> It simply isn't possible to shut down the economy and then pay people, businesses to sit idle for an undetermined amount of time.
The Swiss Federal Council is setting aside billions of CHF (I think the total is currently at 32 billion) for exactly this: some relief for small and medium sized businesses. They've recently announced a process to have 80% of your salary insured up to a certain high cap, between 150k and 200k CHF.
There might be vastly different political and scale differences between the USA and Switzerland that make this infeasible for the USA. But Switzerland is showing that in principle it can be done. Making your blanket statement for the whole world, false.
42 billions total now, the 32 billions just announced is on top of the 10 billions already put aside last week.
And yes with these measures essentially any income is now assured: Salaries, salaries of SMB owners (normally excluded from unemployement benefits for obvious reasons), hourly workers, limited contracts, internships/apprenticeships, self-employed (i.e. without being employed by an LLC or something else like that) business like artists. Also daily stop-gap money if you have to stay home for more than a few days to figure out how to take care of your homeschooled kids.
Plus like 20 billions in credit guarantees for small businesses to avoid a cash flow squeeze.
All measures use existing infrastructure for paymenet (commandeering the banks for the cash flow squeeze credits) to guarantee the money has arrived by end of the month, latest. And that it will continue to flow, like regular pay check.
The Swiss Federal Council is setting aside billions of CHF (I think the total is currently at 32 billion) for exactly this: some relief for small and medium sized businesses. They've recently announced a process to have 80% of your salary insured up to a certain high cap, between 150k and 200k CHF.
There might be vastly different political and scale differences between the USA and Switzerland that make this infeasible for the USA. But Switzerland is showing that in principle it can be done. Making your blanket statement for the whole world, false.