Apparently, billionaire NBA owner Mark Cuban is looking for a way to utterly bankrupt the country because he thinks the federal government should give every American $2,000 a month in “stimulus” money.
The Dallas Mavericks owner insisted that giving us all two $1,000 “stimulus” checks every month would somehow bring the economy back.
This is a very old and discredited idea by Keynesian economists who once thought that government could create a perfect economy by wild spending. The 1990s and 2000s pretty much proved that to be a fallacy.
Anyway, Cuban said that the $1,200 per person coronavirus relief check sent to Americans was not enough.
Per Fox News:
The billionaire entrepreneur proposed the government issue $1,000 checks to every American household every two weeks for the next two months, with the caveat that the money must be spent within 10 days of receipt or it expires. It would cost about $500 billion, Cuban estimated.
“It’s time for trickle up economics,” he wrote in a series of tweets on Sunday.
Cuban argued that the Paycheck Protection Program, a $660 billion fund for small businesses established by Congress in the CARES Act at the end of March, was a “great plan” that “didn’t work.”
It's time to face the fact that PPP didn't work. Great plan, difficult execution. No one's fault. The only thing that will save businesses is consumer demand. No amount of loans to businesses will save them or jobs if their customers aren't buying.
— Mark Cuban (@mcuban) May 17, 2020
Cuban added that the feds need to “create” a new jobs program.
Here’s the thing, Mark: governments don’t create wealth or real jobs. All government does is TAKE from us. It cannot “give” anything that it has not first confiscated from someone else.
This is just another in a long list of idiotic political notions from the billionaire sports team owner who thinks of himself as a political sage.
Tell us, Markie. If government is the source of all wealth, why do any of us have to have jobs at all? Why can’t government just pay us all to be fat and happy? Maybe because there would be no one to pay the taxes that FUND your nonsense? And how many Americans wouldn’t work at all if they were given $2,000 a month free and clear for doing nothing? And who would make up the difference for the billions in taxes these people are no longer paying because they pay income taxes with their jobs? Hmmm? You dolt.
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