Government Pandemic Handouts Didn’t Help Poor Americans
“The idea that somehow government spending benefits the poor or working-class more than the rich is ridiculous,” Joe Popularis writes at The Federalist, looking at the effects of the 2020 stimulus money given to Americans after lockdowns destroyed their livelihoods.
“Because of high inflation, average Americans are seeing a decline in real wages—if your pay is up 4 percent from last year, but inflation is up 7 percent, you just got a 3 percent pay cut.”