Considering that some households have paid far more federal income tax than others, this is effectively wealth redistribution.
The difference in tax paid between one family just starting out with low wage jobs and two professionals about to retire is probably several orders of magnitude.
Why should they get the same amount?
And how do you like the idea of more inflation? Throwing a bunch of money at everyone will get you just that.
It’s disappointing to see so many hoorahs for this kind of socialist crap on FR.
The only sensible thing to do is put it on the debt. Call bonds totaling the same amount as recovered and make sure the budget is trimmed accordingly.
How about 5% and apply the balance towards the debt. Not that it will help much if at all.
“And how do you like the idea of more inflation?”
Don’t think this will create inflation, it’ll actually be the opposite of inflation. During Covid, they printed money out of nowhere. For this they’ll take it from the ruling class parasites and give a little of it to someone that’ll might produce something.
Also, the retiring professional were probably voting for the ruling class all their lives, so hell yes they should get less.
Yeah. Somehow, people who haven’t owed any taxes would somehow end up with “free” money. I guess it would make up for the ridiculous inflation we had under Biden, partly due to wasted money in government, paying for illegals, shoveling money into the Ukraine money-laundering operation, etc.
This will RECRUIT even MORE Americans to support MORE cost-cutting, as they will personally BENEFIT as a result.
Let's watch the DemonRats cry foul over THIS one, lol.
“The only sensible thing to do is put it on the debt.”
I think it would be but that amount is just a small down payment on the cost. Rather than waste the stamps, put it back into the system by awarding it in tax cuts not for a group, but for each person. If they send it back, and the taxpayers gets it, the way the system is running now the governmenet would just get part of it back. So don’t send it to me to send it back. I was running without it already so just keep it and call it part of my taxes to not pay. I now have a smaller bill.
wy69
“The difference in tax paid between one family just starting out with low wage jobs and two professionals about to retire is probably several orders of magnitude. Why should they get the same amount?”
Spoken like a true republican. That should start a lively discussion next time at the 19th hole at the country club.
And those two professionals about to retire. They defense contractors? NGOs? In the Education industry? Lawyers? Healthcare professionals who gorged on covid money? If that professional job had the slightest nexus to government, why should they get more? They already cashed in.
“Why should they get the same amount?”
They won’t.
The point is that our government has stolen at least this much and it does seem only right to give it back.
“ Considering that some households have paid far more federal income tax than others, this is effectively wealth redistribution.”
He would do it on a percentage basis
It is a great idea and I applaud President Trump for coming up with it.
Did you forget the biden and trump covid cash scam of 20 and 21? Millions of Americans who made too much money didn’t get a check. Yet, and to pay in and watch the scam in real time. That doesn’t even count all the ppp fraud waste and abuse.
It is a political stunt, but it is “our” political stunt.
So those that were more successful in life either by hard work, luck, or born with a silver spoon should get more because they earned more? What about us not so fortunate that worked very hard our entire lives some at manual labor that did not receive high pay? Are we lesser people just because our paychecks weren’t as large? I’m beginning to think their are a lot of elite snobs on this board.
Maybe, just maybe, Prez. Trump wants to do something for individuals, not just high earning individuals.