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The billionaire Tom Golisano was smoking a Padron cigar on his patio in Florida on Tuesday afternoon. He was worried.
The damages of keeping the economy closed as it is could be worse than losing a few more people, said Golisano, founder and chairman of the payroll processor Paychex Inc. I have a very large concern that if businesses keep going along the way theyre going then so many of them will have to fold.
President Donald Trump says he doesnt want the cure for the Covid-19 pandemic to be worse than the problem, and some of Americas wealthiest people and executives are echoing his rallying cry. They want to revive an economy that could face its worst quarterly drop ever -- even if it means pulling back on social distancing measures that public health officials say can help stop coronavirus. These investors arent prizing profits over lives, they say, theyre just willing to risk some horrors to avoid others.
Youre picking the better of two evils, said Golisano, who wants people to go back to their offices in states that have been relatively spared by the coronavirus, but remain at home in hot spots. You have to weigh the pros and cons.
https://www.bloomberg.com/amp/news/articles/2020-03-25/billionaires-want-people-back-to-work-workers-aren-t-so-sure?__twitter_impression=true
lunatica
(53,410 posts)except only one of those two evils keeps him rich.
Gee. I wonder which evil is the one hes willing to enact?
Newest Reality
(12,712 posts)Let them it dividends and options.
They should fall on their swords in this, which is the noble thing to do when you fail to be prepared for an emergency and expect to get a mouthful of tit, provided by we taxpayers, to suck on when you put your money into stock buybacks, etc., rather than resiliency.
Instead, we unwashed masses and useless eaters are expected to die out of loyalty to what, oh great and powerful Captains of Industry.
We'll see about that.
BeyondGeography
(39,351 posts)Yes, thats an actual quote.
tnlurker
(1,020 posts)Youre picking the better of two evils, said Golisano, who wants people to go back to their offices in states that have been relatively spared by the coronavirus, but remain at home in hot spots. You have to weigh the pros and cons.
This is a great way to turn non-hot spot states into hot spot states.
pat_k
(9,313 posts)Failure to detect is not the same as "spared."
Until every state is testing at the same, or greater, rates than WA and NY, we have ABSOLUTELY no idea where these "relatively spared" areas may be.
I'm not saying there won't be regions that are "relatively spared." I'm just saying you can't use numbers based on testing rates that are so pitiful they are useless to identify them.
Right now WA and NY have tested 40-50 per 10,000 and are adding about another 5 per 10,000 per day -- a rate many times greater than any other state.
LizBeth
(9,952 posts)Bluesaph
(703 posts)If big bosses want people back at work they should demand Trump try and get more tests, even from WHO. Test people before letting them go back to work. If they already had it, they are free to go back. If they have not and are vulnerable then stay home. And if they do not currently have it, then still isolate so they dont get it.
Hotler
(11,396 posts)Be careful, some out of work union carpenters may start building a National razor on the Washington Mall for your next shave.