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by ethbro
2281 days ago
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The biggest consequence will be creating two tracks of people: those who immediately lost their job, and those who could work remotely. 3+ months of earning is non-trivial, and they'll never get them back. Hopefully any stimulus will be aimed at recently un- or under-employed folks. If I, as a working software developer, end up getting a check... the system is seriously unfair. |
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They are being told by their landlords they have to keep renting their chairs, perhaps at a discount, because it's a lease. They are being encouraged to get SBA loans by the government, and their landlord. This is vile and immoral. The mere suggestion is unethical feudal nonsense.
Make some people go into debt in order to help secure the income of their lord? It's uncivil to say it out loud. Turning it into official policy is an abomination. It indicts the whole culture of a society to do this.
I think as a class, they should declare bankruptcy. Force the next higher class to find redress, by mortgagees taking haircuts on loans, all the way up to pensioners and 401ks. The entire point of the free market is that it's supposed to account for these risks, and absorb them equitably. If the market or government demands some low rung people experience worse misery than others, it is a recipe for widespread loss of trust in a system, that quite frankly right now does not deserve trust.