One thing a lot of people don't realize is how lucrative the pandemic has been for big business. The stock market is entirely driven by it.
We now have a situation where many big businesses, politically connected companies, and investors *want* a lockdown. Which is wild.
We now have a situation where many big businesses, politically connected companies, and investors *want* a lockdown. Which is wild.
One of my best friend's family owns a relatively large manufacturing operation in Canada.
Orders were *delayed,* not gone.
They received cheap capital, and labor subsidies. In other words, free money. He's super excited about how much cash the government just gave them.
Orders were *delayed,* not gone.
They received cheap capital, and labor subsidies. In other words, free money. He's super excited about how much cash the government just gave them.
His also made a point I made.
Companies need labor. The labor subsidies are free money. They weren't going to fire everyone and not do business.
People are so worried about losing their job, they were willing to subsidize their own wages.
Companies need labor. The labor subsidies are free money. They weren't going to fire everyone and not do business.
People are so worried about losing their job, they were willing to subsidize their own wages.
https://twitter.com/StephenPunwasi/status/1304035124435193857?s=20
I'm not saying don't provide pandemic relief, but if you're going to provide it – cap how big the companies are that get it.
Mom and pop need money. So do small restaurants that are functioning at 25% capacity. Guys that live in $10 million houses like my buddy? Probably not.
Mom and pop need money. So do small restaurants that are functioning at 25% capacity. Guys that live in $10 million houses like my buddy? Probably not.
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