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Old 03-24-2020, 08:02 AM
Magiver is offline
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Join Date: Apr 2003
Location: Dayton Ohio USA
Posts: 29,274
Quote:
Originally Posted by RickJay View Post
$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.
Again, you're NOT going to create a job handing money to individuals. $1,200 is nothing compared to the loss of a job. You WILL lose jobs if businesses collapse. When that happens there will be taxes to pay for the $1,200 individual payment.

And as was pointed out, both businesses and individuals are getting funds. They serve 2 different purposes.