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The PPP was an upward wealth distribution. It might look like a technocratic accident, but things always, always, always shake out this way. On a similar note,
by ted_bunny 4y ago
The PPP was an upward wealth distribution. It might look like a technocratic accident, but things always, always, always shake out this way.
On a similar note, the ~$2000 of assistance most Americans got went straight to landlords. This crisis was fully exploited by people who knew exactly what they were doing.
- robswc 4y agoWho is "they" ? https://www.federalpay.org/paycheck-protection-program/top-loans https://www.federalpay.org/paycheck-protection-program/top-l... Seems the loans were capped at $10 million? Maybe I'm missing something... But it seems any "they" that is able to manufacture an "accident" of this scale would see $10 million on a good market day. I'm not at all saying there wasn't abuse but I don't see any conspiracy when incompetence or laziness makes much more sense.
- ted_bunny 4y agoNo conspiracy necessary. Just class interests in action.