re: More free money from Gavin Newsom!!!!!

Fairfax CA

Description

I find it so interesting that the same people who took money from the federal government in 2020 are the same people who complain about CA giving away "free money". It was okay when the GOP-controlled Senate/president was handing out money but now all of a sudden it's a travesty! Hypocritical much? More free money from Gavin Newsom!!!!! (sausalito) 1 1234 © craigslist - Map data © OpenStreetMap Recently California Governor Gavin Newsom said he wants to give up to $1,050 to about 23 million Californians in the form of an “inflation relief check.” He said these payments will have income limits so the lower income earners will receive the most. Is this a good idea? Newsom’s plan to give more free money to consumers in the form of relief checks will increase aggregate demand and worsen inflation. While it is true that the demand reduction actions mean that the lowest income earners and those on fixed incomes will be hurt the most, giving away free money will increase demand and worsen inflation.