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Government indebted every US taxpayer $18,000+ on the promise of a $1,200 check per person...the remainder is given to the FED to "lend" back to taxpayers and businesses.

In other words, imagine I took $18,000 from you, paid you $1,200 directly from the $18,000, then I loaned you the balance and charged you interest on the the very money I took from you and loaned back to you.

What should have happened is exactly as you say, give the people $18,000 and allow them to spend it or loan it for the benefit of hurting businesses and the economy and allow the taxpayers to make interest.




> Government indebted every US taxpayer $18,000+

You’re confusing monetary and fiscal policy, as well as collateralised loans, asset purchases and grants, in a way that makes the sum meaningless.


Your analogy is only true on average. In reality, most people are not net losers, but some (with high savings) stand to "lose" a lot.


>Your analogy is only true on average.

It is not an analogy it is math and how we commonly reference and understand federal debt. If you look at the US nation debt clock (https://www.usdebtclock.org/) you will notice next to the total national debt is debt per citizen and then debt per taxpayer.

Congress passed a $6T bill, that money is created as a future debt to all citizens, your point is obvious not all citizens are taxpayers, and not all taxpayers will have the same tax burdens (yet as you will notice we still look at tax revenue on a per capita basis also). There is a reason we don't look at the existing nation debt in those terms rather on a per capita basis. Either way none of that has anything to do with how Congress elected to indebt the Country and distribute the funds.


Why do you say that? Because of inflation?


People who didn't have 18000 to begin with didn't lose 18000


But $18,000 in taxes they've paid (or will pay) that should have been spent on roads, schools, hospitals and more social services won't be.

So everyone's life is $18,000 worse off.

Do I have this wrong?


Yes you have this wrong, because taxes are not a flat fee. However, you could argue that the tax money is equally shared across citizens at the time 18000 is taken, but now we're getting into arguing semantics


A Congressman made the same criticism: https://twitter.com/RepThomasMassie/status/12435656548814684...

> 2 trillion divided by 150 million workers is about $13,333.00 per person. That’s much more than the $1,200 per person check authorized by this bill.


But even the Congressman is overlooking the fact that the stimulus bill was $6T, not $2T, the additional $4T went straight to the FED.

Now the Congressman did divide the $2T by 150M to account for workers only; whereas, I divided $6T by 331M (as a rough estimate for total US citizens). Otherwise my number would be closer to $37,000 per US worker (as opposed to $18,000 per citizen)




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