Why the ‘Stimmy’ Could Stunt Economic Prosperity
Biden Bucks aren’t going to save jobs or inspire people. Quite the opposite.
By now, millions of Americans have received the third payout of the economic stimulus, affectionately known as the “stimmy” among black Twitter users. In fact, black people traditionally give nicknames when a person is invited as an honorary family member. The fact that the stimulus check is viewed in this light is telling.
Already the $1,400 payouts — intended to lift people out of economic distress caused by the China virus shutdowns — are potentially causing more harm than good.
Recently, an Indianapolis man was arrested for killing four family members (three adults and one child) after a fight over half of the check and incoming tax returns. He then came clean about the murders, stating that an argument broke out about the money.
As sad as this situation sounds, this isn’t the only issue stemming from the beloved stimmy checks. Despite the nation reopening, service-based companies — restaurants, retail shops, etc. — are having issues retaining staff. Photos and videos are surfacing on social media of people “calling out” of work to cash in their payments. Signs in front of fast-food restaurants and shops indicate early closures due to this interesting phenomenon. Even nurses and nursing assistants — yes, the “heroes” as they are heralded by the mainstream media — have called out in the middle of a pandemic. What’s up is down and what’s down is up. And money is the root of the evil.
As much as the Left wants you to believe that these checks are supposed to level the playing field, it’s actually creating a state of dependency. With people dropping their jobs like a hot potato, we can expect the cost of goods and services to increase as employers navigate the unexpected expense of having to hire new staff. Compound this with a $15-an-hour federal minimum wage and something interesting happens: The very people who quit their jobs due to this temporary “increase” will find themselves deeper in the financial hole once the money is spent. Again, we can expect our favorite stores to charge more for their services because someone has to pay for it. Then the impoverished and fiscally irresponsible among us will stick their hands out for more. The ladder to financial freedom will have been removed from the pit.
This is why conservatives are against unnecessary payouts. Yes, there was a time when businesses and the unemployed needed to stay afloat. This time isn’t it. And if we let them, the Biden administration and Democrats will continue to kill our economy using our own cash to force a socialist state. Sadly, the unknowing and ill-informed are happy to take $1,400 to the bank at the cost of the prosperity that President Donald Trump built.
What we are witnessing is the worst payday ever. There’s a saying in the office environment for when checks arrive — the eagle has landed. But if Congress doesn’t put a stop to the stimulus remedy and help us reopen our economy fully, we may as well say the eagle has crashed and died.
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