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so apparently trump just said that all americans are getting a 1,000$ check.
I think ill use it to buy a hand gun or get an AK-47 just so I can demonstrate to the liberals the virtues of a UBI :)
It's kind of strange how people treat windfalls differently from their usual income. Someone gets his tax return and feels an impulse to blow it on unnecessary toys (there's a whole sale season dedicated to this). But if he just gets a raise he'll increase his contribution to his retirement plan instead.
It might be better for Americans' financial health for the president to cut them twenty bucks every week for a year.
@khird Thats actually kinda fair... BUT the flip side is americans really suck at saving any quantity.. most ameiricans wont ever let their savings get past a few hundred if they do they just increase spending.. So 20$ every week wont cover your car repairs but that same money given all at once would, presuming their car happens to be broken at the time they get the money.
@khird That really doesnt change the equation much.. When I say "most people only keep a few hundred in the bank" I should have been more specific and said "most people keep only a few hundred in the bank and have maxed out all their credit cards"... Most americans arent putting it on their credit cards because they have no credit left.
@freemo I think your typical American doesn't come up against a car repair bill and ask himself, "Do I have enough saved to pay this?"
Instead, the question is, "Which credit card should I put this on?"
The twenty a month won't be saved for future car repairs, true - but in the more common case of someone trying to pay off a prior repair, the money can still be used for the same purpose.