Реакция МИЛЛИАРДЕРА на Обращение Президента ПУТИНА. Коронавирус. Карантин. БИЗНЕС и Работа в России
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Why do you think the president addressed the nation?
Does it mean everything went wrong or maybe it’s the other way around?
My honest opinion is simple – that is a situational response to the actions that have been taken by the main leaders of other countries.
For example, yesterday India declared quarantine, just imagine, a country with a billion and a half people,
or almost a billion, declares quarantine, and gave the people 4 hours to carry out quarantine.
Imagine that in 4 hours everything is closed and the only activity that remains is staying at home, that’s all.
Before that, the UK prime minister had declared absolute quarantine.
So, a so-called wave of countries being put under quarantine has started, and of course, in order not to become the last country to declare quarantine or not to declare it at all,
I believe that the decision to declare quarantine is correct from the political point of view.
But I also believe that it would be absolutely right to actually declare quarantine, but what has been declared is not a quarantine, my friends.
What has been declared is a so-called package of measures, a package of the president’s initiatives.
The main concern is that it is still not a quarantine again.
There is a high chance it will not allow to save jobs, therefore small and medium-sized enterprises will have to reduce staff because they are obviously out of money.
That’s why I tried to find out what kind of support would be provided for small businesses so that they can save jobs.
And what does the president say about loans?
The president says that banks shall postpone fulfilment of loan obligations for small and medium-sized companies, but doesn’t specify how it will be done.
So I’ve contacted a bank and asked them how and when I can find out how they are going to follow the president’s instructions.
The bank told me the following, “Dear Igor Vladimirovich, there are no legal acts, no instruction, we will have to think it over”.
I said hold on, there is a particular small enterprise that has to service a loan; according to the president’s
decision they want to know what supportive measures you provide for them.
They said they didn’t know.
That’s why I have a question whether the banks will respond to this decision in time, and even if they do, when will it happen?
Won’t small enterprises die before they receive assistance?
Our inability to guarantee that help will arrive in time is a very big problem.
Igor, here is a question from a subscriber right about the layoff.
Are you as an entrepreneur being pressured by the government to save jobs?
The thing is that I do understand myself that if I don’t save jobs now, I’ll lose those chains that I have created for many years.
That’s why I do my best to save them. But the thing is that I can’t save them if there is no income in some businesses.
In the restaurant business, for example, there was a 30% drop in income last week, and this week, it’s just started, the drop is 70%.
It’s impossible to save any enterprise of the restaurant or fast food business.
Impossible. Now all of them are starting to close down.
People are not put on leave anymore, they face a so-called temporary layoff.
It means that if the situation doesn’t recover over the coming month, and there are no chances that it will recover, these people will be dismissed.
That’s why all businesspersons and entrepreneurs, including me and everyone I’ve talked to, everyone will save jobs.
They have created their businesses themselves, with their own hands.
They won’t kill it. But what will be the price to pay?
Could you tell us more about the measures introduced by Vladimir Putin?
Let’s be more specific, what do we know for the day?
Look, the sick pay will increase, that’s a big plus.
The unemployment assistance will increase, that’s good.
In order to support families with children that are eligible to maternity capital,
there will be 5 thousand-ruble payments to support each child up to three years of age.
I think it’s ridiculous, what’s the use of these 5 thousand rubles?
It’s nothing. Well, someone will say that it’s better than nothing.
I think 5 thousand rubles is not enough, I’d put a proposal that there also should be payments for people who have lost their job,
who have been dismissed and laid off in the period of crisis, but I’m afraid that my list of these economic measures will be too long.
One of the most popular questions in our chat room is what to do with the dollar, whether it’s worth buying now and where to invest in in the present situation?
Yep, it’s quite simple with the dollar. In the current financial matrix we live in, I stress that it’s a financial matrix based on the dollar,
in times of crisis, the dollar will be a safe haven everyone will aim at running to.
The US government, the Federal Reserve System will keep emitting dollars, and the USA will keep unfairly using them to buy values created in the whole third world.
Have in your possession small savings in case of emergency, I mean one shouldn’t waste his/her last penny on risky activities or even on self-education.
So, made a kind of savings or reserve for yourself.
If you have ruble deposits, now there’s no point in buying dollars anymore.
The main correction has already happened.
Indeed, if the oil price keeps going down, the dollar-ruble exchange rate will change again.
However, the thing is that, imagine if it doesn’t go down but remains roughly at the same level, and if you buy dollars and try depositing it,
you know the amount of interest the banks add to a dollar deposit? 0.5% or 2% at most.
So, roughly speaking, it’s not about savings, and exchange rate fluctuations really depend on oil.
That’s why look, if you want to save your cash, keep 70% of it in the currency you pay
expenditures in and 30% — in other currencies, for example in euro, dollar or in something exotic.
Igor, lots of entrepreneurs are watching our video and asking plenty of questions.
So, we have this tax deferment for small and medium-sized businesses, it appeared (exclusive of VAT),
as well as loan extension for those self-employed entrepreneurs who have suffered from COVID-19, and a six-month moratorium on bankruptcy.
Do you think these measures are enough for businesses to keep the lights on?
The proposed and introduced measures, even if they are put into action, will lead to slowdown of the process of bankruptcy, to a slight slowdown.
But certain entrepreneurs who are now cutting jobs, closing down their restaurants and so on, I personally know them, they are in shock.
They say, “Igor, these measures will in no way slow down our tactical decisions on closing the restaurants and so on. No income.”
Just think about it, a 70% fail in the income is the end, it’s the end of income flow.
20% decline in turnover means you work for minus. How many days can you work for minus?
That’s why look: it’s absolutely fine that the measures were initiated, but in fact it’s not enough.
And one must understand only one thing – today, my friends, we have to reckon on actual implementation of the measures, declared by the president.
But it’ll happen only if we pay great attention to it and demand it.
You know it yourself, nothing happens in Russia if we don’t demand, so get your rear in gear and demand.
I mean, the things that are declared in the president’s initiatives – may at least these things weaken a blow.
The blow will be heavy, but we’ve withstood worse things, let’s take at least what the president declared.
Igor, there are two points that I personally haven’t sorted out. Could you explain them?
The first one is that income payments in the form of interests and dividends to foreign accounts must be subject to tax at the rate of 15%, that’s the first thing.
The second one is that interests and income from bank deposits and debt securities that are over 1 million rubles must be subject to tax at the rate of 13%.
The question is who will benefit from it and who will suffer?
You know, these rates of 15%, this taxation for interests and dividends to foreign accounts or 13% on the income from bank deposits and debt securities,
the level of this initiative is the following – it’s about changes in the Tax Code that aren’t made like that.
And if they are, it is a situation of emergency, I mean the country is facing an emergency situation.
Tax introduction by the president’s decision is impossible except in an emergency situation,
because when an emergency situation is announced, no law is in effect, only the reaction rule of the emergency response headquarter is in force.
And this point makes me wonder a lot as well. Are we facing an emergency situation?
Then I can’t comment on timely and correct reaction measures because I’ll proceed with them.
Now I’m going to ask a question of absolutely everyone’s concern. The vote on the new amendments to the Constitution has been postponed for an indefinite period.
How long do you think this period will last? When it will take place? And what do you think about this postponement in general?
When everyone is scared, the social immunity gets dramatically lowered, the ability to create protection and freedoms,
the ability to create protection from control or power abuse is sharply lowered when everyone is frightened.
In these situations, they shouldn’t make any irreversible changes in social order,
because under the influence of extreme emotional disturbance people may cut off their legs, arms, jump from the 9th floor and so on,
that’s why I’m against making any important and fateful decisions in the period of such cataclysms.
In this sense I support this decision, but at the same time I criticize it because, firstly, I think it was announced too late, and secondly, there is no timeframe.
So, if it’s cancelled, let’s think of when it can be scheduled.
Now I have this additional uncertainly that the vote date can be scheduled situationally, and I’m worried again.
But why situationally? Why can’t it be postponed for a year so that we don’t return to it for a year but together,
by joint efforts, fight for jobs, for saving the wellbeing of our citizens and so on?
I would welcome such a decision but I don’t have any influence on it. But I do welcome.
That’s why now I’m voicing it like a proposal.
Dear friends, those who haven’t subscribed to my channel yet, as 70% people who watch me are not my subscribers,
I’m personally asking each of you to subscribe and to click the bell icon.
The fact is that things are moving under a very dramatic and, above all, very rapid scenario,
and I will stream live and make videos on a regular basis in order to guide you through the waves of this uncertainty.

