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> Why do you assume that would be the outcome? That is the cruelest, most pessimistic prediction that one could make. Come on, have a little faith in common se
by Melting_Harps 7y ago
> Why do you assume that would be the outcome? That is the cruelest, most pessimistic prediction that one could make. Come on, have a little faith in common sense and decency.
Honestly, because its unlikely that most people will be able to share the burden of theses costs and we need only look at 2008 to see how a financial crisis reduced people to forced evictions (of people who even owned their homes, no less) because of delinquency.
Personally, I want to believe we could do more as individuals, as relying on the Government for solutions isn't going to work.
I'd prefer to enact a local/community based approach for this pandemic but I have serious doubts as to how it will take place or who would actually honor them when its clear so many businesses (even large corporations) are insolvent in the US. not to mention the level of wide-spread ignorance as seen with these quarantine protests taking place.
I'm starting to really wonder, especially as this can easily lead to a global depression if hasn't already, if we will have to have a debt jubilee given the severity of COVID.
https://www.washingtonpost.com/opinions/2020/03/21/debt-jubilee-is-only-way-avoid-depression/ https://www.washingtonpost.com/opinions/2020/03/21/debt-jubi...