Here is a plan, although it most likely to late.
Scrap the income tax and go to a one time collected national retail sales tax.
Nothing is ever enough unless Nancy personally poops in it and gets a piece of the action.
pass the bill, then pass another one.
This, people, is not that hard.
We are in a Liquidity Trap, have been for 12+ years
there are very few ways out, all bad
And when the inevitable default comes?
Lock up everybody in government at every level, all employees of the MSM, all academics, all residents of Hollywierd, and all their lawyers.
Yeh....my biggest concern is Little League.
As others have stated, the cure is fast becoming worse than the disease. We are now destroying our economy to save it.
The solution is for everyone to snap out of it and get back to living their lives, but washing their hands better.
Anything else will be catastrophic.
“we are intentionally turning the economy off to save lives and protect our future”
And exactly how does turning off the economy save our future?
This current version of the flu may be bad, but even at its worst projected result, would not turn off our economy.
I was in a local restaurant today and one of the owners was saying she was afraid to look at her phone because she was afraid she’d have to shut down immediately and she wanted to get the last few customers through. Florida has held the line, but now even Florida is caving to the hysteria. And Florida lives on small businesses and the hospitality industry.
This is insanity. I went into another shop owned by a woman born in Cuba who told me that this was exactly what it was like when communism started - a ban on public gatherings and the closing of restaurants and small businesses.
That said, big businesses are also hit. Marriott today announced that it was laying off tens of thousands of workers because it has no business.
And all for what? A media-generated panic. Although the hysterics are comparing it to the Spanish flu, its not like it in its spread, speed or even its lethality, and on top of that, medicine in 1919 was barely a science and most flu victims now would probably have received treatment and recovered from the Spanish flu. In addition to which, all our other vaccinations over our lifetimes probably do serve to strengthen our resistance to other viruses (which is why they are trying to derive a targeted vaccine from earlier flu viruses).
So for that we shut down the country and plunge ourselves into our own home-made Great Depression. Lots of luck recovering from that.
“immediate and direct aid to the businesses”
I thought this was a conservative website.
Loans to small businesses are called home equity loans.
Don’t own a home? Get a silent partner with one.
That’s what I tell everyone. I plan on ordering dinner for take-out tonight. My kids and their families are going for corned beef and cabbage where the tables have to be set 6 feet apart.
I will utilize the local grocer and Walmart and I have planned on spending more than normal in general. I made a large internet order Saturday. Through our business we will continue to buy everything we normally buy.
Within eight weeks most people will have gotten infected and the fear will be mainly gone.
Only really careful vulnerable people will be able to avoid infection.
We got red tide about 18 months ago here in Florida.
There was no mass federal dole payments to businesses.
2019 & 2020 self-employment taxation could be made personally optional in exchange for an eight percent future Social Security benefit reduction.
To these Leninists, wiping out the kulaks is a side benefit.
Collapse is what they want. This is a CLoward-Piven dream, overwhelming the system.
A month out...President Trump is suspending all taxes and closing most federal agencies. Nancy Pelosi is seen behind PREZ tearing up the tax code at this historic event.
https://www.youtube.com/watch?v=54BCLYNkFKg
IMO best R&R song in American history. YMMV.
Trump says we are at war with this virus. Do a symbolic speech and get a vote to declare war on the virus and grant Trump and the CDC powers to do fight it. Once he gets it, slash the government to the bone as well as any in-flight discretionary spending, and funnel it to speed up wall Construction and provide tax relief.
This is not so much a money problem as a money velocity (flowing) problem.
The aggregate amount of money hasn’t changed that much from where it was a week ago. What has changed is that it has stopped flowing.
It’s like a hydroelectric plant whose reservoir is full but all the penstocks (channels) going to the turbines have been blocked.