Weren't the two COVID bills passed by congress, each > $1trillion, a socialization of the losses incurred by folks? Wasn't the point of the $1400 (or whatever)

Weren't the two COVID bills passed by congress, each > $1trillion, a socialization of the losses incurred by folks? Wasn't the point of the $1400 (or whatever) checks and extended unemployment benefits intended to make up for losses incurred due to COVID?