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Harvard gets $9 million (despite their $41 billion endowment)

#14

(04-20-2020, 02:19 PM)StroudCrowd1 Wrote:
(04-20-2020, 02:14 PM)TJBender Wrote: The thing about all this and why I kinda sorta understand it is that most chain restaurants and hotels are franchised. It's got the Ruth's Chris name on the sign, but that particular location might be owned by Joe Smith. Ruth isn't hurting, but Joe is, and he needs that loan to make payroll, because the corporate office isn't helping. I'd prefer to see that money go directly to the franchisees and not the company, but to look at a Days Inn sign and say that hotel is doing fine and shouldn't get any stimulus funds shows a lack of understanding of how franchises work. Days Inn is fine. That particular Days Inn has probably laid off most of its staff to keep the lights on.


Says the guy who's whining because his $200k income means he doesn't get a $1,200 Inflation Day present.

My complaint was that the government assumes people in a certain income bracket do not experience hardships from a pandemic.

Let me break it down for you like this. Let's say hypothetically I make 200K a year and 75% of that 200K is from rental property income. When judges won't take eviction cases and people stop paying rent because some talking head on TV thought it was a good idea that directly impacts said person making 200K a year.

See how that whole trickle down thing can impact people making too much to qualify for stimulus relief?

Did they incorporate? Then they should receive small business loans as part of the stimulus--should have, anyway, before all involved handled those funds like a dozen monkeys [BLEEP] a football. Did they not incorporate? Good God man, why not?

And there's my heartless angle, too: I make a whole lot less than $200K, and I've managed to build up an entire year worth of safety net in savings. If something happens, I could change absolutely nothing about the way I live and sustain for an entire year. That was before the stimulus deposit came in. If someone making $200K hasn't figured out how to build up a six-month safety net, even if that involves not spending as much, then I don't know what to say beyond fire your accountant if you have one, and hire one if you don't.
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RE: Harvard gets $9 million (despite their $41 billion endowment) - by TJBender - 04-20-2020, 02:40 PM



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