101–110 of 346 posts
Directly via bailouts and indirectly via inflation, COVID was the biggest wealth transfer to the rich in history.
How does inflation help the rich? Doesn't that devalue their net worth?
I don't blame the execs, I would have done the same.
Earlier quoted context omitted.
>Fund people, not companies it depended. large corporation like Apple don't need the money but mom and pop shop that is forced to close during the peak should receive money. the sad thing is corporation that clearly can make it thur covid is receiving the largest amount like https://www.npr.org/sections/coronavirus-live-updates/2020/0...
>mom and pop shop that is forced to close during the peak should receive money. No, they shouldn't. Don't give any money to any corporations, give all the money exclusively to people. If Mom and Pop run a business, they can get cash as humans to float their business, just like any human could. They could temporarily lay off all their staff (which is OK, because their staff are humans, and are also getting cash) There…
Companies are more that just a collection of people.
Directly via bailouts and indirectly via inflation, COVID was the biggest wealth transfer to the rich in history.
How does inflation help the rich? Doesn't that devalue their net worth?
Directly via bailouts and indirectly via inflation, COVID was the biggest wealth transfer to the rich in history.
How does inflation help the rich? Doesn't that devalue their net worth?
Earlier quoted context omitted.
>Fund people, not companies it depended. large corporation like Apple don't need the money but mom and pop shop that is forced to close during the peak should receive money. the sad thing is corporation that clearly can make it thur covid is receiving the largest amount like https://www.npr.org/sections/coronavirus-live-updates/2020/0...
Or, instead of funding either corporation, just give mom and pop money. Instead of business bailouts, we should've done regular, recurring stimulus checks that would help business owners cover bills while they're businesses were closed, and help employees cover bills while they're unable to work.
Edit: These emergency financial support measures I was referring to are:
- "Temporary emergency scheme for job retention" (NOW)
- "Temporary self-employment income support and loan scheme" (TOZO)
- "Reimbursement Fixed Costs" (TVL)
More info (in English) on gov websites:
- https://www.government.nl/topics/coronavirus-covid-19/inform...
- https://english.rvo.nl/subsidies-programmes/reimbursement-fi...
Edit 2: Oh wait there is more:
- "Subsidy scheme for events cancelled due to corona measures"
- "TVL Stock Support Closed Retail"
- "R&D subsidy scheme for the mobility sector" (RDM)
- "Temporary Support for Necessary Costs" (TONK)
- "Arrangement for businesses damaged by curfew riots" (RBC)
More info: https://business.gov.nl/corona/overview/the-coronavirus-and-...
Earlier quoted context omitted.
Not rich here. Wife's company got COVID loans. They were forgiven. Company had to prove money was spent on rent, salaries, benefits. Company didn't make money on it. Employees were able to keep their jobs. No bonuses involved there.
Yes, and what did those employees who would have otherwise been unemployed spend their money on? Likely rent was the #1 item, thus transferring wealth from tax dollars to asset holders.
Your comment is written as if a rent payment is a transfer from one person to directly to someone else’s savings account. I’m not convinced this is true.
Directly via bailouts and indirectly via inflation, COVID was the biggest wealth transfer to the rich in history.
How does inflation help the rich? Doesn't that devalue their net worth?
Directly via bailouts and indirectly via inflation, COVID was the biggest wealth transfer to the rich in history.
How does inflation help the rich? Doesn't that devalue their net worth?