CEOs, not the unemployed, are America's real 'moral hazard'

Robert ReichSun 19 Apr 2020 01.00 EDT

“Many Republicans believe economic relief for those without jobs encourages slacking off. But it is corporations that are bailed out again and again

Lindsey Graham is among the Republicans who have attacked extra unemployment benefits. Photograph: Andrew Harnik/AP

The coronavirus relief enacted by Congress is barely reaching Americans in need.

This week, checks of up to $1,200 are being delivered through direct-deposit filings with the Internal Revenue Service. But low-income people who have not directly deposited their taxes won’t get them for weeks or months. Worse yet, the US treasury is allowing banks to seize payments to satisfy outstanding debts.”