Quote:
Originally Posted by coastalnh
Its amazing to me that so many do not understand the reasoning behind the shecks that we will be receiving. These are not meant for helping those affected by the virus (ie,those that have been laid off). The checks are for SPENDING by everyone with the purpose of stimulating the economy. Hence the name - Stimulus Checks. Those who have lost jobs are being helped by the longer Unemployment Compensation times and upgraded minimum $ amounts.
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That's true IN THEORY, but when they give checks to people who don't need he money, it just ends up in their portfolio. I will be spending the same amount of money whether I get a check or not, so I plan on giving it to people WHO NEED IT---they're the ones that will spend it. In that scenario, it's OK to give it to people who are marginal on their SS alone, since they will spend it as well.