How could the government address the cashflow crises about to hit the business forced to close, their suppliers and their employees.
David McWilliams suggests helicopter money.
Most people will have a pay check this week, a lot of people will have none next week
How will they buy groceries, how will they pay rent, if they don't how will I buy groceries.
Apart from the economic impact this is going to stress a lot of people who are already nervous about disease.
The helicopter money could be taxable, with the money considered income in 2021. So higher rate taxpayers would have to pay half of it back, lower rate taxpayers 20 +% back and non taxpayers would not have to pay it back. Nobody having to pay it back for 18 months.
David McWilliams suggests helicopter money.
Most people will have a pay check this week, a lot of people will have none next week
How will they buy groceries, how will they pay rent, if they don't how will I buy groceries.
Apart from the economic impact this is going to stress a lot of people who are already nervous about disease.
The helicopter money could be taxable, with the money considered income in 2021. So higher rate taxpayers would have to pay half of it back, lower rate taxpayers 20 +% back and non taxpayers would not have to pay it back. Nobody having to pay it back for 18 months.