The cure is worse than the disease

Discussion in 'Economics' started by OptionsOptionsOptions, Mar 19, 2020.

  1. Amun Ra

    Amun Ra


    Hmm...I think you're under the impression that we're not all going to get this virus. Everything we're doing now is just to slow the virus so we don't all end up in the hospital on the same day. We're all going to get it in the next 18 months just like the way we get the flu when there is an outbreak. Also not all of us are going to be completely out of commission. Some of us will just have mild symptoms before it goes away.
     
    #41     Mar 19, 2020
    Sekiyo likes this.
  2. Cuddles

    Cuddles

    What's your point? Mktrader was arguing against the death toll, not death rate

    https://www.worldometers.info/coronavirus/
     
    #42     Mar 19, 2020
  3. Amun Ra

    Amun Ra

    Don't the 70+ pay most of the taxes in this country? Average age of a billionaire is 66.
     
    #43     Mar 19, 2020
  4. tiddlywinks

    tiddlywinks

    I was merely pointing out the 3D-chess mindset that was needed to make such a bold call...

     
    #44     Mar 19, 2020
  5. Cuddles

    Cuddles

    will bump if death toll surpasses Italy's (the topic at hand)
     
    #45     Mar 19, 2020
  6. I recall reading that most of the taxes are paid by 45 to 55 age bracket. Intuitively, it makes sense since that's the age of peak earnings in majority higher-income people. People who continue increasing their incomes past that age are an exception, not a rule.
     
    #46     Mar 19, 2020
  7. dozu888

    dozu888

    tax bracket is not age dependent.. it's income dependent... so if the 80yo dies, his heirs get the money and will keep paying.
     
    #47     Mar 19, 2020
  8. Amun Ra

    Amun Ra

    Steve Jobs wife isn't giving the heirs money. Buffet isn't giving heirs money. Gates is also throwing all his money out the window. So instead of paying billions in taxes on the interest they make on their money, it will all be donated to tax exempt charities and vanish like a fart in the wind.
     
    #48     Mar 20, 2020
  9. #49     Mar 20, 2020
  10. I think caution in such a situation would not be superfluous.
     
    #50     Mar 20, 2020