Quote:
Originally Posted by
MumblesBadly
Druff, I know that you like to be first to post about fucked up things the government does because of endemic political corruption, but I rushed to post about this story because I was constipated today and spent a bit of time on the john in the truck stop I’m at. Please excuse me for stealing your thunder on this story.
Over 43,000 US millionaires will get ‘stimulus’ averaging $1.6 million each
https://nypost.com/2020/04/16/43k-us...ing-1-6m-each/
This is actually the stupidest thing I have ever seen posted.
Every small business I know of uses pass-through, either as a LLC or a LLC taxed as an S-Corp.
We clear a million a year, but employ 70 people and our payroll is multiple hundreds of thousands a month. We have a couple options...take PPP or fire about 25% of our staff.
Yes, some people are taking advantage of it but the vast majority of small businesses are more or less non-functional right now, and if we wanted to do the best for the company we would just fire those people. PPP gives us an 8 week window to see where the economy is at going forward.