Re:Japan to subsidize 100% of salaries at small companies
by dantheman on Sunday April 26, 2020 @12:38AM
(#22984474)
Do you think the feds can set up a whole new system to funnel billions of dollars to small companies in a short time? Quicker than unemployment systems?
[ Parent
| on HN ]
Re:Japan to subsidize 100% of salaries at small companies
by millstone on Sunday April 26, 2020 @01:33AM
(#22984776)
Agreed, good point. The Feds should not set up a "whole new system", but also not expect much from state UI, which wasn't designed for this crisis. So what should the Federal response be?
To start with, the Feds should identify existing agencies with the capacity to administer payments. Like the IRS: one coarse-but-quick approach is for the Feds to instruct the IRS to eliminate SSI withholding. That makes it cheaper for every business to employ workers. Beyond that I don't know; this is where Federal leadership should step in.
Re:Japan to subsidize 100% of salaries at small companies
by vegetablepotpie on Sunday April 26, 2020 @01:17AM
(#22984692)
The Feds do have a system to funnel billions of dollars out of small companies once a year, so in theory that pipe could go the opposite direction.