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"risk" -_-' Because no private business has ever been bailed out or received any public funding, right?
by LtWorf 4y ago
"risk" -_-' Because no private business has ever been bailed out or received any public funding, right?
- robertlagrant 4y agoYes, that is also bad. Public bodies choosing to give private companies money because otherwise they'd fail is bad stewardship of our taxes. But also this point is silly. Plenty of money and effort is risked and lost with no bailout. Bailouts are extremely unusual in the grand scheme of things.
- LtWorf 4y agoNot rarer than bankrupcy.
- robertlagrant 4y agoAre you sure? According to Statistica there were over 700k bankruptcies in the US from 2000-2020 [0]. How many bailouts have there been? [0] https://www.statista.com/statistics/817918/number-of-business-bankruptcies-in-the-united-states https://www.statista.com/statistics/817918/number-of-busines...
- LtWorf 4y agoA lot more. For example, but not only: https://www.businessnewsdaily.com/15639-trump-covid-19-sba-loans.html https://www.businessnewsdaily.com/15639-trump-covid-19-sba-l...