Sound Economic Strategy

I’ve been considering the pros and cons of another cash grant to taxpayers in a time of economic uncertainty, the last payout according to some, recorded about a 3% net benefit in retail sales which appears to have the hallmarks of a failure but what happened to the other 97%? Money doesn’t disappear into thin air so it must have gone somewhere as will be the likely scenario this time. I confess to using my grant to mostly pay bills which enables the service provider to pay expenses including wages; if we don’t pay our bills a business, no matter it’s size can’t reinvest and grow thus the need for labour declines, so who benefits? The cost of living is on the increase including ridiculous petrol prices and unless one is born into a life of privilege we all face some form of financial hardship in our lives and with uniformed economic commentary, we get scared and look for the mattress. Some will place there’s into a bank or other investments thus injecting cash back into the community to stimulate growth in virtually every industry. Just because the retail numbers may be low we need to look at the bigger picture.