New York Feeds Inflation With “Inflation Refund”
If you intended to drive up inflation, what would you do differently than print and waste $zillions on useless green energy boondoggles as in the Inflation Reduction Act? Maybe you would give people free money as an “inflation refund”:
New York Gov. Kathy Hochul and state lawmakers have reached a tentative agreement to issue so-called “inflation refund” checks to millions of residents, offering direct payments of up to $400 later this year as part of the state’s $254 billion budget plan. …
The measure is being framed as a way to help residents cope with the continued effects of inflation and the high cost of living across the state.
Too bad they can’t convert irony into cash. Inflation and the high cost of living are largely driven by excessive government spending.
If New York could print its own currency, by now it would be carried in bushel baskets like in the Weimar Republic.
Eligible recipients will not need to take any action to receive the payment.
Of course not. Requiring effort produces disparate impact.
Those with smaller income get a bigger handout. Democrats never miss an opportunity to redistribute wealth.
Stupidity can only explain so much, even with Kathy Hochul & Co. At best, Democrats are too irresponsible to care about the economic consequences of buying votes with other people’s money. At worst, they undermine the economy on purpose in accordance with Vladimir Lenin’s principle “The worse, the better.”
On a tip from Wiggins.
The post New York Feeds Inflation With “Inflation Refund” appeared first on Moonbattery.
Source: https://moonbattery.com/new-york-feeds-inflation-with-inflation-refund/
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