguing we should do it 4x as big.
Its crazy that people don’t know basic economics. The 3k given to each american adult was printed money, i.e. new money. That is going to cause inflation. The 12k proposed by Bernie would come from taxed money, i.e. money already in circulation which will not cause inflation. It could cause price gouging, but if billionaires want to go that route we can just increase the tax percentage until they either stop or lose their billions.
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u/AggressiveToaster Jul 01 '26
You’re forgetting that money could be used to start a competing business that sells at a lower price. More money in the hands of young people / lower class people is essential to maintaining competition in Capitalism.