It makes sense to me why a design like you propose could, a) ensure the money spent is needs-based, and b) incentivize working, which leads to productivity. How would this plan compare with a hypothetical where the feds just went straight to a monthly UBI back in April?
1920s record suggests we need to make work radically attractive....Thomas Lehrman and I write here...https://thehill.com/opinion/finance/499367-no-dole-for-america-how-to-recover-from-covid-19 …
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I’m curious because it seems like the admin overhead of any of these plans (CARES or your EIMP) could really slowing deployment down, reducing productivity. And a UBI would be a dead simple alternative. (Saying this as an entrepreneur who found the whole PPP process a pain)
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