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I'm much more worried about the virus than a recession. The latter... is going to suck, for a lot of people, but with the right policies in place, we can get th

by davidw 7y ago

I'm much more worried about the virus than a recession. The latter... is going to suck, for a lot of people, but with the right policies in place, we can get through it. The virus is simply going to kill a lot of people if it's not checked.

deleted 7y ago
[deleted]
pengaru 7y ago
Not trying to be cold-hearted about it, but if the virus ultimately kills off a lot of sick/edlerly people, wouldn't the aftermath of that be a boon for the economy?
- thrwaway69 7y ago
  I guess, it depends. Some states are paying a huge share of their budget to pensions. If the virus can kill all those people, those states would have more money to invest in the younger individuals and their needs which will help the economy later. It would probably also improve the living quality in overpopulated areas due to poor people being more likely to be infected and having less resources to survive. https://www.usatoday.com/story/money/2019/10/15/every-states-pension-crisis-ranked/40302439/ https://www.usatoday.com/story/money/2019/10/15/every-states...
- davidw 7y ago
  > boon for the economy Maybe, but at best this means... buying a few more things, taking a few more trips. Whereas > elderly people, Is my mom and dad.
  - pengaru 7y ago
    > Maybe, but at best this means... buying a few more things, taking a few more trips. I can think of some better effects than that. How about a bunch of California homes coming on the market and collecting property taxes proportional to their current value for the first time in decades?
    - csa 7y ago
      IIRC, it is common for houses to be inherited after the owner’s death, and the tax basis is inherited with the house. As such (at least in my area on the Central Coast), many of these houses just become (high) market rate rentals with no change in tax status. I could be wrong about this, but I know some people who own some properties in the area who tell me that’s the case.
- mythrwy 7y ago
  On a personal level Ya, it's horrible for sure, That being said, the Renaissance came about right after the Black Plague and it is theorized the plague played a significant role due to smashing antiquated and counterproductive social structures and reducing the power of the church allowing new ideas to emerge.
- AnimalMuppet 7y ago
  Along with the sick and elderly, some younger and healthier ones also die. If the economy booms in the aftermath but you're dead, why do you care about the economy booming?
zarmin 7y ago
>the right policies in place Do you expect this from the current administration?
- davidw 7y ago
  No.
- bluGill 7y ago
  Doesn't matter, presidents are not dictators for life - they are limited to two 4 year terms.

by davidw 7y ago

deleted 7y ago

[deleted]

pengaru 7y ago

Not trying to be cold-hearted about it, but if the virus ultimately kills off a lot of sick/edlerly people, wouldn't the aftermath of that be a boon for the economy?

thrwaway69 7y ago
I guess, it depends. Some states are paying a huge share of their budget to pensions. If the virus can kill all those people, those states would have more money to invest in the younger individuals and their needs which will help the economy later. It would probably also improve the living quality in overpopulated areas due to poor people being more likely to be infected and having less resources to survive. https://www.usatoday.com/story/money/2019/10/15/every-states-pension-crisis-ranked/40302439/ https://www.usatoday.com/story/money/2019/10/15/every-states...
davidw 7y ago
> boon for the economy Maybe, but at best this means... buying a few more things, taking a few more trips. Whereas > elderly people, Is my mom and dad.
- pengaru 7y ago
  > Maybe, but at best this means... buying a few more things, taking a few more trips. I can think of some better effects than that. How about a bunch of California homes coming on the market and collecting property taxes proportional to their current value for the first time in decades?
  - csa 7y ago
    IIRC, it is common for houses to be inherited after the owner’s death, and the tax basis is inherited with the house. As such (at least in my area on the Central Coast), many of these houses just become (high) market rate rentals with no change in tax status. I could be wrong about this, but I know some people who own some properties in the area who tell me that’s the case.
mythrwy 7y ago
On a personal level Ya, it's horrible for sure, That being said, the Renaissance came about right after the Black Plague and it is theorized the plague played a significant role due to smashing antiquated and counterproductive social structures and reducing the power of the church allowing new ideas to emerge.
AnimalMuppet 7y ago
Along with the sick and elderly, some younger and healthier ones also die. If the economy booms in the aftermath but you're dead, why do you care about the economy booming?

zarmin 7y ago

>the right policies in place Do you expect this from the current administration?

davidw 7y ago
No.
bluGill 7y ago
Doesn't matter, presidents are not dictators for life - they are limited to two 4 year terms.