The Dallas Mavericks owner and self-made billionaire says coronavirus aid is needed as much now as it was when the pandemic began.
Cuban thinks that all American households, whether they need it or not, should receive a $1,000 stimulus check every two weeks for the next two months. He actually floated this idea in May but recently reaffirmed his belief, CNBC reports.
Because so many businesses are struggling and many more have already closed, Cuban proposed a stipulation to the money. He believes the money should expire. Check recipients would have 10 days to spend the money.
You could spend it on anything you want, but saving it was not an option. This would help stimulate the economy and push the money out to the businesses that need it.
Here’s his Tweets from May:
It’s certainly a bold plan, and details on the “use it or lose it” money would definitely need to be addressed. With politicians currently deadlocked on how to approach another stimulus it might be something worth looking into. I know the money would certainly be a boost for delivery drivers because I’m spending all my stimulus money online shopping.
Democrats in the U.S. House of Representatives said Thursday they’re redrafting a coronavirus aid bill to show that the party isn’t giving up on passing relief before the November 3rd election.