Misguided petition demanding permanent monthly $2,000 stimulus checks nears huge milestone

FEE's Brad Polumbo writes, "The petition calls on Congress 'to support families with a $2,000 payment for adults and a $1,000 payment for kids immediately, and continuing regular checks for the duration of the crisis.' An addendum to the petition argues that Congress should set up 'stimulus' checks that automatically kick in when certain economic thresholds are reached, applying to the current pandemic and all future recessions.

Simply put, a lot of people want a lot more taxpayer-financed checks...

As Margaret Thatcher famously said, “the trouble with Socialism is that eventually, you run out of other people's money.”@brad_polumbo has the story: https://t.co/WZl7a8asCq

— FEE (@feeonline) September 21, 2021

Resources cannot be created out of thin air. And, as Margaret Thatcher famously said, 'the trouble with Socialism is that eventually you run out of other people's money.' Indeed, you run out of it very quickly. Such a vast public expenditure can and will not be financed solely by taxing 'the rich' or 'Big Business,' both mathematically speaking and because they have the resources to easily evade taxes or pass along the costs.

Here’s the simple truth. To give working-class Americans monthly 'stimulus checks would require, directly or indirectly, vastly increasing the taxes those same Americans must pay."

Read the entire column.