[drcross]

I agree. I think it's a combination of factors-

The people who are currently on a good WFH salary are seeing their savings grow thinking they are doing well for themselves because soon they will buy a house but what they don't realise is that eventually they will have to pay for the 400k people on the pandemic unemployment payment, the 5 billion that was lost this year in tourism, the 10 million we are spending weekly on PCR testing. This all adds up and with only 2.3 million wage earners in Ireland they are going to be stung for a lot of tax to pay for this.

There are people with short term or part time jobs who are happier to be paid 350 per week for staying at home. Why would you want to work a menial job if you didnt need to?

Like Prof. Johan Giesecke from Sweden said, the western countries got themselves into a lockdown without thinking of a plan on how to get out of it and no one wants to be seen as the person who made the decision to kill loads of people.

There's also the vaccine angle which is sure to make those companies lots of money this year.

[discreteevent]

They may not be stung for the tax. Zero interest loans with an infinite term are effectively being granted by the ECB.

[drcross]

Yeah I agree, but on that topic I think we're heading into completely unchartered territory with an event horizon beyond which I cannot see, the only wisdom I have that might prepare us for what might unfold is- "there's no such thing as a free lunch" and "there's a time when you have to pay the Piper".