61–70 of 183 posts
Earlier quoted context omitted.
Because it should penalize anyone who kept working or who was in an essential occupation?
This is about helping people in need and not a gift from government.
Has anyone calculated the value of life that we are saving here? The Imperial College report had 510,000 dying in the UK under a no-action scenario. Average age lets say 79 as the virus progresses. 510,000 * (82.5-79) * GBP 30,000 (QALY for the NHS) = 53.5 billion pounds based on the funding methodology used for the NHS. Instead the Uk seems to be willing to throw its entire GDP at this problem, 3 trillion pounds. Th…
> This seems... completely unjustified. Um, no. Firstly, not everything is about rational economics. No sane and functioning democracy is going to allow 500k people to die if it can stop it.
It seems like there's two things where money is never an issue; war and the preservation of the status quo. This should be remembered when progressive reforms are rejected.
Right. The government's policy should act counter-cyclically to counteract major issues like this. It's better to reserve our spending for when we need it than to spend indiscriminately when we don't.
You want government monetary and fiscal policy to act as a counterbalance to natural instability, not as an amplification.
> This should be remembered when progressive reforms are rejected.
I agree, but for different reasons. It's important that we avoid overextending ourselves during the good times, because we need to keep our options open when we find ourselves in times like these.
And people keep saying that basic income is impossible. This is an astonishing U-turn, and a very welcome one. I just hope the social distancing isn't too late.
And people keep saying that basic income is impossible. This is an astonishing U-turn, and a very welcome one. I just hope the social distancing isn't too late.
You understand this only helps in the short term right? Yeah we'll live, we'll also be poorer than ever at the end of this, and someone's gonna have to pay back this debt.
If it can minimize the odds of a depression, it might even be a cash flow neutral option.
This makes more sense for me than sending $1000 checks to people who still have a job.
The money is meant to keep the economy working by encouraging spending, not specifically to help the recipient (though that will be a side effect in many cases).
And people keep saying that basic income is impossible. This is an astonishing U-turn, and a very welcome one. I just hope the social distancing isn't too late.
Regardless of the merits or demerits of UBI, this is not really a time to study it. The economy has been stopped by the government with the expectation that the government will lift sanctions in the future. That is not an everyday condition at all.
Has anyone calculated the value of life that we are saving here? The Imperial College report had 510,000 dying in the UK under a no-action scenario. Average age lets say 79 as the virus progresses. 510,000 * (82.5-79) * GBP 30,000 (QALY for the NHS) = 53.5 billion pounds based on the funding methodology used for the NHS. Instead the Uk seems to be willing to throw its entire GDP at this problem, 3 trillion pounds. Th…
How does Climate Change directly kills people now? In its most catastrophic failure in the future, it will. But we still have time to fix it.
Obesity is a Choice. I have never heard of people getting Obesity in third world countries where they dont even have enough food.
Air Pollution may shorten our life spans, but its origin also improves our quality of living and lengthen our life expectancy. So it really is a trade off.
I would even go as far as to say if anyone thinks we should put those money for Climate Change and not to save those elderly will be morally wrong. But that is just my personal opinion.
This makes more sense for me than sending $1000 checks to people who still have a job.
Targeted help now and then a jolt when it's over.
Earlier quoted context omitted.
This is about helping people in need and not a gift from government.
Whether you call it a gift or not doesn't change that it's functionally a penalty on working.