Washington, DC—Those people we sent to Congress want to have the Treasury Department send out checks to taxpayers as a way to stimulate the economy.
I would expect thousands of checks will be obtained through criminal means. The government has to do the accounting, prepare and send checks and that in and of itself will cost millions.
My thoughts are that it makes more sense to suspend withholding tax from American’s paychecks. They could also suspend small businesses from sending in quarterly reports. That would stimulate the economy without including so much unneeded bureaucracy and additional cost.
Of course the downside is people who don’t work or pay tax won’t get the free money. Perhaps that’s incentive for the folks that don’t work to take a job, any job. I guess that’s not a downside after all.
I guess I don’t understand the teachings of Karl Marx and need to spend time in a government re-education camp.