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RE: What will you do with your $4,500 check?
Hey @jrcornel:
Here I go doing some math. :)
If we're not talking millionaires (or their spouses and children, if any), and supposing a 2.5 per household average across the board (didn't check for sure but it's been that range within the last five years), of the 327 million plus living in the U.S., 239.5 men, women and children would receive a check.
At $4,500 a pop, that's a ginormous $1.07775 trillion.
Nice to have if it were truly free money and didn't come with some hefty strings attached, as in, who's going to ultimately pay for it? The same folks getting it, you and me, except we'll also owe for kids, many of which aren't of working age and won't be for quite a while. :)
Exactly. They will deposit it into banks and with fractional reserve lending that 1 trillion balloons into 9 trillion for the banks. Funny how that works.
Hey, @sepracore.
The one $1,000 amount I guess Trump, his administration or Senator Romney (one of them) has proposed would be a little under $250 billion, and just come to adults in a household. Not sure if $1,000 does a whole lot, though. You reach the point of diminishing returns in either direction, up or down. :)