patrick.net

Dena is kind of hot. Thick, dark bush, I would imagine

Stupid bitch compares the US to socialist European countries, while our economic competition is filthy third world countries with no safety net.

I do think other countries such as Germany did better here. They gave loans in return for guaranteeing continued payroll (no layoffs) for those businesses expected to rebound with the openings. The US SB loan program has been a mess. But either way the real problem were the unconstitutional lockdowns.

OccasionalCortex says

mell says

They gave loans in return for guaranteeing continued payroll (no layoffs) for those businesses expected to rebound with the openings. The US SB loan program has been a mess.

that isn't better. That's worse.

Compare:

US system: Furlough the fuckers. No loans imposed on an already over-extended-business. Instead, the workers get unemployment bennies that were already paid for (technically) but the employer side of the payroll taxes they already paid. End result: WAY better outcome for the business in question.

Germany: Loans. Which firms have to pay back. German state does not have to pay out as much unemployment...which were paid for with even MORE crushing payroll taxes on both business and workers than in the US.

IMO the tax structure is too different to make an assumption on what is "better" in this case, same as with VAT vs sales tax. The loan program in Germany is voluntary so I don't see the problem. I do know that many hedge funds, brothels etc. got money while other businesses are still waiting for the pot to be replenished. This was from a point of view of a company that has locations here and in Germany and other parts of the world and their experience with the different programs was pretty interesting.