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I don't think I understand what this is saying? There are a lot of pictures of boarded up businesses, and the theme seems to be that taxes will suffer so that
by carapace 6y ago
I don't think I understand what this is saying?
There are a lot of pictures of boarded up businesses, and the theme seems to be that taxes will suffer so that pensions suffer so the retirees suffer so the federal government will give them money. And that might not work if confidence in the dollar wanes.
Is that it?
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Empty streets are a good thing because the pandemic is still on. Without hella tests and a vaccine distance and soap are our friends. The metaphor I think of is an invisible fire. Until we have ways to see the fire the best you can do is keep the fuel (you and me) apart.
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The economy will reconfigure. "Reboot the economy!"
The whole point of markets is that they act as a kind of natural cybernetic governor (in the mechanical, not political, sense of the word.)
Those empty buildings and store fronts will come back to life as soon as possible. The physical infrastructure is not getting damaged by the virus.
People want to work, start businesses, build homes, go to school, all that. The demand is there.
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As an aside,
> First, they wanted their taxes reduced dramatically. Second, they wanted all the perks and services they were already receiving.
FWIW, you could do that by trimming a tiny bit off the defense budget and improving health care efficiency.
(Defense and health care are the two largest parts of the US budget.)
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Speaking of which I think people will continue to value the dollar as long as the USA maintains it's military supremacy. We're the 800-lb gorilla still.