Also, if the gubmint is aching to do something to help, how about tax reductions until things stabilize? Cutting federal taxes by half would really help my Family.
“how about tax reductions until things stabilize? Cutting federal taxes by half would really help my Family.”
You are a maker of society like my wife and I-the ones who actually pay taxes. A tax cut though we would love it would not help what is going on in this particular case.
Soon there are going to be hundreds of thousands laid off. People laid off do not pay taxes and will not help buying power.
We had a planned $35k new driveway, sidewalks and retaining wall planned for next month and we cancelled it until we know we are not heading into a great depression and have stopped all non essential spending. A tax cut would just go into the bank.
Tax reductions make far more sense than a “basic income” scheme, which is just - welfare. If the person is ALREADY on welfare, or is getting assistance in kind like rental subsidy or food stamps, then address the problem through any of these programs, but DO NOT add a new layer of “entitlement”.