Comment Re:The Fine Details (Score 1) 140
$990B divided by 200M people is a whopping $4950 each. Don't spend it all in one place.
The point is that they spend it. When money is spent, it doesn't evaporate. It induces work. That work produces value. Then the money is spent again, and again, until it winds up in the pockets of the rich. The rich are sitting on historically unprecedented cash reserves, and interest rates are high so people aren't borrowing it from the banks where the funds are held. Therefore the money is just sitting around doing nothing, and not inducing any work. The proposal is to pry this money out of the coffers of the rich and put it back into the economy where it induces more work to be done. Isn't that what you love? Why would you be against more work being done? The money will only get spent about five times before the rich get it back again, which is the other thing you seem to love, so you get everything you want.