3 ms·
It's not quite that simple. If you give people $2k and businesses nothing, people aren't going to spend that money on businesses. They're not allowed to do a l
by onlyrealcuzzo 7y ago
It's not quite that simple.
If you give people $2k and businesses nothing, people aren't going to spend that money on businesses. They're not allowed to do a lot of things they usually spend money on. Retail, restaurants, hotels, live entertainment, airlines, movie theaters, etc would go bankrupt en masse. I'm not sure that's actually a problem. The responsible businesses that had cash would buy the poorly managed businesses at a discount. Long term, this could possibly lead to even worse inequality. Not to mention, a lot of the jobs might be destroyed permanently.
I do agree that I think it would've been better for most people to only give people the money. There would still be a lot of losers.
On the simplest basis, most restaurants and hotels are small businesses. The majority of them would lose their business. $2k would do nothing for them. And the majority of these business owners are decidedly not rich.
- wonderwonder 7y agoI do agree, but note I did say another 2 - 3 trillion in small business loans / grants. Is that enough? I am not sure, but I do agree that if not managed correctly much like the housing crisis those with cash will swoop in and buy the distressed businesses. I just don't see how what we are doing currently is going to prevent that though. The white house is actively picking winners and losers in the business world with almost no congressional oversight and has fired the IG responsible for it.