Countries and territories are responding to the economic ramifications of the pandemic
Emergency
economic measures taken by many countries and territories in response to liquidity
crunches by the SARS-CoV-2 crisis essentially foresee for generous compensation
for short-time working arrangements as well as loans - sometimes secured by
guarantees - and, if necessary, subsidies. These measures help the manufacturing
industry; on the other hand, they take no account whatsoever of the special
features of the service industry and thus of tourism. Rather, this sector
should primarily be considered for helicopter money for legal entities
(companies) but also for the self-employed, thus placing the emphasis on
subsidies. Possible means of implementation: A negative lump sum tax.
