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What’s the point of the page if the information is incomplete ? For example the number about the 466 million federal loan I believe does not include the fact th
by mgiannopoulos 3y ago
What’s the point of the page if the information is incomplete ? For example the number about the 466 million federal loan I believe does not include the fact that it was paid back with interest (so taxpayers made money on that).
- justapassenger 3y ago> For example the number about the 466 million federal loan I believe does not include the fact that it was paid back with interest (so taxpayers made money on that). Trump is found guilty of fraud, even tho banks made money of his fraudulent deals.
- grotorea 3y agoThat is still a subsidy, no? It's money that materially improved the health of the company. Does everyone and every company who wanted 466 millions had it available? And was the interest and other loan conditions market rate?
- inemesitaffia 3y agoThe subsidy here is the difference between the regular bank interest and the actual interest. Likely in single digit millions
- deleted 3y ago[deleted]
- mrtksn 3y agoI guess the point is listing the public loans and grants awarded to a businessman who happens to be trying to influence the government? Can be useful in many ways, for example can be a talking point about the wonders of having a federal government. Can be useful for having a context when a businessmen campaigns against taxes and subsidies. Can be used against certain businessmen claiming they did everything by themselves, unlike those unsuccessful poor people or lazy immigrants. It's something interesting to keep in mind when demanding drastic changes on how the world should work.
- bko 3y agoA business man, trying to influence government?? You don't say. In all seriousness, the argument that one benefits from the current system but advocates for a different system is not acceptable is just wrong. We can't all be living in a cabin in the woods. We're allowed to have opinions
- mrtksn 3y agoThat's not the argument though. The argument could be something like "let's have a government that can interfere when necessary". Useful when businessmen start pretending that things are happening in a vacuum and the environment they operate exists spontaneously.
- light_hue_1 3y agoHow is the information incomplete? The 466 million loan is not counted as a subsidy. And they say right there on the page that there may have been repayments.
- mgiannopoulos 3y agoWell, if the page included the easy-to-find fact that the loan was repaid with interest, it would be more complete.