UK government to pay up to 80% of wages for employees not working • Hacker News Board

Re: UK government to pay up to 80% of wages for employees not working

#181

Post by globular-toast » Sun, Mar 22, 2020, 2:11 PM UTC

metaobserver wrote: post #180

globular-toast wrote: post #166

Earlier quoted context omitted.

Simple. I trust the British government to do the right thing more than I trust the likes of HSBC, Microsoft, Google, Unilever and any other company that's built by greedy people whose sole concern is generating profits for themselves and their shareholders.

Wait. Do you think it's the right thing now for the FED, ECB and other central banks to print money day and night and eradicate savings of hard working people via inflation? I'm not sure why you bring up those companies in response to my proposal of managing your own money. But since you mention how purely evil those companies are, last time I checked they were employing real people, working on real products and serv…

I didn't use the word evil so I'm not sure where that's coming from. I pay less than 45% of my income in tax to the government. With the rest I invest a large chunk in the private sector anyway. So I know it's not black and white. But in times like these I'm glad I invest in the government.

Re: UK government to pay up to 80% of wages for employees not working

#182

Post by JulianMorrison » Sun, Mar 22, 2020, 4:29 PM UTC

ClumsyPilot wrote: post #153

JulianMorrison wrote: post #87

Earlier quoted context omitted.

Not to me. Just sending out money to everyone is simple . It can be done fast .

But can it actually be done fast, whilst making sure none is double-dipping? Are all 18 year olds eligible, including folks that never worked? You might be right, but it's not obvious that the difference is material.

To be honest, a small amount of double dipping doesn't matter a whole lot. Like oops, you changed your name and we sent cash to both names. shrug mistakes happen, keep it. The total expenditure is negligibly affected. Mistakes can be ironed out in time. Sneaky bastards will be caught with their hand in the cookie jar and prosecuted.

Simplicity first.

Re: UK government to pay up to 80% of wages for employees not working

#183

Post by kmlx » Mon, Mar 23, 2020, 4:04 PM UTC

GreeniFi wrote: post #144

kmlx wrote: post #137

Earlier quoted context omitted.

> This UK government is beginning to wake up to the fact that it will lose all public support in coming months and is making belated attempts to shore up some public support. lose support over what exactly? are you foreseeing a scandal of some sorts?

There’s going to be huge criticism over mismanagement of the crisis. The criticism will be at two levels: 1. You didn’t act fast enough and lots of people died before their time. 2. When you did act, it was too late and that has ramped up the cost to the economy. As it is we might be headed towards a yo-yo epidemic. Interesting argument here: https://marginalrevolution.com/marginalrevolution/2020/03/he... Ps wasn’t s…

thanks for the reply. interesting link as well.

i was generally curios since some polls indicate growing satisfaction with the ruling Conservative party as well as the PM.

to me it seems that most of the world is in "flattening the curve" mode in order to alleviate stress on their health systems. as such this disease will run it's course and i don't think there will be a scandal in the UK as most countries will be either the same or worse-off. but an inquiry? definitely.