[Leica] Whereas I found this article terrifying

[Howard Ritter]

Jayanand, the fatality rate is only part of the story. None of us individually is likely to die of this, and most of us won’t lose any family members.

What’s of greater concern, in my opinion, is the massive economic disruption that will be caused by hundreds of millions of workers all around the globe, in all parts of the global chains of supply and demand, staying home, perhaps for months, and millions of businesses being shuttered. Many jobs and businesses are inelastic and vulnerable, and will be lost, and regeneration will take years. In the U.S., millions of retirees, many of whom depend on income from their retirement investments, will see the value of those accounts drop too low to sustain the usual withdrawals and will have to make major life adjustments, with knock-on effects throughout the economy. 

Death rates always increase in times of severe economic disruption. Excess deaths due to the coming depression may exceed those due to COVID infection. What’s coming may be worse than the Great Depression.

Meanwhile, the Trump administration, with an alarming degree of complicity by Democrats, is planning to buy votes by showering cash on us. Perversely, those with low incomes will receive LESS money than those of better means, and discrimination is to be made only on the basis of income, not of actual need – between those who keep their jobs or are able to live on Social Security and pensions, and those who don’t and can’t. Money that should be reserved for sustaining jobless benefits will be squandered on those whose incomes are unaffected.

This is the best that our government can do?

All of that is what terrifies me.

—howard

> On Mar22, 2020, at 0345, Jayanand Govindaraj via LUG <lug at leica-users.org> wrote:
> 
> If that is true, all the means is that the fatality rate is way lower than
> it is being reported to be, so, again, why get terrified?
> 
> Cheers
> Jayanand
> 
> On Sun, Mar 22, 2020 at 10:09 AM Brian Reid <reid at mejac.palo-alto.ca.us>
> wrote:
> 
>> Because it says that more than half of SARS-2 virus infections come from
>> undiagnosed asymptomatic people.
>> 
>> On 2020-03-21 9:20 pm, Jayanand Govindaraj via LUG wrote:
>>> Why? This is one of the risks of merely living. Being terrified never
>>> helps
>>> in making rational decisions!
>>> 
>>> Cheers
>>> Jayanand
>>> 
>>> On Sun, Mar 22, 2020 at 9:45 AM Brian Reid <reid at mejac.palo-alto.ca.us>
>>> wrote:
>>> 
>>>> 
>>>> 
>> https://science.sciencemag.org/content/early/2020/03/13/science.abb3221.full
>> 
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>> 
> 
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