Following Coronavirus Page 257

  • Psychotext 26 Mar 2020 18:33:22 66,624 posts
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    askew wrote:
    Not your primary residence, at least.

    They'll have your savings, though.
    You sure about that, because from what I saw, you HAVE to provide collateral. Obviously not everyone has savings (especially those that are struggling right now).
  • Malek86 26 Mar 2020 18:35:13 10,025 posts
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    Let's face it though, when the crisis ends, and countries all over will need to find a way to make some money back, I don't think the rich will take any hit, and the poor won't have anything to take away in the first place. So yeah, the middle class having to shoulder the whole thing? That's probably a good prediction.

    Unemployment and social security will be hard to cut, because a lot of people will need them. But pension funds are easy targets.

    Edited by Malek86 at 18:36:17 26-03-2020
  • Technoishmatt 26 Mar 2020 18:35:30 4,033 posts
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    Poorest always suffers the most. UK doesnt have the same working/middle/upper class divide any more.
  • Technoishmatt 26 Mar 2020 18:36:09 4,033 posts
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    The poorest are hit because services and support is taken away. So they cant feed themselves.
  • Psychotext 26 Mar 2020 18:39:09 66,624 posts
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    Yeah, frankly I've got it a shitload better right now than some poor fucker in the gig economy. I'm just angry at being painted as some sort of fucking millionaire despite half killing myself to build my business and pay off the debts I incurred doing so.

    I may not have a source of income for the near future, but I'd still rather be in my shoes than some poor fucker who works in a bar or as a waiter.
  • Malek86 26 Mar 2020 18:42:54 10,025 posts
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    That's true, in the short term the poor and temp workers are going to be in trouble. I was thinking more about the medium and long term.
  • Dirt3 26 Mar 2020 18:46:45 984 posts
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    I'm split between two camps at the moment. One is that the government will hyperinflate it's way out of the problem.

    The other is that they will wealth tax their way out. Hyperinflation via QE tends to be more insidious, but ultimately can be more damaging to society. Wealth tax is more immediately unpopular, but more fiscally prudent.
  • Dougs 26 Mar 2020 18:50:00 93,606 posts
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    jimnastics wrote:
    Well fuck me, after all that it looks like people who pay themselves a salary and then the rest through dividends aren't being allowed onto this scheme, so that's me out.
    Assume you'd be captured under the PAYE scheme. But if the base is low, it's a pittance
  • Malek86 26 Mar 2020 18:51:20 10,025 posts
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    @Dirt3 wealth tax is rare, and usually done at very high echelons. But because of that, and because the rich usually have some legal loophole to avoid it, the results are never very high.
  • KD 26 Mar 2020 18:52:29 2,692 posts
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    Its not just that, social workers for alcoholics and unstable people not being around anymore, people I know in my area havent got help or any outlets, nevermind if they are a paranoid type of person anyway and this is all frying they're brains slowly.

    People on bare minimum out of work at the wrong time, amazon in swansea have a lot of xmas staff and they out of work in new year. People who work downshifts in industrial sites for 4-6 months a year and find temp work after but rarely do.

    Loads more examples but those are most the ones I can see when I go to the shops around the corner and cant prepare.
  • 8bitMofo 26 Mar 2020 18:55:49 776 posts
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    "We must all pay in equally, in the future"

    Look at that machine burst into life.


    Technoishmatt wrote:
    Poorest always suffers the most. UK doesnt have the same working/middle/upper class divide any more.
    This, even the poorest have 90" TVs now, you just cant tell anymore...

    Edited by 8bitMofo at 18:58:12 26-03-2020
  • Dirt3 26 Mar 2020 18:59:30 984 posts
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    Malek86 wrote:
    @Dirt3 wealth tax is rare, and usually done at very high echelons. But because of that, and because the rich usually have some legal loophole to avoid it, the results are never very high.
    Hyperinflation it is then !

    I think it was 2 days ago I mentioned that at some point people will think the economic consequences of trying to stop coronavirus are worse than coronavirus itself.

    I give it 3-4 months.
  • askew 26 Mar 2020 19:04:54 21,324 posts
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    Psychotext wrote:
    askew wrote:
    Not your primary residence, at least.

    They'll have your savings, though.
    You sure about that, because from what I saw, you HAVE to provide collateral. Obviously not everyone has savings (especially those that are struggling right now).
    I'm trying to find it again: a story in the Guardian this morning about banks being scolded for asking for that kind of collateral.
  • Trowel 26 Mar 2020 19:12:35 23,303 posts
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    I've read a suggestion of some sort of war bonds, which would be a sensible way to raise immediate funds for the economy in the short term.

    One thing I'm wondering is if there will be any contingency planning for extra maternity units and childcare to support the inevitable lockdown baby boom in 9-12 months' time...
  • Dirt3 26 Mar 2020 19:12:37 984 posts
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    There was one on the daily rage about banks charging 12% interest on government guaranteed loans.

    Poor old bankers. Only 12%.
  • Malek86 26 Mar 2020 19:13:03 10,025 posts
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    @Dirt3 don't know if hyperinflation will have much of an effect if the entire world has to employ it.

    It's a new situation, I'm really not sure if anyone can tell what will happen.
  • JamboWayOh 26 Mar 2020 19:16:38 18,791 posts
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    Dirt3 wrote:
    I prefer Trumps plan of giving everyone a cheque for 1200 USD to cover immediate expenses.

    At least everyone gets the same, and there isn't this stupid mish mash of some people being completely covered while others lose out.
    Isn't everyone though. And shareholders of big companies are getting quite a fair bit in that rescue plan. And it's a one off payment.

    Edited by JamboWayOh at 19:17:37 26-03-2020
  • crashVoodoo 26 Mar 2020 19:16:49 6,661 posts
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    Whatever they do you can guarantee that some rich cunts will somehow get richer
  • Steve-Perry 26 Mar 2020 20:01:16 1,121 posts
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    Load of people clapping in the street for the NHS. All stood together. About 10 of them.

    You can't make this shit up.
  • ZuluHero 26 Mar 2020 20:03:37 8,641 posts
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    Nearly every one on our street came to their front doors and clapped

    Quite surreal.
  • johnnyrocketfingers 26 Mar 2020 20:05:34 262 posts
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    I had no idea what was happening and by the time I looked it up it was over.
  • sport 26 Mar 2020 20:08:27 15,875 posts
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    I clapped from my front windows with quite a few on my street. Felt really good - a bit of solidarity in this divisive age.
  • Lukus 26 Mar 2020 20:10:35 23,120 posts
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    Erm, are the NHS doing a parade each night? I don't get how you know who to clap...

    Edited by Lukus at 20:12:13 26-03-2020
  • JamboWayOh 26 Mar 2020 20:11:18 18,791 posts
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    It's been a thing here for the past week. Kinda cool.
  • PazJohnMitch 26 Mar 2020 20:14:21 15,689 posts
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    I wish people supported the NHS by staying the fuck inside.

    Walked past 102 people in a short 20 minute walk after I watched my Mum die.
  • X201 26 Mar 2020 20:16:20 20,570 posts
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    I just hope everyone remembers it at the next election and force solid, honest commitments for the NHS from all the political parties
  • robc84 26 Mar 2020 20:16:24 14,347 posts
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    @PazJohnMitch

    :(

    So sorry for your loss.
  • X201 26 Mar 2020 20:18:42 20,570 posts
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    Sorry to hear that Paz
    I know how it feels
    Look after yourself
  • PazJohnMitch 26 Mar 2020 20:21:13 15,689 posts
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    Thanks
  • ZuluHero 26 Mar 2020 20:22:04 8,641 posts
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    @PazJohnMitch

    Aww I'm so sorry it went that way. Especially after what you said this morning. Keep posting if it makes you feel better!
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