This includes the Treasury using its legal authority to create a new mint program to fund:
✅Direct payments via preloaded $2,000 cash cards to everyone.
✅Recharging with $1,000/month until a year after the economy recovers.
Read all about it here: https://t.co/JJI0z2bNFy
— Congresswoman Rashida Tlaib (@RepRashida) March 21, 2020
No friends here
Why do we see stupid ideas from gov officials like minting $1 trillion platinum coins, but nothing about canceling income tax?
In FY 2019, US federal gov revenue was $3.46 trillion. There’s your relief to the people and your economic stimulus.
— Samson Mow (@Excellion) March 22, 2020
Let's do the math:
300M people x $2000/person = $600B initial cost.
300M x $1000/person/month for at least 12 months = $3.6T
You're going to need to print more Trillion dollar coins.
This sort of thinking is exactly what leads to hyperinflation.
— Jimmy Song (송재준) (@jimmysong) March 21, 2020