COVID-19 (The Corona Virus) And The Economy

“Give me your tired, your poor,
Your huddled masses yearning to breathe free,
The wretched refuse of your teeming shore.
Send these, the homeless, tempest-tossed to me,
I lift my lamp beside the golden door!”

I am not a fan of how the President has managed this crisis. However, at some point, we must look at economic realities.

No one working, no money going into social security
No one working, no money going into the unemployment compensation fund.
No one working, no money to fund medicare and medicaid.

These lifelines in our society are directly funded, nearly directly proportional, by the number of people working. The solution will be pressure to print more money, which will push up inflation, making that money worthless. Then what? We have money with no value?

People are complaining about bailouts going to large business. We need individual bailouts, which are in the current bill, but we cannot neglect the businesses that have been also damaged by this epidemic. Without larger businesses, there may be no need for smaller businesses.

Locally, think if Procter and Gamble, which is a bad example in this case because they are probably making money hand over fist, but anyway, say they went out of business. The ripple effect would wipe out countless smaller businesses, and tens of thousands of employees. I think it would be fair that along with the money given, there would be a moratorium on cash bonuses to company executives for a period of time if the money is a grant, and if it is a loan – until the loan is repaid.

I really don’t have the answer, I admit that. But mass quarantine does not seem to be having the desired impact in Italy.

If we give up our freedoms for nothing, if we destroy the economy, for no real impactful results, what kind of lives will we have left? And more over, will we create a dystopia we are trying to avoid, and will that kind of life even be worth living?

Again, unlike many Facebook experts, I don’t claim to have the answer, and I’m willing to bet there isn’t one single answer, but I think this is something to think about.

I get most don’t understand the sacrifice that comes with serving in the military, a place where an individual is willing to risk one life for many, and many are willing to risk their lives for many more.It would be a shame if those sacrifices were for not, and fear allowed us to become a country that destroys the very freedoms we are supposed to represent.

How can we light the lamp of liberty, if we ourselves so willingly extinguish it? 

Statue of Liberty poem New Colossus

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