Too many people are pushing this "Shut down most of the economy" line.
That isn't and cannot be the answer. This means most people don't have an income. I suspect most people have less than a month's earning in savings - that's not going to stretch 18 months. I bet plenty of people in this country have credit card bills and car loans to pay along with their mortgages - those aren't going to stop overnight. I know of very few businesses that could exist more than a month or two without income - nobody with any sense sits on that much cash. So even if we don't care about the millions who starve during this, there are no businesses left to create wealth once this has gone away.
It's incredibly dangerous for academics to be pushing this angle. The cost of governments listening to their naive opinions will be significantly worse than any virus outbreak could ever cause.
Nail salons closed
Lash salons closed
Hair salons closed
Tanning salons closed
Waxing salons closed..
How are you feeling @Danishfurniturelover?
In principle I’d be very in favour of government temporarily hiking income tax and using the revenue to pay the wages of struggling businesses. Effectively replicating the money that we’d be spending on these businesses if there was no virus. My fiancée and I earn about £160k combined (mostly her!), and are pretty safe in our jobs - I’d be more than happy to help out the rest of society that are struggling through no fault of their own.
I’d imagine it would be very difficult to manage in practice though, in terms of deciding how much to give to each business. Maybe better to have companies lay off staff that aren’t needed to maintain their businesses through the lean times, and have government just pay those laid off people?
Haven’t hiked back pages so sorry if I’m covering already covered subjects but this whole thing has to be worse and dangerous than we know/being told? Has to be for the entire world to go into reverse in life etc
Haven’t hiked back pages so sorry if I’m covering already covered subjects but this whole thing has to be worse and dangerous than we know/being told? Has to be for the entire world to go into reverse in life etc
2.2m haven’t seen that bit wow
My sides hurt and a sore throat but feels like a heavy cold. How are you?
Just summed up my last 46.5 years there.I'm alright as long as I don't do too much.
I'm alright as long as I don't do too much.
2.2m haven’t seen that bit wow
Apparently that study was the reason the government abandoned their Herd Immunity aka "let everyone get it" tactic.
Yesterday Boris said that with measures 20,000+ casualties would be a best case, but that it would be a long game.
On an MP's salary? fudge that.I’d put Scara in charge; sounds like his kind of thing.
That wasn't the government's plan. The data they have now are not the data they were initially given to work with.More wow... was that was the government's original plan.
Hence Bojo coming out and saying that people you know are going to die.
2.2m haven’t seen that bit wow
More wow... was that was the government's original plan.
Hence Bojo coming out and saying that people you know are going to die.