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This is crazy to ponder given it’s only been a couple weeks. I feel terrible about so many smaller businesses teetering close to insolvency.
by bthrn 7y ago
This is crazy to ponder given it’s only been a couple weeks. I feel terrible about so many smaller businesses teetering close to insolvency.
- tjr225 7y agoThis is the exact problem with rampant “capitalism” and Raeganomics. This is where we end up. Bailouts for the rich and corporations and that’s it. Things seem great until they don’t. And then it’s go fuck yourself. No matter how conservative you are I ask you to look in the mirror and ask yourself if this is really how you want your kids to live.
- eyegor 7y agoIt's less about insolvency and more about having a ton of savings. The entire business model is driven by customers, and they go from netting $2k/day to losing on salaries and rent. How long do you think a successful bar could survive hemorrhaging money on a daily basis, with no hopes of when customers would be allowed to return? What bank is going to write a loan that risky to keep them afloat?
- icelancer 7y agoGive them what the government gives large industries: Bailouts and direct cash payments, plus a loan.