Why does it seem obvious? This would be extraordinary. Extraordinary claims require extraordinary evidence. Also: https://en.wikipedia.org/wiki/Jubilee_(biblical) …
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I don't see how this is a question of good or bad. If a sit down restaurant like Olive Garden, Cheesecake Factory, quality steak house, jewish deli can't seat customers for public safety reasons... but they have huge lease liabilities ... they just go bankrupt.
So let them? I mean...if the cure is handing them massive amounts of cash. For society the cure is worse than the disease.
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I've been stewing on this all day. I'm pretty sure that's not the optimal answer. Bad players losing during a recession is great, makes the world more efficient. Good players losing from an act of God ... think that makes the world a worse place.
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So what do we do? Let’s say we have a year of 50% lower restaurant receipts or banned cruises. What’s the plan? Just pay everyone as though it’s business as usual? The economic distortion that would cause would be worse than letting the things go. Olive Garden will rise again!
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