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Many businesses need more than $250k in cash to cover payroll, many of which are not large sophisticated institutions that have the expertise to look into the r
by nerdponx 4y ago
Many businesses need more than $250k in cash to cover payroll, many of which are not large sophisticated institutions that have the expertise to look into the risk management practices of any bank they might be interested in.
- anon291 4y agoBusinesses do not have rights to exist or engage in commerce independent of the individuals which constitute them. That is to say, if business X did not do risk management because it is small and unsophisticated, it is okay to let business X wind down, whereas it is not okay to let a human go hungry because they are unsophisticated. Humans have rights, Businesses do not. I'm as conservative as they come (look at my post history), and I am flabbergasted by people from both sides of the aisle who honestly, truly believe businesses have a right to exist, including welfare for when they are unable to. When it comes to human life, given by God, we are obligated to spend almost any amount that we can in order to preserve that life. When it comes to business existence, we are not. By all means, welfare programs should immediately be expanded to help the individuals affected (including the business owner) to not go hungry, or be without medical care. By no means should the business continue to operate via welfare magic. Hopefully, for the business owner, the individual welfare availability will give him/her some time to get back on their feet and potentially start the business again with new capital if needed. But the source of that capital is not a concern of the government. That's for the private market.