People will be evicted, threatened by debtors, start violating stay-at-home orders, kill themselves. Where I come from, 2 years without income is no joke.
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Broader consequences. No gen post-X could really afford children. We're talking about potentially creating two subsequent generations of debt slaves. Maybe we ought to give them free vasectomies & ligations now, plan to replace the lost generation with immigration incentives.
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This generation has already been robbed and turned into prostitutes and sugar babies by their own rapacious parents. Tell me they ought to eat a new year of debt and I'll toss you head-first into the COVID ward myself.
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Maybe it's technically possible to construct a paper system that keeps people at home w/o destroying them. I think it's virtually impossible to actually implement something like that with the web of entitlements & regulations ensuring entrenched interests are first to the trough
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