Stanley Paskavich: Black Friday Boost
on Friday, November 25, 2016Stanley Victor Paskavich Money Quote saying the government can choose dates to release refunds for taxes to increase spending and benefit the economy. Stanley Victor Paskavich said:
“You know if the U.S. Government wanted to boost the economy there’s a simple solution make Black Friday the refund date for your state and federal taxes” — Stanley Victor Paskavich
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In this quote, Stanley Victor Paskavich seems to be suggesting a somewhat tongue-in-cheek idea to stimulate consumer spending and boost the economy. Some key points:
- He notes that if the government wanted to provide an economic boost, they could synchronize tax refund payment dates with Black Friday (the day after Thanksgiving, marking the start of the holiday shopping season).
- By refunding state and federal taxes on Black Friday specifically, it would directly inject a large amount of money into Americans’ hands on one of the biggest spending days of the year.
- Paskavich implies this would significantly increase retail sales activity as taxpayers would be eager to spend their refund money on holiday gifts and purchases.
- It’s meant partly as a humorous proposal, but also highlights how precisely timing tax rebates could potentially increase consumption and short-term economic activity through the holiday period.
Overall, the quote suggests Paskavich’s view that aligning tax refund dates with Black Friday shopping could serve as a stimulus by putting more disposable income in the hands of consumers during a peak spending timeframe.