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JLeslie's avatar

Should the government give money to businesses that lose revenue due to the coronavirus?

Asked by JLeslie (65790points) March 6th, 2020 from iPhone

If quarantine, sick employees, or fear within the local population severely impacts restaurants and retail should something be done by the government to help them stay in businesses? Similar to farm subsidies when the weather doesn’t cooperate and crops have problems.

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9 Answers

johnpowell's avatar

Hard No. I’m a believer in retained earnings. If you are a business and things are so fragile you can’t handle a few months you deserve to die.

However. I would like employees to not worry about healthcare and get some unemployment. But that applies to always, and not just this situation.

But if you, as a business, can’t make it through a downturn you will eventually end up bankrupt. No need to prolong the process. Same goes for farmers. If you are as soft as 10-ply you need to be flushed.

YARNLADY's avatar

No, just ask Trump “China will pay for it”

Sagacious's avatar

Of course not.

Mimishu1995's avatar

I think they shouldn’t give them money, but they should be less strict about taxes. My country is essentially in quarantine mode right now. Not many people get sick, but the mentality right now is to stay at home and limit contact with strangers. So no one wants to go out unless it’s necessary. Schools have been closed for almost two months now, and a lot of private schools are on the verge of bankruptcy this is actually an issue that was brought up on TV the other day. This is a very unfortunate situation for everyone and the government needs to help a bit.

janbb's avatar

Many businesses have insurance coverage called “Business Interruptions” which will pay out in case of a slowdown due to events like a fire, etc. I don’t know if a pandemic is a covered event but that could be a source of regained income.

JLeslie's avatar

@janbb Great point. I haven’t heard anything said about that in the media.

janbb's avatar

@JLeslie A business would have to check their policy to se if it is a covered event.

ragingloli's avatar

Well, if the government fucks up their response to the out break through sheer incompetence and willful ignorance, then yes.
Like the CDC fucking up the testing, not reporting numbers, and drumpf pretending that it is “already over”, after refusing to use WHO test kits.
Then yes, for smaller companies.

ON THE OTHER HAND.
Companies in the colonies, in conjunction with the healthcare industry, have, for decades, fostered a system, where people would rather get sick and possibly die, then get bankrupted by the cost of testing and treatment, where employees are expected by their employers to go to work, even when they are sick, or get fired, where people will happily infect other people at work, because they can not afford not to, then no.
You deserve everything that is coming to you.

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