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re: SBA loans in stimulus---basically give aways for any business with less than 500 employees
Posted on 3/29/20 at 6:57 pm to YF12
Posted on 3/29/20 at 6:57 pm to YF12
quote:
You would have millions of people shooting down the door of your government office if you let millions of small businesses completely fail because of direct orders that you forced upon them That aint free market or any other kind of market but totalitarian market
So you’d rather the federal government step in due to the state or local government’s failures, to offer magic money that will later cripple that business because of the significant interest they will pay and the impending consequences of inflation? No, what we should be doing is eliminating more regulations and cutting income taxes and payroll taxes by a significant amount. Get government out of it and restore economic liberty; let the market respond. Some companies may have to go through bankruptcy, but that’s the cost of freedom. You take risks and you win and you lose, and hopefully come out better if you lose. But what we should be doing is making it easier for companies to run their business, not ensnaring them to the federal government.
Posted on 3/29/20 at 7:15 pm to DyeHardDylan
quote:
So you’d rather the federal government step in due to the state or local government’s failures, to offer magic money that will later cripple that business because of the significant interest they will pay and the impending consequences of inflation? No, what we should be doing is eliminating more regulations and cutting income taxes and payroll taxes by a significant amount. Get government out of it and restore economic liberty; let the market respond. Some companies may have to go through bankruptcy, but that’s the cost of freedom.
Significant interest rate? It’s 4 fricking percent max.
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