I think any additional cash handouts should be targeted to those who lose their jobs or lose days/hours from work during the pandemic. Giving cash to hundreds of millions of employed people who live paycheck to paycheck (and this happens all up and down the pay scale) just incentivizes them to go out and spend. Notice I used the word "out" there.
Additional money should be in the form of a temporary and substantial immediate increase in unemployment benefits and any requirement to look for work should be held in abeyance. Lost earnings due to low customer traffic and the like can be verified after the fact and accounted for when filing taxes. Lost earnings during to the pandemic would have to be reflected in their pay history or the money could be recouped from any tax return or treated like any other debt to the government.
Some of my good recommendations:
COLUMBUS, Ohio -- Ohio Gov. Mike DeWine will expand the state’s unemployment insurance system to immediately cover workers who are displaced, even temporarily, by the coronavirus crisis, he announced Sunday.
The state will waive the typical waiting period required to qualify, and also will waive a requirement that people who get jobless benefits seek work. The changes will be made through an executive order from DeWine coming tomorrow.
The emergency measure also will apply to workers who aren’t offered paid leave through work, or who are under quarantine by their job or a health-care professional.
I've been impressed that DeWine hasn't been a worse governor.
Exactly what I have said we should be doing. It shouldn't be aid to everyone, it should be aid to those hit the hardest. I'm 100% remote, I can continue to work for several weeks even if the plant were to shut down--I'll only be hurt if the company goes under. Give the money to those who need it.