With coronavirus numbers in Italy going through the roof and some US unions expecting up to 90% of their members to lose their jobs, while JP Morgan’s forecasting a 14% retraction in the US economy in the next quarter…
Unlike the GFC of 2008, NZ will not skirt the worst of the effects this time around.
So, on the basis that what’s happening overseas will also likely happen here, it’s time for the government to get real. If airlines and others couldn’t perform some basic household budgeting (as governments are apparently expected to do) and put aside some of their profits for a rainy day, then fuck them – they fall.
It’s real people who need assistance, not abstract business models.
So give everyone a thousand dollars right now and tax the money back off the rich at a later date if ‘universal’ is a sticking point.
Right now, I and thousands of others cannot afford even the basic measures required to ride a potential period of isolation. Right now, I and thousands of others can only hope to service debt, and unless meaningful sums of money are made available to us, we will only continue to spend all of our money on debt repayments of one sort or another.
Even the Republicans in the US understand that people need money in their pockets.
Now sure, I’m sure the GOP have some hooks sitting just under the surface wrapping of their package, but still…
Isn’t it an odd world when the ask is for the government to follow the example of the Republican Party in the US and avoid the downright horrible examples of disregard and disconnect being put on display by the Democratic Party?