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Mad_King_Kalak 8 points ago +8 / -0

I got the letter in the mail about this from the IRS. I have three under 18 kids. This $3k is the Child Tax Credit that I'd normally get as a deduction when I would file my 2021 tax return in January of 2022, but I'm getting it early.

At least that's my understanding. I threw the letter away in disgust after a brief scan.

So, it's not a new UBI, it's just paying people out for what they already would get under the existing tax code, but in a UBI-ish way.

Frankly, for all those who think the Dems want to collapse the economy, I think they are trying to apply Keynesian economics and flood the country with money to prop things up before the 2022 midterms, and this is one way to do it.

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arjunas1 7 points ago +7 / -0

the feds tryn to light a fire under dat "money velocity".

print bajillions out of thin air aint gonna do much if its not circulating through the economy.

families = spend money

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NoStumpyTrumpy 2 points ago +2 / -0

From what I read on the website, it's no longer just a tax reimbursement, but it actually pays the amount to people who don't file/pay taxes. So definitely a form of UBI for them.