Nobody is going to have to pay anything back now or later because the money given out was printed not borrowed. We might suffer from inflation however due to increase in money supply. People have plenty of money to spend when the ruling class allows the serfs to remove their masks so we shall see how supply and demand plays out.Originally Posted by The Boz
While I don’t agree with your comments on the lower end workers, you are partially right about the business comment. The bigger fraud was PPP which was used to pay payroll to businesses that stayed open. The vast majority of which would have never closed down during this because their services were in demand. They received 8 weeks of Free Payroll to pay employees that they would have otherwise paid.Originally Posted by Darkoz
A good example I know is Dominos pizza. They set sales records week after week because they were already a Take Out and Delivery business. There was more demand than ever for their crummy pizza and they hired more drivers. And 100% of their payroll was covered by the government (which of course is us taxpayers). They had no need for PPP but were rewarded by it.
Other small businesses and restaurants got it as well. And magically increased payroll by adding family and friends to No Show jobs and are splitting their gains.
It’s a textbook example of government waste and not thinking things out before reacting. It also shows that many Americans will find ways to never miss an opportunity to take advantage of a situation. And have no morals when doing it.
When the books are written, this event will go down as one of the costliest government failures of all time, if not the most. Regardless of what side you are on, generations will be paying for this forever.
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