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Started By
Message
re: Shutting the world down hurts those who can least afford for it to be shut down
Posted on 3/16/20 at 7:46 am to Mike da Tigah
Posted on 3/16/20 at 7:46 am to Mike da Tigah
quote:
Wear a mask, wash your hands, use hand sanitizer, be careful, and keep living.
That will be the answer once we get through the initial peak
Until then that’s not possible. So many people would get sick they couldn’t work anyway. Then when the stories come out that we are deciding who lives and who dies because we don’t have enough ventilators, real panic sets in and people stop living their lives anyway. I think you are in denial that there is some way we can sneak out of this if we ignore it.
There is no way to get out of this without serious problems. Just have to pick the path with less potential pain and suffering.
This post was edited on 3/16/20 at 7:52 am
0
Posted on 3/16/20 at 7:48 am to heatom2
Heatom , I assume you are locked and loaded because people who are stripped of everything for a period of time get "unreasonable"
Or you got space at your place
Or you got space at your place
Posted on 3/16/20 at 7:52 am to Mo Jeaux
Let’s just shutdown our economy, it’ll be easy!
Posted on 3/16/20 at 7:53 am to The_SwAUggford
quote:
Some people are getting the sniffles
Dude.
There are churches having funerals every 30 minutes from sun rise to sunset.
Source: LINK
This post was edited on 3/16/20 at 8:18 am
Posted on 3/16/20 at 7:55 am to Mike da Tigah
This(OP) is a narrow-minded take.
Everybody will be in the same boat. There are a couple options.
1. The companies that can afford it will continue to make payroll while employees sit at home. Will be reimbursed by the feds through tax deductions over the coming months, years, whatever. Smaller companies will be allowed to take out loans(forgivable and government-backed) to make payroll.
2. The feds will make direct payments to anybody put out of work by this.
3. The feds will make money temporarily irrelevant. There will be no credit hits, repos or any other consequences for non-payment of bills. Federal food deliveries will commence to supply groceries for homes.
ETA: for those downvoting, what do you think's going to happen when the whole country is in the same boat? Nobody can pay their bills? Everybody's in quarantine? Something in the above will have to be implemented
Everybody will be in the same boat. There are a couple options.
1. The companies that can afford it will continue to make payroll while employees sit at home. Will be reimbursed by the feds through tax deductions over the coming months, years, whatever. Smaller companies will be allowed to take out loans(forgivable and government-backed) to make payroll.
2. The feds will make direct payments to anybody put out of work by this.
3. The feds will make money temporarily irrelevant. There will be no credit hits, repos or any other consequences for non-payment of bills. Federal food deliveries will commence to supply groceries for homes.
ETA: for those downvoting, what do you think's going to happen when the whole country is in the same boat? Nobody can pay their bills? Everybody's in quarantine? Something in the above will have to be implemented
This post was edited on 3/16/20 at 8:15 am
Posted on 3/16/20 at 8:00 am to The_SwAUggford
quote:
The_SwAUggford
This is all just a lib media conspiracy to oust trump, isn't it?
This post was edited on 3/16/20 at 8:02 am
Posted on 3/16/20 at 8:02 am to nola000
quote:
1. The companies that can afford it will continue to make payroll while employees sit at home. Will be reimbursed by the feds through tax deductions over the coming months, years, whatever. Smaller companies will be allowed to take out loans(forgivable and government-backed) to make payroll.
2. The feds will make direct payments to anybody put out of work by this.
3. The feds will make money temporarily irrelevant. There will be no credit hits, repos or any other consequences for non-payment of bills. Federal food deliveries will commence to supply groceries for homes.
You really don’t understand how economics works, do you?
Posted on 3/16/20 at 8:03 am to nola000
Yeah, #3 isn’t happening.
Posted on 3/16/20 at 8:03 am to NIH
i think it's got a higher chance than 2, at least for now
Posted on 3/16/20 at 8:04 am to SlowFlowPro
Congress got direct payments through a decade ago
Half of them are owned by banks and credit card companies, they aren’t going to give payment breaks to the masses.
Half of them are owned by banks and credit card companies, they aren’t going to give payment breaks to the masses.
Posted on 3/16/20 at 8:05 am to Mike da Tigah
Maybe we shouldn't have spent the last couple of generations funneling capital into the wealthy.
Now banks can get free money from the Feds and the people that will get hit hardest won't see any benefit.
Now banks can get free money from the Feds and the people that will get hit hardest won't see any benefit.
Posted on 3/16/20 at 8:06 am to SlowFlowPro
quote:
i think it's got a higher chance than 2, at least for now
What’s another couple trillion in national debt at this point? Or hell, maybe they raise taxes and we all get to pay for them. Regardless, I’m convinced that we will pay for this in more ways than one.
This post was edited on 3/16/20 at 8:07 am
Posted on 3/16/20 at 8:06 am to TigerMan327
quote:if we just chug along like normal it will kill millions
This disease won’t kill many people but it’s going to ruin a ton of lives from An economic standpoint
Posted on 3/16/20 at 8:06 am to Mike da Tigah
Restaurants are gonna take it in the shorts even if they don’t close.
You have to wonder what the other side will look like for chains like Friday’s... struggling anyway.
You have to wonder what the other side will look like for chains like Friday’s... struggling anyway.
Posted on 3/16/20 at 8:08 am to Volvagia
quote:
Dude.
There are churches having funerals every 30 minutes from sun rise to sunset.
Cite?
Posted on 3/16/20 at 8:08 am to KamaCausey_LSU
quote:
Now banks can get free money from the Feds and the people that will get hit hardest won't see any benefit.
The Feds are the banks.
Posted on 3/16/20 at 8:09 am to GreatLakesTiger24
quote:
if we just chug along like normal it will kill millions
Speculative.
Posted on 3/16/20 at 8:09 am to nola000
Those are a lot of assumptions. The federal food deliveries to homes seems extreme.
We have/had a strong economy and there is likely a 6mo backlog of work for professional services like attorneys, accountants, engineers, architects... Many of these services will continue, with most working remotely.
I agree with your last statement that derogatory credit marks will not be placed for non-payment during this time. Likely no fees or interest for non-payment of mortgages, student loans, etc. as well.
Some industries will have grants, most will have tax credits, and many could be forced to take no-interest loans or close. It will be a difficult time and keeping this to a shorter duration will be key.
We have/had a strong economy and there is likely a 6mo backlog of work for professional services like attorneys, accountants, engineers, architects... Many of these services will continue, with most working remotely.
I agree with your last statement that derogatory credit marks will not be placed for non-payment during this time. Likely no fees or interest for non-payment of mortgages, student loans, etc. as well.
Some industries will have grants, most will have tax credits, and many could be forced to take no-interest loans or close. It will be a difficult time and keeping this to a shorter duration will be key.
This post was edited on 3/16/20 at 10:00 am
Posted on 3/16/20 at 8:09 am to KamaCausey_LSU
quote:go back to school
Now banks can get free money from the Feds and the people that will get hit hardest won't see any benefit.
Posted on 3/16/20 at 8:12 am to Mike da Tigah
quote:
You really don’t understand how economics works, do you?
What do you think's going to happen when the whole country can't pay their bills?
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