4 ms·
The problem is a lot of handouts didn't help anybody. Was just wasted, or bought like 2-3 months max. Now that's over with and there needs to be another, or a b
by gremlinsinc 6y ago
The problem is a lot of handouts didn't help anybody. Was just wasted, or bought like 2-3 months max. Now that's over with and there needs to be another, or a better idea...
Alot of these businesses struggle because they have recurring bills: Rent, Mortgage, Utilities, etc... if all recurrables were 'frozen' or allowed 'pay what you want/can afford' then arguably everyone would be on better footing.
E.g. Big bank has ten malls, Malls go to businesses and ask for rent, J.C. Penny's is like we can only pay 10%. Mall goes back to Big Bank and says our customers can only pay 10% each, so that's all we can pay. Bank's like sure w/e it's a crisis.
Utitility companies, etc. same thing.
Obviously there's other costs of business, but that would save a lot of the issues. Do the same of course for residential/renters as well, cause everybody is in the same boat. Then we'd need less stimulus $$.
In other words try to make sure everyone's minimum (got the roof over my head) is met, and this would've been a good way to do that.