Quote:
Originally Posted by YOWetal
The idea doubling or more benefits to the poorest families hasn't reduced absolute poverty because prices of especially suburban houses have gone up is a strange claim. Most poor families have not seen their housing costs explode and overall inflation has trailed benefit and wage increaeses with minimum wage increasing more than all but the highest wage earners over the past few years.
If familes getting $10 or 15k a year in tax free federal benefits want to vote for cuts to "out of control government spending" with the idea that will lower inflation...well they deserve what they get. Like a turkey voting for Christmas.
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Yes that's correct. And arguably handing out cash to the poorest people is much better for the economy than across the board tax cuts (raising the minimum taxable income levels for example). Some people see these as handouts to the lazy though.
Individual people are terrible judges of inflation and it's impact on their lives.