3 ms·
Who will provide the safety net when the entire economy is shut down? Production precedes consumption, always.
by abtinf 7y ago
Who will provide the safety net when the entire economy is shut down? Production precedes consumption, always.
- sb8244 7y agoThose are the questions we need to figure out as a country or even as a world. Realistically, the govt needs to provide that safety net for its citizens. However, let's start with the decision that lives are more important than money.
- briandear 7y agoWhere does that safety net come from if there is no economic activity to tax?
- sb8244 7y agoThere is economic activity still going on. A complete economic collapse is different than what I'd expect to see. A relevant question is "how much would this cost?", to which I have no clue. If we're talking billions of dollars, that's essentially a write-off amount at the federal level.
- fsh 7y agoThis is a straw man argument. Nobody proposes shutting down essential parts of the economy, such as food production or basic infrastructure. I think we are going to survive just fine without new iPhones or SV startups for a few weeks.