Quote: @A1Janitor said:
Social programs to save small businesses and individuals in national emergencies. This cannot be sustained.
Socialism has failed in other countries.
There are programs for individuals - expansion of who qualifies for unemployment, added 600 per week for unemployment to states, 1200 per person stimulus.
SBA programs are for businesses. Disaster relief (which was tied to businesses with employees only, if available at all), and Payroll Protection Program. The PPP hurts businesses potentially over other options.
Disagree. (Not on socialism)
I will not get the 1200 stimulus, as I "make too much".
I work as an LLC, independent contractor.
As such, I do not pay into "unemployment", and therefore do not qualify for unemployment benefits. Fair enough, but that knocks-out that 600/week thingy, for me.
Actually, I'm not unemployed....but I'm 'reduced employed' by 3/4'ths, normal activity.
NOT BY MY DECISION.
The company I'm "tied to", reduced hrs by half, and reduced my remaining potential activity by half, by the "social distancing" rationale.
(whether I'm truly an IC, llc, is an argument for another day)
Just the other day, my accountant called me to make sure I applied for the PPP, which I would qualify for. I did.
11 separate documents, submitted. (thankfully, my accountant did it, for a $400 fee)
Today, learned the SBA/PPP program is "out of money" and DEMS are fighting an increase.
I don't know yet, if my app got in before the 'bankruptcy', or not.
This PPP would have been my first "draw" on any social aid since my college loans, 30 yrs ago....which I re-paid, with interest X4.
Of course, this type (SBA/PPP) of aid cannot be sustained....but it's clearly a one-off. And that's where I disagree.
Why should sitches like mine, be the only losers in a 4T government handout largesse?
If I don't get my PPP aid, cuz filed after the DEMS arbitrarily decided the program was "done".... I'll take it off my taxes. IN FULL.
See you (whilst I'm in handcuffs) in court.