Exactly. Or bailing out the banks that were outrageously reckless in the lending and mortgage instruments, or the airline, autos, airlines again, banks again, oil subsidies and various other giveaways and tax freebies to the rich and super-rich.
Fun fact about PPP loans: The people who were processing applications were understaffed. In order to get the most money allotted for the program out into the hand of the people, they prioritized the applications with the large ones addressed 1st.
Poor and smaller orgs applying didn't get processed.
Typically, you can leverage a 5:1 loan. You put down 20% and are loaned the rest. However, business and the rich have access to more leverage. Imagine pumping 5 trillion into buying houses. That would be a 5:1 loan.
Again, the rich have access to more leverage so it would be more than that.
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I pay for my kids' breakfast. I shouldn't be paying for anyone else's.
Poor and smaller orgs applying didn't get processed.
House prices in the USA surged after PPP loans began to be distributed.
If you were rich and getting half a trillion handout what would you invest in when you can’t trust stocks? Real estate.
Again, the rich have access to more leverage so it would be more than that.