Private businesses get refunded and a payday, prices for the consumer stay high (because consumers have proven that they can bear them), and inflation goes up.
Clearly, this makes America great again. /s
Clearly, this makes America great again. /s
There are mainly two reasons people buy something.
1) It is seen as good deal.
2) It is seen as luxury.
Your premise hinges on only #1 and ignores #2. #1 is also limited to select products. How many bed sheets or cars do you need?
It also rejects the Friedman doctrine [1]. The continual following of this doctrine is what has lead to the enshitification of many products and services. Non-living wages also came out of following it. Living wages harms profits.