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And yet businesses still laid off people, people lost their job, homes and struggled to feed themselves. propping up failed businesses is preventing the capita
by katbyte 3y ago
And yet businesses still laid off people, people lost their job, homes and struggled to feed themselves.
propping up failed businesses is preventing the capitalism/the market from working. Why save for a rainy day or ensure your business can weather a storm when you can just do stock buybacks abs shovel money to the shareholders and the Goverment will prop you up?
It’s better to just ensure people’s needs are taken care of then this weird “trickle down middleman” plan that literally never works.
- gruez 3y ago> And yet businesses still laid off people, people lost their job, homes and struggled to feed themselves. The fact that people got laid off regardless shouldn't be an indictment of the program. We should instead compare to the counterfactual where the PPP program hasn't bee implemented.
- katbyte 3y agoi mean it sure seems like it is? if the intent was to prop up businesses that did not plan for a black swan event so people could keep their jobs.