__MoBlack’s Twitter Archive

Wait but... spending money at Walmart and Amazon literally does stimulate the economy. Paying off credit card debt also means future income is spent into the economy and not to debt payments @thehill/1343705613763825665
On twitter.com ❤️ 3 Favorites 2020 Dec 30 Mood -3 🙁

…in reply to @__MoBlack
This is all by their logic of course. I don't believe in capitalism. By liberal economic theory recessions happen when money isn't moving through the economy. If some will spend the checks on discretionary spending instead of essentials, that's still good for the economy
Permalink On twitter.com 2020 Dec 30 Mood +3 🙂

…in reply to @__MoBlack
It's actually really good for the economy. People who's entire stimulus check goes to rent and debt to large corporations CAN'T spend that money on small business. Whereas middle income recipients can when they would not have otherwise
Permalink On twitter.com 2020 Dec 30 Mood +1 🙂

…in reply to @__MoBlack
I'm not really sure how the hypothetical downsides of someone who doesn't need a check spending it on bullshit is supposed to outweigh the benefits of people who desperately need a large and immediate sum of money to stay afloat.
Permalink On twitter.com 2020 Dec 30 Mood -5 🙁