Stimulus Rant

SVreX (Forum Supporter) said:

How come shelter, food, and clothes from Goodwill wouldn't stimulate the economy?  It's still money circulating.

This. That's actually the economic theory behind this type of stimulus, namely that people who generally are at lower income levels are more likely to 'pass through' the money, which helps a lot of other people. There's a bunch of solid economic research behind this type of economic stimulus.

If we are going to hand out money that does not exist, why not send me a couple of million so I can REALLY go out and kick start the economy?

If it were me, I would be handing the $$$ out with the food basket for those lined up because they need it that bad. 

I believe that 17 years olds were added to this round of stimulus, also if you were 17 and turned 18 during the year you will be able to claim a credit for the 18 year old and get the stimulus on the back end so to speak. 

As a tax stand point the 2020 tax season is going to be a E36 M3show. For people with 17 year olds and split custody, I claim my children on alternate years, both parents will get to claim a credit for the children. It's going to be an absolute cluster.

Sorry everybody, but I'm going to lock this to honor the "No Politics" rule. A discussion about this is possible without politics (economic theory), but that doesn't seem to be happening in a few posts. 
 

Thanks, and Happy New Year!