re: #4 Naso Tang

I would argue that giving 500,000 people $2000 each will do nothing except pay off some debt or buy more consumables for a few months. Then back to where they were. Nobody would consider that long term expansion capital.

BUt it’s the velocity of money; those people will spend largely into their local community, and that money will then move around in that community.

I would also argue that anyone earning $30 million per year will change nothing in their behavior that they couldn’t already do if they were given an increase of 3% in income for doing nothing.

Absolutely true.