Watch meh, words matter. This post might come across like I’m “dealing up in semantics” as my old economics teacher would say but it is important to get terminology correct otherwise you might approach things with the wrong mindset.
Over the last week or so the government has come out with some economic measures to try to help cushion the blow of sudden policy measures implemented to help fight the spread of Covid-19.
Almost immediately people started yapping about how it’s either focused on the privileged few or the measures are not enough. Besides the typical entitlement issues part of the problem in my opinion is that the wrong term is being used to describe these measures.
People are referring to this as a “stimulus package” when to me it is not. A stimulus package is a bunch of economic measures put in place to help bring an economy out of, or prevent a recession. It is meant to stimulate additional demand. What the government has put together in this situation is a support package designed to keep people employed and protect the vulnerable.
So this support package is more of a jockstrap than a speedo. More of a push-up bra than a boob job. It is support versus enhancement.
Economists or people with an agenda may not agree but to me the main difference in my mind is that this package isn’t meant to give you extra money to spend. It is aimed at making sure you have a roof over your head and food on your table.
So people need to change their mindset. The country already had economic problems before this killer flu. Energy prices were already in the toilet like they eat a bad oyster from the Savannah. There is no way the government could replace everything lost by people during this crisis nor should they have to. That’s what your emergency fund is for.
The government is trying to help as much as they can given that as a country we basically have a little more than camphor balls in we pockets. To fund these measures and make up for lost energy revenue, we literally might have to go cap-in-hand to borrow from every Tom, Dick and Latin American Development Bank willing to lend.
One of the biggest lessons in all of this is that if you choose to operate outside of the system then don’t expect the system to help you when water more than flour. One man was commenting that these measures don’t help the small man who never registered their business. So, you want VAT refunds having never paid VAT?
People who never paid or never made sure their employer paid their NIS (as the NIB frequently urges you to do) are worried if they will get the $1,500 per month unemployment grant because NIB is giving it out. I don’t know if they’re checking your contribution status but they should and not pay your delinquent backside.
Anyway, the bottom-line is people need to be glad for whatever little help we getting. I’m not even going to get into the nonsensical argument about why they doing it. Election year or not it doesn’t matter. Politicians be politicking that ain’t no big revelation.
Most men know the mindset you need to have. You don’t question why the hot girl choose to be with you. Why pull on that thread? Just say “yes I”, bend a knee, give thanks 🙏 and enjoy it while it lasts.