Saw someone recently post, "Greatest regret: not committing PPP fraud."
Lest we forget that little giveaway to the boss-class.
Lest we forget that little giveaway to the boss-class.
I was thinking today about Conservative fascination with trans folks. They certainly aren't segregating their bathrooms at home, but have some weird hangup with doing so in public.
I think some % of the population are "low trust" (most people won't do the right thing, therefore it's OK if I do not do the right thing/I need to protect myself) and some are "high trust" (most people will do the right thing, so I should do the right thing/I'm safe).
The US has been teetering towards a "low trust" cultural and political landscape and the way to drive this even further is to take away safety nets and create general economic chaos, effectively destroying social trust. Even the whole RTO debate is really a question of high/low trust; executives have low trust in the workers they hire so they want them in office, even if it's less productive, yields higher turnover, and leads to lower morale.
The reason Taiwan and New Zealand did so well during the pandemic is perhaps partially because they are both "high trust" societies; your fellow citizens generally did the right thing and followed the rules.
Aside: Mr. Beast claims to have lost tens of millions on the (Amazon) show Beast Games.
So sure, they used it to pay employees, but they also pocketed what they would have used to pay employees.
But also huge fraud which was by design.
A suboptimal but net positive program. What more could you expect from orange man.
> Many who participated in what prosecutors are calling the largest fraud in U.S. history — the theft of hundreds of billions of dollars in taxpayer money intended to help those harmed by the coronavirus pandemic — couldn’t resist purchasing luxury automobiles. Also mansions, private jet flights and swanky vacations.
> They came into their riches by participating in what experts say is the theft of as much as $80 billion — or about 10 percent — of the $800 billion handed out in a Covid relief plan known as the Paycheck Protection Program, or PPP. That’s on top of the $90 billion to $400 billion believed to have been stolen from the $900 billion Covid unemployment relief program — at least half taken by international fraudsters — as NBC News reported last year. And another $80 billion potentially pilfered from a separate Covid disaster relief program.
> https://www.nbcnews.com/politics/justice-department/biggest-...
As much as you claim it had to be used on salaries, it mostly wasn't. That's why it's called fraud.