I’ve seen it all:
The bank bailouts didn’t cost us anything really but furlough is wasted money.

Honestly. Fuck off you mad dickheads.
If anything furlough is the fastest way to speed up economic recovery: the banks have been consistently proven to do fuck all with splash cash other than inflate balance sheets & argue they should be allowed to pay bonuses. I was a big in favour of bailout, they made sense
But there was absolutely not the trickle down of sympathetic financial management to the consumer in the street. It took years for affordable loans to rematerialise & we know for a fact some banks scalped perfectly good business for assets.
Now some folk are saying “furlough is bad economics” in an economy where less than 20% of us make any kind of savings every month? Where we face an ever gaping pension crisis in a surprisingly profitable pensions & wealth management sector?
Get knotted. The fear here is people realise taxation is supposed to be about creating a functional & responsive societal framework. Not just there to annoy profitable companies.
A smart but wealthy person I know recently said to me:
The biggest societal change that could come out of this pandemic is people realise the real value of things & start asking more questions.
You can follow @disappoptimism.
Tip: mention @twtextapp on a Twitter thread with the keyword “unroll” to get a link to it.

Latest Threads Unrolled: