How do you get information to people who make decisions?
Give $2 trillion to the bottom 100 million workers, ranked by pay.
Divide it by six months so it's spread out.
That's $20,000 per person. Or $3,333 per month.
BOOM!
- Massive spending in the economy
- Companies will have to work overtime to match the demand
- More people will be hired immediately
- Velocity of money will go up (i.e., you spend a dollar on a newspaper, the newspaper guy spends that dollar on coffee = $2 in GDP growth. That's a velocity of 2).
- States will gain tax revenues because of the higher velocity of money (than if you give it to companies) and because companies will be busier than ever.
That's it. That's what the next stimulus should be. Why only $2 trillion? Because this is not a gift. This is to replace the money lost. This will do it.
Consumer spending is 70% of the GDP. Not States. Not Corporations. Not fat cats on the taxpayer funded corporate welfare program.
It's easy to end this Trump Depression. Just give the money to the people who spend it.
Every dollar the 98% spends multiplies by a factor of 3. Give them more to spend and you end this Depression.
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