Why does the amount of stimulus checks depend on each person's income, not assets?

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The Politicus
Jul 27, 2021 08:21 AM 0 Answers
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I read an article "A breakdown of the fiscal and monetary responses to the pandemic" and noticed most direct cash payments depended on each person's income, unemployment, or dependent family members, but not on their asset size. Correct me if I'm wrong, but if I understood correctly, rich people without any income can also get the benefits. This is also the case in South Korea.

I'm sure there are some reasonable reasons behind this, but what would it be?

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  • July 27, 2021