Re:How do cash transfers impact the people who don’t receive...
by scarface74 on Monday August 22, 2022 @09:27PM
(#32559483)
This is common sense.
When the government was handing out money indiscriminately to everyone right after Covid, we just put the money in the bank. That helped us. But it didn’t stimulate the economy. When they gave the same amount of money to some people we knew that lost their jobs, they spent it on necessities - helping the economy.
Giving money to people who will spend it obviously helps everyone. But there have been plenty of studies showing that people will hurt themselves financially even if it will help other people. Especially if it helps “them”.
When the government was handing out money indiscriminately to everyone right after Covid, we just put the money in the bank. That helped us. But it didn’t stimulate the economy. When they gave the same amount of money to some people we knew that lost their jobs, they spent it on necessities - helping the economy.
Giving money to people who will spend it obviously helps everyone. But there have been plenty of studies showing that people will hurt themselves financially even if it will help other people. Especially if it helps “them”.