Friday, April 17, 2020

Not Stupid, Evil...

How hard is this to understand?

The government is giving small businesses money during the crisis, they are passing it out with no strings. The money is called a loan, but it will be forgiven if you follow the "rules". 

Right.

The most important thing right now is to get the money to people who need it, you know the workers. These "loans" kinda, sorta, require that but they don't.

In simple terms, if it costs you $1,000 a month to run your business and your operating costs (rent, payroll, etc) are $900. The first requirement to get your loan should be, PAY YOUR EMPLOYEES! Send them home, send them their paychecks. If you do that, you'll be ready to open up when things return to normal. The bonus is this, your employees will continue to pay the rent or mortgage, they'll pay taxes, social security, medicare and that helps everybody and of course the money you pay them will circulate back into the economy. 

You get a nice bonus too. 
  1. The people who work for you will be appreciative and think you're a decent human being and they will come back to work happy and healthy the day you open the doors.
  2. Your day to day operating costs will drop while the doors are locked, like gas, electricity. You won't have to buy as much shit as you normally do.
  3. If you're smart you can put some of this money back into your business, maybe even set up a rainy day fund. Update your clunky ass computer system, hire somebody to wash your dirty windows.
  4. You get to pay yourself.



Of course, this is hard to do when we have a Treasury Secretary who thinks a $1200 check with the president's signature on it will last the average person 10 fucking weeks.

3 comments:

  1. that famous question ...ask a politician how much a pint of milk costs

    ReplyDelete
  2. I wonder where the money went that was sent to the businesses who have already furloughed their employees and the employees are already collecing unemployment?

    ReplyDelete