A misdirected tax rebate?

Posted By katie allison granju

From White’s Creek:

Giving people who have enough money, a small check will do essentially nothing. A small business tax break? Even less if it is untargeted, as this one appears to be.

If we want to help the economy and do the most good with $140 billion in borrowed money, give it to the folks from the middle of earners down. They’ll spend it. Give it to a rich guy and what’s he going to do with it? Save it? That’s not helping. Put it in the stock market?… yeah right.

If you want to get money into the economy in a hurry, give it to folks who need to pay their heating bill, their doctor bill, their rent, their grocery bill.

Jan 25th, 2008

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