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by gremlinsinc 1934 days ago
Perhaps the best thing would've been quantitative easing with required guaranteed govt backed loans for anyone unable to meet rent or mortgage or utility payments.

Loans are forgotten if you fail to meet minimum income thresholds (i.e. you can put in forbearance until your income is above say $70k) if your income does't rise about that in ten years, congratulations you're free and clear and the government eats it.

Figure out some list of "necessities" bring your bills and get monthly loan disbursements for those amounts.

Or another option prop the banks but REQUIRE them to prop up landlords but ONLY if they prop up tenants who cannot pay and do the same for utlities, cell phone providers, internet.

That would've ensured a smoother way of essentially "pausing" where you're at, so we can lockdown and "reboot" the system. Basically.

Though I'm all for a UBI as I've been out of work for awhile myself as a freelance dev and am feeling the noose of despair tighten.