Are you with me? I want to know which multi-millionaires applied for small business stimulus money while others are living week to week..?
Those are the businesses that I will be boycotting.
Those are the businesses that I will be boycotting.
?
Favorite Answer
Let us know when you find the answer. BTW, you won't find it here. Good luck.
Sam
I'm with you and those found to have gained should be jailed.
Also, every politician who sold stock knowing there was an impending shutdown announcement, which caused the market to soar downward, should be sent to prison.
dewcoons
Probably the ones that needed assistance with having the cash flow to be able to make payroll for their employees so that they would not have to laid off and lose their jobs. Adding them to "living week to week" people who can not longer pay their bills.
The stimulus money has to be used to make PAYROLL. It has to be used to keep people working. It can not be used to pay dividends, make capital purchases, etc. At least 75% of it has to go directly to pay employees (not the owners.)
Multi-millionaires do not have money bins where they go swimming every day in their cash. Their wealth is tied up in stock, business capital, real estate, etc. It is not like they can write a check for a months worth of payroll. they would have to convert assets into money and then reinvest that cash back into the business. (Which may not even be legal for them do.) They would have sell stock (which nobody is buying which is why the market is crashing) or sell real estate (which no one has the money to buy.) Or sell capital equipment (which they can not run the business without).
So the idea that some multi-billionaire could step in and bankroll a failing company for several months is nonsense. That is not how business works. They do not have the money on hand to do that. And strict ownership and investment laws would not allow them to do.
If Bill Gates were to convert his entire fortune into cash and evenly divide it between every person in the US, each person would get a little under $350. Like that is going to solve their financial needs for the next three months. (Not!!)
And once Microsoft is gone (since it is now bankrupt) that is another 144,000 people (living day to day) who are permanently out of a job. Plus all the IT people who support Microsoft products. Plus all the business who need Windows to run their business. Plus all the computer manufacturers.
Your idea would totally crash the world's economy for the next couple of decades.
No, the smarter answer is to get money into the hands of business owners (the multi-millionaires) so that they can keep their businesses afloat for a few weeks until things reopen and they can put people back to work.
Also these are LOANS. They have to pay them back. This is NOT free money that they get to keep. They have to pay it back with interest. And they have to account for every penny of it. It has to go to employee payroll, not to the owner's pockets.
Anonymous
Oreo & company to take the show on the road