> This reads like someone unleashed GPT2 on a bunch of CNBC interviews with a bunch of hedge fund managers making the case for why their portfolio deserves a "fair share" of the bailout pie.
I am struggling to see why you think that, since I don't watch CNBC and was not thinking of hedge funds or the stock market at all when I wrote the above post.
I didn't get into what I think should happen, which is this:
- immediate expansion of unemployment insurance to 75-100% of income for at least 12 months, with no shenanigans allowed at the state level
- for tip and gig workers and self-employed, 1040 income should be used to qualify for unemployment benefits up to a capped amount ($100k or whatever)
- immediate expansion of Medicare to anyone who qualifies for the ACA
- immediate open enrollment so people can switch to Medicare via the exchanges
- immediate expansion of SNAP and WIC
- 6 month moratorium on evictions nationwide
- any bailouts should be patterned on the Obama administration's auto bailout, which is to say the capital structure should be rewritten so that workers are given a piece of the company, and the public should benefit once the economy improves
This seems like the sensible minimum reaction to keep things functioning well to me.
I also expect to see a change in perception in the US to thinking that any civilized society that wishes to keep running needs to have a comprehensive health care system, a social safety net for basic income and housing, and a trusted set of expert institutions.
I am struggling to see why you think that, since I don't watch CNBC and was not thinking of hedge funds or the stock market at all when I wrote the above post.
I didn't get into what I think should happen, which is this:
- immediate expansion of unemployment insurance to 75-100% of income for at least 12 months, with no shenanigans allowed at the state level
- for tip and gig workers and self-employed, 1040 income should be used to qualify for unemployment benefits up to a capped amount ($100k or whatever)
- immediate expansion of Medicare to anyone who qualifies for the ACA
- immediate open enrollment so people can switch to Medicare via the exchanges
- immediate expansion of SNAP and WIC
- 6 month moratorium on evictions nationwide
- any bailouts should be patterned on the Obama administration's auto bailout, which is to say the capital structure should be rewritten so that workers are given a piece of the company, and the public should benefit once the economy improves