Seems doable? Except .... did you forget about all the other places not paying rent? My guess is around 10 million of them.
So "only" $60 billion or so per month.
Is that affordable? Well, do you want to pay that in taxes?
Seems doable? Except .... did you forget about all the other places not paying rent? My guess is around 10 million of them.
So "only" $60 billion or so per month.
Is that affordable? Well, do you want to pay that in taxes?
Restaurants provide jobs, probably 20ish jobs per restaurant. If every restaurant closed down, that's something like 12 million unemployed people who can no longer find employment at those restaurants.
Some of those employees might even make enough money to pay taxes and not get their tax money back.
What do you think the solution is, rather than just slamming someone's theory on what to do?
If you think that's a good use of money, well, make your argument. But please include a cost while doing that. You can't just say "bail them out" and not say how much that will cost.
Maybe it's affordable, maybe it's not - but be upfront with your numbers.
I’ve paid for unjust wars in my lifetime and I’ve paid for global financial scams in my lifetime, so I’m prepared to pay for simple restaurants surviving the apocalyptic numbers we’re hearing (60% of restaurants not reopening according to Yelp).
Those unemployed cooks and wait staff won't be unemployed for long, and perhaps throwing money at commercial rents isn't the best way to help them.