Small businesses
- Thread starter Arkansas_Laserback
- Start date
All businesses employ people.. just because a business is big doesn’t mean it’s bad. Just because someone is a billionaire doesn’t mean they are necessarily immoral.
The point of this stimulus is to keep people paid and working. Another solution is to put people back to work as soon as is feasible
This is why both parties suck. We needed to take care of small businesses, not billion dollar hedge funds who got their staff on the loan app before a small business could and sucked up all the funds.
Those big restaurant chains already got a huge tax cut in 2019 and now they are sucking the “small business” loans up too.
Democrats and Republicans are truly sickening. Signed off by the orange idiot.
Those big restaurant chains already got a huge tax cut in 2019 and now they are sucking the “small business” loans up too.
Democrats and Republicans are truly sickening. Signed off by the orange idiot.
The restaurant employees have been let go, and are already collecting unemployment. Ruth Chris is not going to bring people back to serve empty restaurants.
I don't know the businesses getting screwed, but the sooner the customers return again the better. The businesses operating on the margin are dead. It's terrible.
Yep. Golds gym shut down all 10 St. Louis locations for good. They were not super profitable so they just gave em up once Rona hit.
It does suck that the money was used up before small businesses had a chance. Hope they get some $$ to small businesses.
How about we cut all foreign aid immediately and take care of our people!!!
How about we cut all foreign aid immediately and take care of our people!!!
The problem is the big companies have had their lawyers getting them in on these loans early and scarfing up all the money before the little guys even get a sniff of it and money ran out Thursday night.
Let’s get them back to work. When you send money out in two weeks, of course there will be inequity. If he moves slower that would be a problem too. It’s not easy for anyone right now.
Being old and retired ain't a bad gig these days, that check keeps on coming, but I'm still old so there's that.
The point of PPP is to pay wages to employees. Paying $10 M to Potbelly for them to pay it to employees isn't really a bad thing if you want these employees to stay off unemployment.
Not the greatest look from a PR standpoint but it likely kept a number of them off of unemployment that we'd be paying out anyway.
All of these programs are going to have some leaks. Stimulus checks are going to people who filed a 2019 tax return but died on Feb. 17th, for example. You're going to have to accept a certain amount of leakage in emergency action bills if the goal is to get money in people's hands quickly. You just don't want it to be in absurd amounts. PPP, by all accounts, is generally getting to small businesses, and it is getting paid out pretty quickly. The leakage from this program is going to be much lower than some of the silly, large-scale actions we're taking like dumping cash into airlines or Boeing without wiping the equity to zero, as well as some of the discussions about what they might do with oil.
I know a person whose spouse died mid year of 2018 and had not yet filed her 2019 tax returns when the checks started going out so she got the $2400. her tax people told her she would not be asked to return the $1200.
Also I just read about a woman who owns two small businesses that had to shut down and she got a couple of the loans for a total of about $200k to pay her workers. She thought she was very lucky to get them and a had virtual meeting with her employees. She was surprised to find out they were pissed off about it. They said they could make more from unemployment and the extra money being thrown in by the the government and they feel like SHE took that away from them.
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