I expect this thread is long dead but paying the money to get through covid was a Good Thing.
The issue is interesting in that afaik, covid caused a massive “pause” in the private economy - the government kept paying its workers as usual, and workers kept paying their rent and so on, but a huge chunk of the economy is discretionary - such as going out to the pub, or shopping for clothes or buying yachts.
And so the government did its best to keep pub workers furloughed and shop workers furloughed, and keep the supply chains turning over.
Which basically meant that the people with most discretion in spending (the rich) stopped spending but the money they would have spent was spent instead by the government- thus the government spent the money the rich would have and then the rich did not spend it.
This transfer of wealth from government to rich does need to be handled
Ah yup. First we print tens of trillions and go to unsustainable debt levels and then we explain that, now, we need to tax people.
Another solution would have been to maybe not print tens of trillions out of their arse?