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https://www.washingtontimes.com/news/2015/sep/24/golden-hammer-epas-fondness-for-high-end-furniture/ https://www.washingtontimes.com/news/2015/sep/24/golden-ham
by rmk 5y ago
https://www.washingtontimes.com/news/2015/sep/24/golden-hammer-epas-fondness-for-high-end-furniture/ https://www.washingtontimes.com/news/2015/sep/24/golden-hamm...
This is a painful read. $814 for a container for pencils? Really? Even more egregious is highly-paid (and I really mean, highly paid, even more than most SV people) employees who do not show up for work (the kicker: they also got bonuses, apparently)!
But this is chump change compared to some of the excesses of last year. The Paycheck Protection Program was basically a huge stimulus program, with many loans being 'forgiven'. That's right, going concerns that anticipated difficulties in operating their businesses (note that they had not actually run into trouble) took out these loans that were later forgiven. This program was nearly a trillion. That's a Trillion. With a T. I'm sure some of this saved businesses from going under, tiding them over until they could recover, but in a highly inefficient, wasteful way. Of course, it will be cast as 'Stimulus' when fiscally-minded people ask for an accounting, and more taxes, such as this one, which lays hands on unrealized gains, will be proposed to fund such 'Stimulus' benders!