I wonder when a future version of the Wu-Flu escapes from an unprepared Chinese virus lab, some might say (in)conveniently located near a wet market, will the world's already decimated economies be able to withstand another assault?
But there is no end of backslapping going on within New Zealand's socialists as they fight for a slice of the massive debt that has being loaded into our economy. I say businesses should be allowed fail to expose the full force of the debt that New Zealand is taking on.
Propping up businesses like Air New Zealand is a long term losers game when others can and do supply better service. All vanity projects in central and local government should be immediately canned. Overpaid bureaucrats and politicians should be pared to the bone.
What happens in 8 weeks when the wage subsidy runs out will be that the businesses fold due to poor trading. Borrowing now to put off the evil day for election bribes is not sound practice.
This household (and probably many others) will not be spending on non-essential niceties. When the free lunch (pun intended) welfare cheque stops, I suggest other families will be forced to make a similar decision. Game over for businesses.
As the economy has already been wrecked by St Jacinda of Corona what will they do when Wu-Flu-2020 arrives?
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