AOC: Send Everybody a Check - If They Don't Need It We'll Take It Back Next Year
AOC Announces Stimulus Check Plan You Won't Believe - Dumbest Plan Possible
By C. Douglas Golden
Published March 23, 2020 at 1:56pm
There are several different ways politicians in Washington think that the economy can be effectively jumpstarted in the midst of the coronavirus pandemic. Republicans believe the best way is to send one-time stimulus checks to every American. The Democrats, on the other hand, believe that expanding unemployment benefits is the best way to do it.
And then theres a third way, exemplified by Democratic Rep. Alexandria Ocasio-Cortez of New York. She wants to give everyone a check. However, if you dont need it, she wants to take it back next year.
This sounds reasonable enough until, and I do suggest you do this before you say something, you think about it.
Ocasio-Cortez made the remark on CNNs State of the Union on Sunday, according to The Hill, telling Jake Tapper she was very supportive of a plan by the House Financial Services Committee which would give every American $2,000 for every individual along with $1,000 for every child.
Most of the interview dealt with stuff like stopping rent and mortgage payments (When youre able to stop the money going out, then that money that you do give goes a much longer way, she said) or the usual eye-rolling call-backs to her time tending bar (All I can think about is what I would have done just two or three years ago).
However, when it came to her plan regarding the checks, namely the protests over higher-income people getting them, her response was
She thought that the checks should be universal, with a bit of a caveat.
I hear the argument of people saying, Why you are going to give a check to Bill Gates? she said.
Instead, she says, we can solve this problem next year.
One of the things that were saying is tax it back a year from now so you dont have to worry about a big, complicated, bureaucratic means test upfront. Mail them all out to everybody, and lets get it back from the folks who dont need it next year, she added.
The interview probably made more news for Ocasio-Cortezs factually inaccurate claim that President Trump called the COVID-19 pandemic a hoax, but this actually wasnt a major surprise, given how she rolls.
Instead, the major surprise should have been that this is how an economics major from a serious university thought this was a good idea.
Heres how she wants to do this. First, you send everyone checks. Then, next year, if they were rich enough, you take that money back.
Now, theres no cutoff for this if its just Bill Gates-rich people, I dont think were going to be getting much money back. If its less-wealthy people, well, then youre going to get a lot of money back, but youre also going to have a lot of people who arent going to spend the money because they know theyll just have to pay it back anyway, which means we dont get any benefit from it.
Well, no harm, no foul, right? Not precisely. In case the COVID-19 outbreak has made you lose track of time, place and our countrys situation, were not spending this money from a massive reserve of cash were sitting on.
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Stupid is as stupid does.