Reply to Fairfax county pilot program to give 750 a month to low income families

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Reply to "Fairfax county pilot program to give 750 a month to low income families"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]What a dumb idea.   Must be election time soon. Let’s buy all the votes we can.  [/quote]

It's only 180 families  :roll: [/quote]

For now. The program will be declared a success at some point, and the county will attempt to scale it up. [b]The problem with programs like these is that they never work at scale.[/b] You begin to see macroeconomic effects such as overall price inflation or reduced wages because the government will "make up the rest." [/quote]

Who needs data when you already have all the answers! :roll: [/quote]

This program is novel in any way. Fairfax County is not breaking new ground here. And to see the effects of free money, just look at inflation over the past two years. It's not corporate price gouging unless you also believe lowered inflation is corporate benevolence which is unlikely to exist.[/quote]

Yes, inflation over the past few years has totally been caused by low-income people having some extra money to spend on improving their lives. Wait, no, actually, that isn't what happened.[/quote]

Yes it is.  The govt handed out trillions of dollars and the federal reserve blew up its balance sheet to print money to pay for it all. [/quote]

And what proportion of those trillions of dollars went directly to low-income families?[/quote]

Most of it, actually:

https://www.cbsnews.com/news/covid-relief-bill-beneficiary-low-middle-class-households/

https://taxfoundation.org/data/all/federal/economic-impact-payments-irs-data/

[/quote]

Did you read the whole article you posted, or just the headline?[/quote]

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