Quote:
Originally Posted by Encroaching Death
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I'm not denying there was fraud.
There will be fraud with the student loan forgiveness if it ever happens too.
You seem to think all PPP money went to Bill Gates or Elon Musk or something.
It didn't. It paid for payroll. MOST people have jobs. If their company fails, there goes their paycheck.
PPP money went directly to employees. I'm sure some were even college students.
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Your problem is you seem to think the reason matters.
"Oh PPP is justified because without it, so many people would have been out of business and/or jobless!"
Yet without student loan / education reform, or some form of forgiveness, an entire generation will be saddled with such profound debt as to essentially be condemned to a life of wage-slavery with close to zero discretionary income to power the economy.
Yea, they shouldn't have taken out loans like that and then failed to find a good job. And yea, the businesses should recognize that apocalyptic shit can happen, and you need to have a rainy day fund to stay afloat in tough times, or to adapt and survive.
Bailouts are fucking nonsense both for businesses and individuals. Unfortunately, we live in a world where there are bailouts, and they ONLY go to subsidize hard times for corporations who then keep their profits when spring comes. If we're going to be doing bail-outs, bail out some people who fucking need it for once.