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A comment on UK government to pay up to 80% of wages for employees not working. Parent comment

Re:UK government to pay up to 80% of wages for employees not... by onetimemanytime on Friday March 20, 2020 @02:32PM (#22640157)
In theory if you saved the difference in taxes...but then we don't generally save, but consume.

max 2500 pounds. Say for 6 months? A Year? That's 15k to 30k. This is not enough to justify "45%" taxes for life...

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Re:UK government to pay up to 80% of wages for employees not... by advisedwang on Friday March 20, 2020 @02:43PM (#22640304)
It's not about breaking even financially. It's about knowing you're never going to end up homeless or starving when your luck turns bad.
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Re:UK government to pay up to 80% of wages for employees not... by deepbreath on Friday March 20, 2020 @05:59PM (#22642077)
There are plenty of homeless people in London.
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Re:UK government to pay up to 80% of wages for employees not... by globular-toast on Saturday March 21, 2020 @06:54AM (#22645717)
Being homeless in Britain is essentially a choice. It might be surprising to you but people do actually make that choice.
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Re:UK government to pay up to 80% of wages for employees not... by mattkrause on Friday March 20, 2020 @02:58PM (#22640464)
It's not just consumption.

You (or I) would need to save for worst-case scenarios and get very few economies of scale: you can't have 0.001 of an epidemiologist on retainer.

The government can at least pool risk (and everything) over the entire country.

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