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Coronavirus
Out of context: Reply #1173
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- yuekit0
UK government has proposed to cover 80% of peoples' wages for the entire country, for the duration of the crisis no matter how long it lasts.
The USA government is still arguing over a single "stimulus" check that may be as low as $600 for lower income people.
- Socialism is the devil.********
- this is capitalism omaha...it gets added to your taxes for years to come with interest.uan
- And where does the money come from? What if it lasts years?NBQ00
- Who knows? Perhaps this is the moment that governments will be forced to adopt "modern monetary theory".yuekit
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$600-utopian - governments print money anyway. Since the circulation of that money is limited atm that wont cause inflation, once the life goes back to normalBeeswax
- economy will need liquidity and that extra will be present. But they wont do itt like that, instead they will supply money for bail-outsBeeswax
- Those corps will buyback their shares from lower prices and give the impression that everything is going back to normalBeeswax
- So giving free money to people in need right now is even useful, it wont bankrupt countries or effect taxes, on the contrary it will keep the crisis at bayBeeswax
- Socialism is the devil.