3 ms·
Actions have consequences. Your income and your future pension are going to pay for this in one way or another.
by alecco 7y ago
Actions have consequences. Your income and your future pension are going to pay for this in one way or another.
- tryptophan 7y agoI think this is one of these situations in which doing nothing has a higher cost than doing something, even if that something(give people money for free) is generally bad in most circumstances.
- alecco 7y agoThe goal is to make the economy to recover quickly. Fail fast, learn the lesson, make things cheap and keep unemployment low. Or do something against centuries of experience and see what happens. Avoiding short-term pain by trading it for a much worse problem later is what made us so vulnerable to a not-so-deadly virus. Zombie too big to fail banks and corporations and a real estate market out of control. Same happened everywhere, not just US.
- cultus 7y agoGreat, we'll just have tens of millions of new homeless then.
- alecco 7y agoIt's not the only possible measure to handle the problem.
- decebalus1 7y agowe don't have a functioning nation-wide social safety net. Some say it's the price we pay for innovation and market driven prosperity. That's fine, I guess. But I'd rather pay for this in the future than having to deal with rioters and looters now. Not to mention living in a healthy and civil society where people don't have to worry about the first level in Maslow's pyramid of needs. There was a quote about being X meals away from anarchy.
- 6gvONxR4sf7o 7y agoYeah, and if my (high) income goes towards helping people who need it, THAT'S GREAT. I'd love to give more to those in need, but my cost of living is a function of competition with other high earners, many of whom would also probably give more if not for the high cost of living. If we all give, problem solved. This is exactly what progressive taxes are for.