Michael F Schundler
2 min readFeb 10, 2021

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The answer to your question regarding people in West Virginia is most Americans are not ignorant that the government does not have the money for any stimulus. So it will print the money and distribute it. If you are my age, you remember when that bit us in the rear and mortgage rates climbed to over 14%. You can get away with printing money for awhile, but in the end, you have to pay.

Some new economic theories suggest that as long as government buys its own debt rather than selling it, it can keep printing more and more money as the means to redistribute income without using taxes to do so... the theory is unproven... and simply sounds like justification.

Printing money is in effect a "tax hike" on every American, but it fall disproportionately on poor consumers where the prices they pay for goods and services rise. Wealthier people invest in hard assets that tend to adjust with inflation and not be destroyed by it. One reason the wealthy kind of like this whole government printing money thing...

But most Americans realize that some people have been badly hurt by the pandemic in many cases by the poor policies of Democratic governors. Here in California it is the engine behind a recall movement of our governor.

With limited resources, they want to see the government target money to those individuals and small business owners, plus a few industries like the hospitality and transportation industries that have been particularly hard hit. Most people don't think a stimulus bill that will average $10,000/taxpayer but put $2,000 per taxpayer in their pocket is a "good deal".

So pretend someone walks up to your door knocks and when you open say, I need you to sign this contract and I will give you $2000 today. You read the contract and it says in exchange for the $2000 today, you will pay back the government $10,000... welcome to the stimulus package proposed by Biden. Always read the fine print...

As an aside, if the stimulus package said, the government will give you $2000 today in return for $2000 back over the next 10 years... I suspect it would garner the kind of support you are suggesting it should. But it doesn't...

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