[tonyedgecombe]

There will be a bill to pay for lockdowns and I expect tax rises are looming but this policy is bonkers.

If some jobs have become zombified because working practices have changed then those jobs need to go. We should support those people through the transition but trying to prop up unviable businesses isn't a sensible policy.

Coming out of this period should be a period of creative destruction but it seems to me current politicians don't have the backbone for it.

[neilwilson]

"There will be a bill to pay for lockdowns"

Why will there be a bill? The cost has already been paid by definition in lost output.

And when those that have saved more and borrowed less change their position taxes will automatically rise because tax is a ratio, not a fixed amount. The more activity there is, the more tax arises.

Savings are a store of taxation as well as value.

[tonyedgecombe]

Lost jobs and businesses means less tax revenue and a higher benefits bill.

More borrowing means more debt that needs servicing.

[neilwilson]

Neither of those are the case.

Work it through. Government spends $100. My spending is your income less tax. Your spending is my income less tax. The tax rate is 1%.

Run out the maths, and see what tax you get. As you can see it doesn't mean less tax revenue. It means it moves to a different transaction.

Then work out how it gets delayed.

[herogreen]

We also need to launch war-like economies to get our green houses gases emission close to zero, asap!

[marakv2]

I have zero faith that we will do anything productive. I am so disappointed in the human race, more specifically large businesses.

We have known for a long time, the science is solid and being updated constantly, yet large companies don't do shit.

Doesn't matter how much recycling I do (which turns out is probably a waste of time), if a fucking billion dollar company creates a huge mess in a 3rd world country and pays peanuts.

/Rant

[anoncake]

Global warming won't affect the old people we are currently protecting at all costs, so this won't happen until it's too late.