Here, we're discussing a different paradigm: interest-free money vs free money. The issue is that interest-free money has little to no use for individuals. They can't put that interest-free money into an existing business and reap the returns. That's why most people just use that "interest-free" money for stocks (margin trading) and even then it wasn't fully interest-free.
The fundamental issue is how to give individuals interest-free money and have them see returns. Maybe using that money toward job training, or starting incubators that find small businesses and infuse them with money, mentorship, etc.
Tax-breaks doesn't mean giving money to businesses, they mean taking less money from businesses.
At least giving money directly to poor people is spent on things that can grow local economies. It is not perfect, but a lot more “stimulating” than giving money to institutions, corporations and rich people.
[1]: https://fortune.com/2023/03/20/is-federal-reserve-too-powerf...
What's the mechanism? A big loan is a big risk. With a big risk you can have either a big reward or a big failure. Smaller loans, smaller risks, smaller rewards and smaller failures. It's proportional. Why do you think of wealth redistribution?
Big risk are if you use that big loan to start a new business, but not if you dump it all on stocks and desirable real estate in hot or future hot areas.
Buying real estate seems sound only because real estate has some good returns last years. But real estate can go down real fast like in 2008.
Many people gambled money, be it stock, real estate, crypto. Some got very rich, some didn't, some went bankrupt, some will.
I don't believe in speculation and gambling. The market can always can catch you on the wrong foot.
I believe in hard work, well invested thoughts and patience. The results might not spectacular but I rather construct my future than gamble it.
For every new billionaire who got lucky there are 100 new beggars who had bad luck.
You tried the wrong thing. You shouldn't hand money without conditions. Instead of letting speculative assets grow, you should only let productive bussineses borrow money with low interests. Businesses which produce tangible goods and are creating jobs.
We tried that. It all went into real estate and stocks and gave birth to a massive scam industry involving crypto and other get rich quick schemes.
The average joe didn't see much trickle down to him unless he was already invested in real estate or stocks.
Giving away free money without any strings attached to individuals or corporations is a bad idea as they both can be extremely reckless.