Who is with me?
Works for me.
Just hand it out. It would put an end to any deflationary ideas real fast, that kind of money-pumping would be extremely inflationary.
Or instead of handing it out, just slash income taxes paid by an equivalent amount.
Pulling numbers out of my hat here....or they could just nix the personal income tax on anyone earning less than, say 250k for the next 5 years, and say, slash the tax rate for corps and those earning more for the next 5. Or maybe 10. That way people would spend their refunds, investing would look more attractive, and the cash would work its way back in naturally. This is much better than a one-shot "stimulus package" or an outright handout.
You can't plan long term with a stimulus package, it is a one shot ad hoc affair. One and done. But a long term tax cut is something you could bank on, and plan on. That would bring private capital back into the machine, creating growth. Look what the low rate did for the Irish economy.
BTS