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Here’s an honest question: where do you draw the line? Government intervention constantly creates winners and losers. New laws are passed, businesses lose lice
by ericmay 5y ago
Here’s an honest question: where do you draw the line?
Government intervention constantly creates winners and losers. New laws are passed, businesses lose licenses, or maybe some other government action causes the business to lose money. At what point do we say “ok you get money because the government destroyed your business” and “too bad for you”?
I think I read somewhere that this specific issue is a legal one, but generally speaking I’m not sure why government action here is so different than other actions. Restaurants for example that we’re doing just fine went under. Why isn’t the government making them whole?
This probably was an easier one to solve too. You could have just said something like “everyone freeze”. No mortgage for the landlord or interest for one year. Tenants don’t have to pay rent for one year. And then you resume payments. You could argue the bank loses out but I’d say you’re just extending the loan a year so they’re not really taking a loss in the long term either. At least this would have been a better and more just solution.