I think this is totally wrong.
Why, if the law allows it? They have staff to pay as well. Now there are issues I have with the PPP, especially as a recipient, but this isn’t a case of someone misusing the law as written.
They are not misusing the law as written. It is just strange that you would want to ensure that the government t never tells you what to do, but they bail you out in times of trouble.
That applies equally to all businesses. I don’t want them to tell me what to do either.
However, a one time program set up to keep businesses afloat is a bit different than changing you tax status permanently, or accepting federal funding.
Pretty much every not for profit in the country would shut their doors or suffer massive layoffs; they have no buffer of profit with which to ride out these down turns; in that sense, one could argue they need it more.
We live in unprecedented times and we need to be flexible with unprecedented solutions.
This topic was automatically closed 14 days after the last reply. New replies are no longer allowed.