In this article in The Atlantic, Derek Thompson lays out a plan on how we can prevent a Great Depression for 2020. He writes about the legislation already passed and then puts together a new plan to cover those areas not covered by the CARES and HEROES acts:
HR6407 is a purposefully horrible law and a gross miscarriage of justice that continues to this day. No other government agency at any level nor any federal contractor or private company has been mandated by law to fund retirement accounts 75 years into the future. The damage done to one of our national treasures by this law continue
Capitalism’s most fundamental rule is: if workers have no money then business has no customers. Today, with our economy at a practical standstill and federal politicians more interested in serving their donors rather than the people, this is more true than ever before. This sad reality is slammed into all our faces as we waddle through this Covid-19 pandemic.