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Old 03-23-2020, 11:10 PM
RickJay is offline
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Join Date: Jun 2000
Location: Oakville, Canada
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$1200 a person won't motivate a company to keep you employed, either. You can't create jobs by handing money to companies. They have no reason to hire people because they get handouts; if it made sense to lay off X employees they will keep doing that even if you give them a bag of money. (Why wouldn't they?) You can try to base the bailout money on them keeping a certain number of employees, but such deals are complex and rarely end up saving jobs. You're also creating, of course, a gigantic moral hazard. No supporter of free markets and capitalism should support that.

Giving money directly to the individuals inevitably means that money will be spent on... stuff. The companies that provide that stuff will be rewarded for running effective businesses, and THEY will employ people.
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Last edited by RickJay; 03-23-2020 at 11:11 PM.