Let me start off by saying I hate politics and media. That’s a pretty broad statement and for the most part it’s true with few exceptions. When I hear about certain things going on with the government, foreign affairs and all the other topics the media loves to stick their dirty hands in I begin to tune out. I believe that most of what we hear as normal American citizens is only half the story and is severely altered. The way I see it, our government can’t let us know exactly everything that’s going on the way that it’s truly happening and whatever information they do give us is doctored by media coverage in order to make monetary gains. Because of all of this, I’m skeptical of anything I see or hear in this regard.
But, I enjoy finances. So, when I heard that good ole President Trump is entertaining the thought of giving us Americans free money I was skeptical. My first reaction was “yeah fucking right.” I couldn’t drop it there though. My next thought, “how in the world would that help anything?” And finally, I’m now left thinking “this will come back and bite us in the ass.”
I think right now is a good time to mention I have very little knowledge about our current economic state. I chose to tune most of it out. I know very little about past cases like this because history bores me. But, I do enjoy talking about money. And who wouldn’t be interested in having a check for $1000 appear in their mailbox?
Going off my initial reaction, I still don’t expect there to be an extra grand sliding it’s way into my bank account anytime soon. I also strongly recommend not holding your breath for it. But my best piece of advice in the situation that we actually do get free money is be very careful how you spend it. I think a lot of people will use the money for how it’s intended which is to help the American people struggling financially during the chaos that is “social distancing.” By the way, I hate that fucking phrase. I’ve always been socially distant. This is not new to me. But anyway… I also think there are too many people who will not put this allowance to good use. My prediction is that too many people will blow their money on something useless, say stocking up on four years worth of toilet paper. If this happens, I don’t see how anything will be improved economically.
Another initial reaction for me, as for many financially aware people, is that the value of the dollar will decrease. I could do some research right now and give specific examples of instances just as this but I’m lazy and this is just a journal. But, I know that most every single time the general public is handed money it results in prices of everything increasing.
When everything is said and done and we have spent our thousand dollar gift from the almighty government, what’s next? We can’t really expect to be handed free money right? In some way, shape or form, we will be expected to return the payment. Whether it’s owing money at tax time, more money being withheld from our paychecks, or whatever the case may be, we will be expected to pay it back. Again, I could do some research here and give real life examples but who has time for that? I find it naive to believe the contrary. And to the people who blew their money on useless things, they are now even worse off than before! How does that help anyone? It helps the rich to get richer and the poor to get poorer, in my opinion.
With all this being said, I don’t think it’s a good idea to grant Americans free money. Money is never free. If President Trump finds a way to make this happen for America I strongly urge you to be careful. If you need this money then put it to good use, don’t waste it. If you don’t need it, I recommend putting it somewhere safe as you will be expected to pay it back.