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Different idea: just hibernate the economy. Completely. No money transfers. Nobody pays rents or food or bills; nobody gets paid either salary or pensions (but
by Udik 6y ago
Different idea: just hibernate the economy. Completely. No money transfers. Nobody pays rents or food or bills; nobody gets paid either salary or pensions (but still has to show up for work if required/ possibile). This could help preventing businesses or private individuals or families going broke during the lockdown; when it's time, everything can be restarted at once. It might work (or have worked) for a short period of time, though I imagine it's practically inconceivable.
- basch 6y agois food free for a month at walmarts expense, or nobody can buy food for a month?
- Udik 6y agoFree at walmart's expense (with some refund from the government for products already in stock- and walmarts doesn't have to pay wages or rents either) but new orders towards the supply chain are also free. I understand it's almost ceertainly unfeasible, but the rationale is preventing a situation in which labour and small businesses are bled dry while capital (from rents, etc.) keeps accumulating. Costs should be distributed as evenly as possible across society.
- JMTQp8lwXL 6y agoPeople need food to live. Are grocers expected to hand out food without payment? If everything is priced at $0, I might not make it to the grocery store fast enough before the crowd empties the place.
- Udik 6y agoTrue. But you could for example say that every citizen has a right to $50 worth of food (at normal prices) per week, and has to pay any excess. Grocers might get partial refund from the government for the food already in stock; new orders going down the supply chain are not paid at all. (Btw, I know this is a crazy idea, but just for the sake of the argument).