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The DN of the Debate. More than 100 billion a month, that can save us from a crash

this is The only way to face the crisis, that is, a society in which everyone takes responsibility for themselves, for each other and for our country. That said

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The DN of the Debate. More than 100 billion a month, that can save us from a crash

this is The only way to face the crisis, that is, a society in which everyone takes responsibility for themselves, for each other and for our country. That said, the prime minister, and Stefan Löfven (S) of the state of the union address. The government has, so far, has taken strong measures to prevent the spread of infection. We are now in a situation in which the risk of an economic depression is imminent. The government needs now to take a unique, powerful action in order to preserve our common welfare and the economy, and at the same time, to be able to carry out an effective smittskyddsarbete.

- 78% of all jobs are in the service sector, while manufacturing, agriculture, construction, and energy sectors together only accounted for 22 per cent of the labour force. In the private service sector, which caters to households, restaurants, theatres, cinemas, travel agents, hotels, gyms, sällanköpshandel, and so on – has been in demand in several cases, it has already fallen by 90 per cent or more. When people are sitting at home, and basically just all food for preparation and consumption in the home, there remains only the expenses for shopping, housing, and subscriptions. Suddenly, the household budget has been halved, and the hushållsutgifter who have fallen away went largely to pay for wages and salaries in the private service sector.

The custom stock is a call: the premises are rented from a property management company, the equipment is leased and the owner is often personally guaranteed the company's lines of credit. Such a company can only manage a few weeks without an income before they have to put up with their payments.

If there is any point which is of the state ”gathered into the barns” for over a quarter of a century to pay off, down debt to historically low levels, this is it.

Coronapandemin is not similar to any of the other crises of the modern era. The situation is different. Krisåren 1991-93 disappeared to 600,000, or about 15 percent of the new jobs in three years. If the economy continues to run at half-speed, may very well the 600,000 jobs now, rather than lost, in the three months of the year. If we were to have a depression that will lead to the creation of jobs is falling in the Italian förkrisnivå, it would mean 1.1 million fewer jobs. < / span> , in which bankruptcies and rapidly rising unemployment, leading to a collapse of the financial market and the housing market. Note: this task can only be solved by fiscal policy, the money is already, in principle, free of charge, and the company who is able to not overcome the crisis by means of loans, although the interest rate is equal to zero.

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the State needs to come in.

We need a tool that will help immediately and in a way that highlights the coronarisken from the company, and the business owners of the state, that is to say, all of our mutual insurance company. These measures would lower business costs.

Gdp is in the private sector currently amounts to about 300 billion a month. About one-half of this falls as eliminated the production of the 150-billion-per-month basis. Fiscal policy needs to compensate for the major portion of this loss in order to avoid the hundreds of thousands who will be laid off or to be excused do not have a job to go to when coronaepidemin of them.

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the State permitteringsersättning. Of the service is the compensation of employees is the largest cost item. Here, the government should immediately go out and offer to take over the whole of the wages and salaries paid to employees made redundant. Probably don't need the replacement to be on 100% of their salary for not working. 80 per cent, which is equivalent to the compensation for incapacity leave can be a reasonable level. Of the annual income of 7.5 times the income base amount (44.900 sek per month), can the compensation be any lower to the excess of the amount, such as, for example, 60 per cent. Most likely, there should be a cap on the income that the state is part of the covering.

Many businesses have only the owner, or the owner-related persons, employees of the company. These should be within the scope of the state's permitteringsersättningen is based on the wages they received per month during the subsequent period of time (for example, the second half of the year 2019). It can also be the basis for a slightly lower percentage of compensation, when the entrepreneur is still able to perform some of the tasks that are value adding at a later stage of the process. For example, should the percentage be set at 70% of salary during the 44.900 sek 50 per cent of the excess amount of salary up to the ceiling.

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compensation for other fixed costs other than wages and salaries. , however, is not just the wage that needs to be lifted. Although usually disappears as the cost of inputs, if production is closed down, but many of the other costs that continue to exist with building costs, lease costs on equipment, and interest on the loans and subscriptions of various kinds, the cost of the audit, and more. These costs are in the range of 10 to 30 per cent of the sale proceeds.

in Order to ensure that the work places and production facilities are still there, and when the crisis is over, the need for these costs to be covered by the state in an appropriate manner. This means that in such a case, significant public support, straight in the companies, for which we have no knowledge of the extent to which it is now going to be dealt with.

The most immediate way to estimate these costs is to use the method, that is, the insurance companies are already using when it comes to business, that is to say, the insurance that is paid if the activity can not be carried out. The amount by which the company is entitled to, according to this calculation, it can then immediately be made available to the tax clearing account on a monthly basis.

The companies that are taking advantage of this opportunity to kostnadskompensation committed at the same time, that does not pay any dividends to its shareholders in respect of the income year in 2020.

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the Moratorium on the debt.

the tumultuous akutläge incurred to run the risk of hundreds of thousands of people and businesses not being able to pay the debt on time. A moratorium on the use of mainly rental guarantees on bank liabilities should, therefore, be entered until the full impact of the support measures is reached, and the crisis is over.

it is Likely to need such a moratorium to remain in effect for the rest of the year 2020. Likewise, there is personal liability for the tax credits that the business may have to be removed. The rate of interest on any tax credits should, of course, be zero.

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for Example the package easier for the smittskyddsåtgärder. , Even though the total amount will be more than 100 billion a month, over a quarter of the year, so stay statsskuldsökningen in the case of 6% of gdp, and if the period is extended to six months, will be debt is still manageable.

It should also be noted that a large portion of the total amount of funds (perhaps as much as 50% or less) will be returned to the state, the municipalities and the county councils in the form of sales taxes, social security contributions and personal income tax. Such a fiscal package, it also makes it easier for the authorities to take the necessary measures to put an end to the infection.

If we do not promptly take advantage of it flexibility that is now available in an effective manner, there is a great risk that the livschanserna is dramatically reduced for generations to come, and to those who are older, have lower pensions, and reduced access to health and social care.
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