ST Alpha - "Eh. Just because they could access the funding, doesn't mean they should have if they didn't need it. -- (edited)" (Reading a Post)

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In response to "PPP Naming and Shaming is Why We Can't Have Nice Things. -- (link)" by spamlet

Eh. Just because they could access the funding, doesn't mean they should have if they didn't need it. -- (edited)

Posted by znufrii, silly old man (aka znufrii) Jul 14 '20, 07:20

The stimulus argument fails if they would have continued to pay their employees anyway. The takeaway obviously isn't that we shouldn't have created the program the way we did in the first place, but that we need a better mechanism to claw back funds, probably through higher taxes on corps that were successful enough not to need the money they took.

Responses:

If you don't use the money for salaries, it's not forgivable. It becomes a loan you have to pay back. - spamlet Jul 14, 07:28 1
- simple. you use the PPP money for salaries, and use the money you would have otherwise spent on salaries for executive bonuses instead. -- nm* - znufrii, silly old man Jul 14, 07:28

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Eh. Just because they could access the funding, doesn't mean they should have if they didn't need it. -- (edited)

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