My response to yet another misleading editorial on Direct Cash Payments from the WaPo board
Please show me your magic wand of "targeting." This is the 4th article
you have published, second from the editorial board against Direct Cash
Payments. And the 4th time that your "targeting" has remained vague at
best. Until you explain exactly how you plan to "target" AND get the
relief to people as soon as possible, you are wrong. Direct cash
transfers are the most progressive idea out there, in general.
Your arguments:
1. People who don't need it will get it. Mine: people who DO need it won't unless your "targeting" is 100% efficient.
2.
Unemployment benefits would be better. Mine: that misses a large swath
of people, including gig workers and stay at home parents (who are
staying at homer to educate their children). AND it is a drag on
employment.
3. It's expensive. Mine: So is giving everyone a free
vaccine which I assume we both support. At what price is a human life
not worthy of being saved. The tax code can be changed to recoup it
from the wealthy if the Democratic Majority and Biden wish it to be (and
I hope they do).
4. People won't spend it the way you think they
should. Mine: Why don't you trust me to make that decision and not some
federal government bureaucracy. Pay student loans? Is that okay with
you? Or do I have to go to Applebee's?
But the arguments you
ignore: Efficiency. How many meals will people miss because the
"targeted" aid gets there a few weeks or months later than Direct Cash
Payments.
I BEG the editorial board to actually learn about
Universal Basic Income and the progressiveness of Direct Cash Payments.
Here is where to start.
https://medium.com/basic-income/there-is-no-policy-proposal-more-progressive-than-andrew-yangs-freedom-dividend-72d3850a6245
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