Quote:
Originally Posted by Dr Winston O Boogie jr
There are two purposes for stimulus checks. One is to help those that need help. The second purpose and the reason that it's called a stimulus is that the hope is that those that don't need the money will splurge on something thereby giving businesses an added boost.
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It is a known economic principle that stimulus money given to any higher-income folks often is NOT spent! That money has less "velocity" or good effect on the economy. It is put into savings accounts or gold or some other non-productive-to-the-economy holding place.