[HN Gopher] 65% of Americans support monthly $2k Covid stimulus ...
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       65% of Americans support monthly $2k Covid stimulus payments, new
       poll shows
        
       Author : paulpauper
       Score  : 10 points
       Date   : 2021-12-09 22:30 UTC (31 minutes ago)
        
 (HTM) web link (www.masslive.com)
 (TXT) w3m dump (www.masslive.com)
        
       | mtmail wrote:
       | Note the poll is from January 2021.
       | 
       | Link to poll
       | https://www.dataforprogress.org/blog/2021/1/04/65-percent-su...
       | (why doesn't the article provide a link?)
        
       | lrvick wrote:
       | Clearly 65% of Americans don't realize money printing is a hidden
       | tax that erodes their savings.
        
         | tibbydudeza wrote:
         | Deficits does not matter.
        
         | thghtihadanacct wrote:
         | Doesnt have to be that way ... lots of spare cash going to
         | defense dept. Why do we always have to find ways to pay for
         | social well being but always got the cash for over priced guns?
        
           | felistoria wrote:
           | Defense money is budgeted year over year. You could give this
           | stimulus payments to people for two maybe three months and
           | would have spent the defense budget for a year, so now where
           | is the money going to come from?
        
             | thghtihadanacct wrote:
             | $300 billion does add up fast. Pull everything out of BTC
             | before China reveals tether is a scam?
        
         | paulpauper wrote:
         | not necessarily. it would only be a tax if someone's increase
         | in inflation costs exceeds the $2k or $24k if looking at annual
         | numbers. So if the $2k/month makes the CPI go up 1%, then
         | someone would have to spend $2.4 million/year to have a net
         | loss, assuming there no increase of wages, asset prices, etc.
         | Someone who spends a lot of money would see a net loss, but not
         | someone who earns and spends little. As for investors, it does
         | not matter anyway, as the S&P 500 does well in both high and
         | low inflation environments.
        
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       (page generated 2021-12-09 23:02 UTC)