Sirwin
Sirwin

Inflation Relief is Only a Short Term Solution ??


 

Inflationary stimulants are grants set aside to help people cope with the high costs of food, fuel, and almost everything else due to the effects of inflation.

Inflation assistance provided can be in the form of individual checks, tax assistance, etc. Several countries that have implemented inflation assistance include (only a few countries that I have listed):

California https://twitter.com/nbcsandiego/status/1607111705414205440?s=20&t=SUsSRgDml-IE9pN0PHECkg

Mid-Range Tax Refunds of up to $1,050 continue in December and into 2023. Payments start shipping in October but will continue through January next year. Refunds will be made by sending via debit card

Spain

The Spanish government has adopted a new program to reduce the economic consequences of the war in Ukraine by up to $10.6 billion. Forms of assistance from the Spanish government, among others

  • The 4.2 million families with an annual income below 27,000 Euros ($28,674) will receive a one-time payment of 200 Euros in Food Checks.
  • Free train travel on local and regional transport until the end of 2023
  • Increase in pension funds

Italy

In August, Italy approved a new aid package worth around $17.4 billion to help protect businesses and families from soaring energy costs and soaring consumer prices.

United States of America Here’s what’s in the $1.7 trillion federal omnibus spending bill | CNN Politics

  • $45 billion in aid to help support Ukraine’s efforts to defend against Russian attacks.
  • $38 billion emergency relief fund to help Americans in the west and southeast affected by recent natural disasters, including tornadoes, hurricanes, floods, and wildfires
  • Protection for pregnant women workers
  • Medicaid and other health care programs
  • Increased salary support for military and veterans (pensioners)
  • Strengthen nutritional assistance for children
  • Investment in homelessness prevention and affordable housing $3.6 billion

My Opinion about Inflation Reflief

when the prices of consumption materials, energy, clothing increase, the government provides a solution by providing subsidies / giving money to the community. Inflation itself can occur when a country prints on a large scale.

Other effects of inflation include more unemployment, reduced commodity exports, more imported commodities, rising prices of goods, rising energy fuel prices, causing taxes not to reach their target.

the government comes to provide assistance in the form of money, tax returns, checks etc. Meanwhile, the money given is obtained from printing the money and giving more and more debt burdens.

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Hamzah Nor Sihab
Hamzah Nor Sihab

Just an ordinary student who wants to learn about crypto markets and macro economics to survive in this cruel financial world


Hamzah Nor Sihab
Hamzah Nor Sihab

Just an ordinary student who wants to learn about crypto markets and macro economics to survive in this cruel financial world

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