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I want to convince you this isn’t a good idea. If all the businesses shut down in my town or city, what happens after? Where do I find work? Especially if I don
by tracer4201 5y ago
I want to convince you this isn’t a good idea. If all the businesses shut down in my town or city, what happens after? Where do I find work? Especially if I don’t have sufficient capital to start a new business (never mind the skills or training), what will I do then? How does society go back to normal?
Do we stop all output and just have the government mail checks to every individual forever? That’s not going to work. Who is going to produce the things we need to function as a society?
- pwillia7 5y agojust keep giving everyone more money Duh! /s
- calt 5y agoWell. Actually that’s not as terrible of an idea as you probably think. Look into “modern monetary theory”
- andrepd 5y agoPlease re-read the comment. > They could temporarily lay off all their staff So you pay people's salaries while they're furloughed. Together with moratoria (don't know if this is the word) on loans this means companies get “paused” while lockdowns are ongoing and don't shut down.
- deleted 5y ago[deleted]
- missedthecue 5y agoTemporarily in the context of covid has meant more than 12 months for a variety of local shops and businesses in my area. They can't come swinging back signing leases and buying inventory after going bankrupt.
- donmcronald 5y agoI saw 2 kinds of "small" businesses in Canada. One kind was hit so hard the bailout money they got wasn't even close to enough to keep their business running. The other kind wasn't impacted or even benefited from increased revenue. I know of at least one company in the latter category where the owner pocketed around $500k and I don't think it had much impact on how they ran their business. All they had to do was not layoff people they wouldn't have anyway and the government picked up the tab on their labor costs for a year. Free money!