>>> the reason for being “poorer than ever at the end of this” will be because of the event itself and not the response to it
I'd beg to differ on that. If the economy was left to crash, the cost of housing and rent could go down, which is the main expense for most households.
What the cash injections are doing is holding these high at all costs, transferring money to those who already have assets. The non owner classes will be poorer than ever, facing ever unaffordable housing with extra taxes to cover the bailout debt.
Instead of this. The government could decide that leases for the tax year 2020-2021 are getting their prices slashed 10% and there would be different consequences on the economy.
It's all largely driven by human decisions. The virus has no say in that.
