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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You did a good job justifying to yourself that spending the money on yourself if you have not been impacted is the best use of the funds. Yes, if you spend it on yourself, it will provide stimulus to the economy. However, if you gave the money to those that have been laid off or in more need, I have a suspicion that they will also spend the money to help the economy. Then if you spend your existing funds on your needs, then you really will provide additional stimulus into the economy. Win-Win.
BTW, the recovery will be longer than most are estimating so you are fooling yourself if you think that those that have lost their jobs will be remotely made whole by the extended unemployment funds. The majority of us Villagers should count our blessings.