economic crisis death toll

[GhostofTarbera]

The inheritance tax-threshold is £325,000 - the government takes 40% over that amount.

You're assuming that most pensioners have more than that in assets.

And that in, in the case of a couple, both would die.

Most is London will have as majority in London purchased there council house for peanuts and now worth £600K+

Chap next to me sold his council house for 1.4million last year


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[tomtomagain]

Most is London will have as majority in London purchased there council house for peanuts and now worth £600K+

Chap next to me sold his council house for 1.4million last year

And you well know that a significant number of properties entering the market at one time would depress the prices, thus reducing the tax take.

The idea that the government would get hundreds of billions in inheritance tax, and this somehow, would offset the wide spread damage from an uncontrolled pandemic is fanciful.

I'd ask these question to any of the posters who believe that just letting it run it's course is the most appropriate response:

* How old are you?

* How old are your parents?

* Where do they/you live?

* Do any of your friends/family ( of any age ) have "underlying health issues"?

[cojak]

I suspect the death toll and years of hardship and austerity due to the economic crisis that's upon us will be higher
and hitting us harder, then the actual virus, which only causes some mild cold for 99% of the population. I hope the lesson learned will be never to shut down the economy anymore for such a minor illness.

And then there's this...

YouTube

[NorthWestPerm2Contr]

If you don't shut-down the economy in a planned, controlled ( as controlled as it can be ) way, then this virus will spread like wildfire and the economy will shut down anyway.

If we did nothing, had maybe 500,000, deaths over a couple of months do you think that things would simply to "go back to normal"?

That's exactly my point - it's a balancing act. On one end you let it rip through on a massive scale which would be at a tremendous cost, on the other end you completely shut down for 6 months which would kill the economy and probably cost a similar number of deaths over the coming years. In this situation I actually feel for the government (despite me hating the tories!)

[vetran]

Most is London will have as majority in London purchased there council house for peanuts and now worth £600K+

Chap next to me sold his council house for 1.4million last year


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you still have to pay rent hey?

[ladymuck]

What's the plan for releasing the controls? How do you stage that to minimise disruption? How do you get the businesses started up again?

[tomtomagain]

That's exactly my point - it's a balancing act. On one end you let it rip through on a massive scale which would be at a tremendous cost, on the other end you completely shut down for 6 months which would kill the economy and probably cost a similar number of deaths over the coming years. In this situation I actually feel for the government (despite me hating the tories!)

Indeed. I just don't think the "Let-It-Take-It's-Course" camp have really thought this through.

I have a feeling that they think that "I'll be alright and I might be able to pick-up a cheap house at the end"

The Ukrainian one ( MasterBait? ) ... most likely his parents are in Kiev, so what's the cost to him?

But the idea that we, as a nation, should sit here as the death-toll rises to 1,000 - 2,000 people per day for months on end and try and carry on as if nothing is happening is laughable.

[tomtomagain]

What's the plan for releasing the controls? How do you stage that to minimise disruption? How do you get the businesses started up again?

That's a TBC

[OwlHoot]

What's the plan for releasing the controls? How do you stage that to minimise disruption? How do you get the businesses started up again?

I suppose the idea is that a temporary lockdown is like holding your head underwater - It's OK for a while and you can come up for air and then repeat.

But if your head is held underwater for too long then it's obviously not OK!

[MasterBait]

And then there's this...

Yes people are in hospital, so what, it happens 365days per year and this year even 366 days.
BTW Do you always send messages to people threatening to ban them if they post something you don't agree with?