[stupac2]

I've said this before, sending money out widely has a number of advantages:

1) Means-testing takes time, time we don't have.

2) Means-testing relies on outdated data. If my family made $160k last year but one of both of us are furloughed we're SOL? How is that reasonable?

3) A rationale for sending checks is stimulus, making it so people spend more. Sure someone with millions in the tank probably won't change their spending if they get $1000, but my wife and I sure would and we've been below a lot of thresholds I've seen.

4) If the checks come from the Fed, who cares? It's all magic money. If they come from the treasury then wealthier individuals are going to pay more to pay down the debt whenever it happens. It might not be literally the same people but it'll be close enough.



I just don't see the rationale for means testing right now

[stupac2]

I've said this before, sending money out widely has a number of advantages:

1) Means-testing takes time, time we don't have.

2) Means-testing relies on outdated data. If my family made $160k last year but one of both of us are furloughed we're SOL? How is that reasonable?

3) A rationale for sending checks is stimulus, making it so people spend more. Sure someone with millions in the tank probably won't change their spending if they get $1000, but my wife and I sure would and we've been below a lot of thresholds I've seen.

4) If the checks come from the Fed, who cares? It's all magic money. If they come from the treasury then wealthier individuals are going to pay more to pay down the debt whenever it happens. It might not be literally the same people but it'll be close enough.



I just don't see the rationale for means testing right now