Let them break
Fund people, not companies
Let them break
Fund people, not companies
it depended. large corporation like Apple don't need the money but mom and pop shop that is forced to close during the peak should receive money. the sad thing is corporation that clearly can make it thur covid is receiving the largest amount like https://www.npr.org/sections/coronavirus-live-updates/2020/0...
No, they shouldn't. Don't give any money to any corporations, give all the money exclusively to people.
If Mom and Pop run a business, they can get cash as humans to float their business, just like any human could. They could temporarily lay off all their staff (which is OK, because their staff are humans, and are also getting cash)
There was never any valid reason to give a single cent to any company.
Companies are more that just a collection of people.
Do we stop all output and just have the government mail checks to every individual forever? That’s not going to work. Who is going to produce the things we need to function as a society?
> They could temporarily lay off all their staff
So you pay people's salaries while they're furloughed. Together with moratoria (don't know if this is the word) on loans this means companies get “paused” while lockdowns are ongoing and don't shut down.
I know of at least one company in the latter category where the owner pocketed around $500k and I don't think it had much impact on how they ran their business. All they had to do was not layoff people they wouldn't have anyway and the government picked up the tab on their labor costs for a year. Free money!
/s
Look into “modern monetary theory”
Edit: These emergency financial support measures I was referring to are:
- "Temporary emergency scheme for job retention" (NOW)
- "Temporary self-employment income support and loan scheme" (TOZO)
- "Reimbursement Fixed Costs" (TVL)
More info (in English) on gov websites:
- https://www.government.nl/topics/coronavirus-covid-19/inform...
- https://english.rvo.nl/subsidies-programmes/reimbursement-fi...
Edit 2: Oh wait there is more:
- "Subsidy scheme for events cancelled due to corona measures"
- "TVL Stock Support Closed Retail"
- "R&D subsidy scheme for the mobility sector" (RDM)
- "Temporary Support for Necessary Costs" (TONK)
- "Arrangement for businesses damaged by curfew riots" (RBC)
More info: https://business.gov.nl/corona/overview/the-coronavirus-and-...
Arguably, it would've been a much better system if the Netherlands just... paid people directly regardless of who they worked for at the time, so employers didn't need to worry about paying employees while they couldn't do normal business.
Instead they should have let businesses lay off staff without feeling guilty because there was a safety net for those people and once a business laid off X% of their staff they could have been eligible for extra government help.
That way the government wouldn't have ended up paying the wages of people that were needed to meet demand (and make profit for) the businesses that weren't really impacted.
For example, local restaurants got crushed and could easily justify laying off 50%+ of their staff. Give them more money IMO. However, the delivery business down the street with +50% demand shouldn't be getting a nickel.
Nevertheless the systems do exist. Financial aid was and even still is there for you or your business if you need it.
(Edit: I’m aware TFA is about about European pandemic relief.)
If bookings.com suddenly disappeared you would have hundreds of players ready to jump in with their own angle. What would you offer? Is bookings.com really holding you back?
I do take your general point though.
Yes an error, but as always there is some nuance.
If I give your company a 10mm check, or 10mm in payroll tax relief, it's the same to your bottom line. The latter goes a long way to making sure it's applied to keeping people employed if that's your actual goal (which may or may not be your stated goal).
They 100% saw this coming which is why they killed oversight. Best way to get Congress to pass a free giveaway is to get them in on the fun.
Charitable of you to think that this isn't by design.
It will be amazing if
- it's cheaper to construct these structures designed to generate revenue (and we already see this in tech-driven stuff, which was how the notion of start-up emerged from the 70s)
- people are motiviated and are willing to overcome the hardship (as well as, in many cases, unconfortable feelings) to learn to construct these structures or to learn things that will help (e.g. programming, etc)
Unfortunately, most of these structures are currently still expensive (thanks to this, start-ups and techs are in general over-hyped [1]). And most people prefer consuming stuff mindlessly than learning things. Mindfulness is the key.
Therefore I'm extremely grateful that we as a civilisation are finlly entering the first phrase of the psychedelic renaissance. Psychedelic would always have a net positive impact to society at large as they force people to come to terms with reality as well as their very own phsyical existence, and be more mindful about the qualia of this world.
[1]: not necessarily a bad thing as they can eventually flatten all these cost structures
There are all sorts of random shortages right now--truckers, lumber, cars, rental cars, computer chips. They're mostly annoying, but it would be a lot worse if companies didn't get help.
People work at companies. Letting productive assets fail due to ignorance and jealously does not help people.
Once enacted, countries or regions that don't abide to my wishful set of international rules on pandemic measures will be isolated or excluded by the community. Money otherwise would flow to implement measures everywhere and keep the world economy going at a good pace.
Here's a review on what I consider a great investment for these financial aids, making air filtering/ventilation and CO2 control ubiquitous:
https://www.economist.com/science-and-technology/2021/05/26/...
Also the economy would had suffered a lot less if there was a predictable schedule on how restrictions and, even stricter, lockdowns were applied according to some economists.
https://fivethirtyeight.com/features/experts-think-the-econo...
https://www.cbc.ca/radio/thecurrent/the-current-for-may-14-2...
At the end of the day, money doesn't solve problems. Work being done solves problems.
How that should affect policy... I have no idea but I can see both sides of the problem.
In a more realistic scenario: Maybe some people would quit their jobs because they gained some independence. Is that bad?
Right? I could totally be wrong here.
We justify giving money to rich people because it will make them work harder, but we fear that giving money to poor people will make them lazier.
Ultimately, they want to give money to people that need it and will put it to good use (for whose definition of good, I don't know... also, we HOPE that is the case but obviously people are biased, politicians included). Sometimes it's individuals who need money, sometimes it's businesses (which is why they did both).
I will tell you that I personally did not need any of the individual stimulus money, but I got the full amount because I don't make a ton; however, there are others who need the money because they have expenses much higher than mine, e.g. they have debt of some kind.
Not trying to muddy the waters. I am trying to say it's not always clear who needs money and who doesn't.
It would be predicated on the amount wouldn't it?
Presumably 65M distributed equally among the people of the state wouldn't be enough for everyone to stop working.
One thing we can say without going into counterfactuals, the execs probably didn't work 28M harder, or produce 28M in value.
I am certainly willing to pay 30 cents more for my Big Mac so that the employee gets $15/h instead of 8
As much as we like to believe WE would go to the "more ethical place", unless the average person did then ultimately the undercutter will win. Now real life is not that black and white obviously. Costco pays a pretty decent wage allegedly but they make up for it in creative ways (like having the warehouse also be the storefront).