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.
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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1. personal accounts running dry 2. gov treasuries running dry 3. money printers go brr, prices of essentials go unbearably high with 0 purchasing power 4. due to 0 sales, essential industries die 5. world economy replaced by next imminent epoch of history
End of conversation
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Add to that the fact that this worker generation is almost not affected by the virus, while the older ones are, and conversely, they need to work while many of the older gen can rely on built capital.
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Is, not ought. The very roughly 1900-1970 era was the exception. Before that, young people needed to wait until they inherited the family enterprise (whether land or workshop). Independently earning a good wage at 18 was a whalefall.pic.twitter.com/D81InZPdE5
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