zlacker

>>psim1+(OP)
One of the more worrying things to me is how this pandemic (and/or our response to it) will disproportionately affect small businesses and individuals. As Amazon hires 100k workers how many jobs are being lost by small businesses failing?

>>tlrobi+Eo
Perhaps an equivalent as in France could help? Macron has stated that no company, regardless of size, will go under merely as a result of this crisis.

To that end, any French company at risk of going under will be allowed to stop paying rent and taxes during the shutdown.

https://translate.google.com/translate?hl=en&sl=fr&u=https:/...

>>ucario+Zx
Such a simple and reassuring answer, why can’t we have that in America?

>>yahyah+Dz
Just to play devils advocate... this has the potential to cause an absolutely massive liquidity crunch. All debt is an asset - all payments on debt are a positive number in some investment portfolio/banks/etc balance sheets (eg a bond).

If everybody stopped paying debts and rent, the financial industry could crash overnight as suddenly nobody has the cash flow to pay each other any more. And that would trickle down immediately - not only as banks and property management groups go out of business, but in property tax revenues, pensions, people on fixed incomes, and then all the second and third order effects: insurance and reinsurance, massive market panics, etc. It sounds nice on an individual basis but the risk is insanely huge

>>opport+oN
Where do you see Macron saying payments are stopping? Why would we assume France would do the dumbest, most damaging thing possible rather than something easy and healthy, like monetizing a fiscal stimulus of direct payments?