Didn't they try this after Hurricane Katrina?
"We’re talking, of course, about gift cards. Instead of sending redistribution rebate checks to the people, the government should consider sending gift cards with short expiration dates. Ninety days might do the trick. (Money unspent could be applied to, well, most likely a new round of discount cards but it’s better not to reveal that ahead of time.) It would also save precious time that might otherwise be wasted depositing checks in the bank, where they might be tempted to deposit them in a savings account rather than a checking account."
Isn't this reminscent of the debit cards sent out after Hurrican Katrina? And we know how well that worked toward getting cash into the hands of those that needed it most, although probably most Dealbreaker.com readers don't think about Hurrican Katrina all that often. Still, I just love the wacky way those boys let us know what they really think with the subtle scratching out of redistribution. It's always a liberal commie plot if the ones at the bottom get their fingers into the pie but a reward for the great American entrepeneurial spirit when there is a capital gains cut.
No wonder CNBC loves this demographic so much, they're smart, rich, funny and shameless - it doesn't get much better than that.
Quick disclaimer - I won't be getting one of those checks (a personal thing between me and Uncle Sam dating back to getting hit by the double whammy of the alternative minimum tax and foreclosure) and I think they are a really bad idea but not because they are "redistributing wealth" (since when is $300 wealth?); quite the opposite, I think the checks are just one more way to keep the poor and middle class laden in debt.





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