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Jan 15, 2022
9:29:39pm
kosmokramer Starter
RE: Those are vague talking points. I would like a specific example of the
PPP loans. Many businesses I know (including the one I work for) got hundreds of thousands of dollars despite their revenue not dropping at all. Most of this was just adding to the bottom line of the owners. I know many businesses did genuinely need it but many did not and still legally qualified for and received money. Way more then that stimulus checks the everyday Joe got.

Federally backed student loan program has made universities and banks rich and students poor with debt. Imagine lending money to an 18 yr old clueless kid with no assets or collateral and you have zero risk on the loan???? This is a jackpot for banks. Universities can sell their crappy product (in many instances) to kids who can’t afford it but the government guarantees the loans, it’s easy money for these big institutions with billion dollar endowments. It’s a racket.

Electric car tax credit helped make Elon Musk a lot of money. Lots of green energy initiatives have made plenty of money for larger companies with lobbyists.

Depreciation expense on real estate is a huge win for the wealthy. Taking an expense when you didn’t have one and the value of your “depreciating asset” is going up and up. Many corporate expenses are a win for the wealthy that make little sense for the American people to be subsidizing.

These may not be the kind of examples you are looking for, but every bill passed is heavily influenced by lobbyists and lobbyists are paid for by the wealthy and/or large organizations.

Many hard working wealthy people get hosed with high taxes, I am not talking about them. I love and appreciate wealthy entrepreneurs.
kosmokramer
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kosmokramer
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1/15/22 8:21pm
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