This. This is why I advocate for giving every American 1 billion dollars, that way the people can have money and spend money. This increased expenditure will skyrocket the economy to unprecedented levels. These injections of money only make the economy stronger, and foster prosperity.
It actually would not. When you give wealthier people money they save it or invest it. It will have a similar effect to the republican tax cut for the wealthy. It’s basically trickle-down economics with a slightly broader base. Stock prices and home prices will go up, again benefiting the wealthy. A proper stimulus should go to people who will actually spend it.