Read Millionaire Fastlane
I've Read UNSCRIPTED
- Oct 31, 2011
You are assuming there is a finite amount of Fiat currency being printed and that if you take it it means somebody else’s deprived of it. Meanwhile, they are doing a third stimulus as we type. This is unprecedented window. If you pass, it’s not like it is going to your client that operates a escape room only if you abstain. The money is still flooding out, you’re just not going to receive any.This is going to be an unpopular opinion around here, and not targeted to anyone specifically (since I don't know most of your businesses), but I don't really care.
I would encourage you to think hard about whether you need these programs. Most of you want to be a capitalist, but that means weathering the tough times as well.
I have clients, and I know others, who have literally gone to zero revenue. The money in these Bills sounds like a lot, but a couple hundred billion really isn't going to go far considering how many businesses have been forced by the government to close.
We aren't applying for any of these programs. Could we qualify? Probably. And how are they going to be able to underwrite millions of applications anyway?
But we'll survive without it, and maybe it will go to my client who does escape rooms and has literally ground to a halt, or one of the many restaurants in our town that has been forced to close but still needs to make rent payment (and retain their chef).
I'm not going to be the reason someone else has to shutter their business due to a government-mandated close.
I 100% percent understand and honor your choice. However, you need to understand it is your money that is flowing out.
I’ve paid more taxes in the last few years than most people pay in a lifetime. I have no problem clawing some of it back, Especially during a window where my own cash flow is crippled.
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