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Coronavirus.

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We have been advised not to go to pubs and restaurants, cinemas and other public places, to protect ourselves and others from the Coronavirus. Are we still able to work? Can we still obtain stock? Will we continue to visit workplaces like offices, shops or homes? Will we be provided  with fiscal support if we can not trade, especially if we are self employed?


University College London is predicting up to 250,000 potential fatalities from Coronavirus in the U.K.


How does the pandemic affect you?


Whaddaufink?


Z.




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    davezawadi:

    Z, you are being too gloomy. The conditions are entirely different to the great depression, although it may take some time to recover.

    I have a few ideas to help, see what you think:

    All rent payments for business and homes should be suspended. No one really looses anything, and it prevents bankruptcy.

    All Rates suspended, the government funds local authorities as necessary

    Anyone who cannot work, because of lack of demand etc. pubs, restaurants and so on has only food outgoings, so is safe and protected. This can be covered by the announced social security changes.

    Those with interest payments can have these rolled over, so no outgoings.

    There needs to be a huge fine for profiteering in any way from the emergency.

     




    John Law (baptised 21 April 1671 – 21 March 1729) was a Scottish economist who believed that money was only a means of exchange which did not constitute wealth in itself and that national wealth depended on trade.


    Money itself is of no value. It can't be eaten or used as a tool to produce anything. Also, gold bars have limited use.


    All of the fiscal measures to defer bankruptcies will cause enormous debt which will eventually have to be repaid in the future, by our being taxed. Eventually income tax and V.A.T. will have to rise to create funds to repay the national debt. Historically the U.K. had to borrow cap in hand from the International Monetary Fund, not that long ago. The future looks grim.


    Z.


     

Reply
  • 0

    davezawadi:

    Z, you are being too gloomy. The conditions are entirely different to the great depression, although it may take some time to recover.

    I have a few ideas to help, see what you think:

    All rent payments for business and homes should be suspended. No one really looses anything, and it prevents bankruptcy.

    All Rates suspended, the government funds local authorities as necessary

    Anyone who cannot work, because of lack of demand etc. pubs, restaurants and so on has only food outgoings, so is safe and protected. This can be covered by the announced social security changes.

    Those with interest payments can have these rolled over, so no outgoings.

    There needs to be a huge fine for profiteering in any way from the emergency.

     




    John Law (baptised 21 April 1671 – 21 March 1729) was a Scottish economist who believed that money was only a means of exchange which did not constitute wealth in itself and that national wealth depended on trade.


    Money itself is of no value. It can't be eaten or used as a tool to produce anything. Also, gold bars have limited use.


    All of the fiscal measures to defer bankruptcies will cause enormous debt which will eventually have to be repaid in the future, by our being taxed. Eventually income tax and V.A.T. will have to rise to create funds to repay the national debt. Historically the U.K. had to borrow cap in hand from the International Monetary Fund, not that long ago. The future looks grim.


    Z.


     

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