Tom Brady bought a yacht

@wildgrass said
What's this about a suggestion of a temporal limit? I don't know what you are talking about.

But yah, well that COVID stimulus (as opposed to PPP) was designed to do exactly what you say, get consumers to buy stuff. You bought shoelaces, compared to Tom Brady who bought a yacht. Both good things but Brady got more. A government handout in both respects.

The rich get r ...[text shortened]... hey would have preferred to grift off the government with no knowledge precipitated to the taxpayer.

If a company Brady had some ownership interest got an $800k PPP loan and some time later, Brady, on a $37m salary, bought a $6m yacht (I say "if" because No1 said so and I'm not really interested in spending the time to fact check him), then saying that the PPP loan paid for the yacht is a serious stretch.

@no1marauder said
Ignoring for a minute that you've completely failed to show Tom Brady personally received a penny of PPP funds, your argument remains a crock.

I, like most other Americans, received a COVID related payment in April, 2020.
In December, I brought a pair of shoelaces. Did the government pay for them?

And what the heck, your claim doesn't suggest any temporal limit, so I guess the government paid for the shoelaces I brought last week, too.

You took government support?? That explains quite a lot

@sh76 said
If a company Brady had some ownership interest got an $800k PPP loan and some time later, Brady, on a $37m salary, bought a $6m yacht (I say "if" because No1 said so and I'm not really interested in spending the time to fact check him), then saying that the PPP loan paid for the yacht is a serious stretch.

44 feet does not a yacht make. It is a mere cabin cruiser

@wildgrass said
Mostly, it stopped the stock market from tanking, which only helped the wealthy. How many dollars did it cost taxpayers to save 1 job for 1 month?

You are wrong. Avg value of pension funds of a US citizen at 65 to 75 yr old is $650,000.
Funds are soundly in the market(s)….Stock market investments, etc, so the market helps all Americans. If you don’t invest and do darts at the Pub, too bad for you. Returns are at 12%. So the folks with $650k earn$78k a year, compounded bigtime. They live on the 78, and the 650? …..A safe nest egg. But they best get away from socialists such as yourselves.

65% of Americans are such invested. So your post confuses our forum, as usual, and here I am cleaning up your mess.

@AverageJoe1 said
You are wrong. Avg value of pension funds of a US citizen at 65 to 75 yr old is $650,000.
Funds are soundly in the market(s)….Stock market investments, etc, so the market helps all Americans. If you don’t invest and do darts at the Pub, too bad for you. Returns are at 12%. So the folks with $650k earn$78k a year, compounded bigtime. They live on the 78, and the 65 ...[text shortened]... are such invested. So your post confuses our forum, as usual, and here I am cleaning up your mess.

Ok, I'm just making sure that you're agreeing with me that PPP was a stock market stimulus corporate bailout, NOT a jobs program?

@sh76 said
If a company Brady had some ownership interest got an $800k PPP loan and some time later, Brady, on a $37m salary, bought a $6m yacht (I say "if" because No1 said so and I'm not really interested in spending the time to fact check him), then saying that the PPP loan paid for the yacht is a serious stretch.

I wrote that he took the money, and then he bought the yacht. These are facts. It isn't clear to me why his salary is relevant to the discussion unless you are saying that he didn't need the money to buy the boat but then the argument is circular because instead of using that money the government gave him even more money than he already had, and then he bought a yacht.

The company name is Tom Brady 12, which is him, so it's not a leap to assume the money goes to him.

If its promised that you won't have to pay back the loan, can you really call it a loan?

@Mott-The-Hoople said
Wildass is just following the dem lib narrative to attack straight white men…Dave portnoy explains it pretty well

This post reveals your bias not mine. If Tom Brady was a lesbian hispanic lady, then, you would say I have a point?

@wildgrass said
Ok, I'm just making sure that you're agreeing with me that PPP was a stock market stimulus corporate bailout, NOT a jobs program?

I Did not follow the hundreds of hours/reasons that went into PPP program, so assume you andSodhouse are correct that it was a boondoggle. So, anyone unjustly enriched including Brady should return the money………………….after Marauder’s son returns the money he got from the same govt, that was going to pay off his personal school loan.
Do you agree? “are you agreeing with me’ as you say above? Will you answer me….i am certainly answering you.
All money returned? Brady and Marauder s son?

@no1marauder said
You're really sufficiently economically ignorant to think that money received in April is used to make purchases 8 months later?

Dictionaries are available online; "temporal" is in them and you really need to learn what it means.

When I have time, I'll debunk the points raised in your longer earlier posts even more so then I already have. But your characterization of a program targeted towards small business has a giveaway to the superwealthy is utter nonsense.

You've gone back on old debunked talking points again. The data shows less than half of the money went to small businesses.

Also, many of the "small businesses" (on the smaller half of the list) were either companies with a single employee (self-employed), no employees (some kind of shell company), or were a subsidiary of a much, much larger company like Amazon.

Some of the money was targeted to small businesses, and correctly so. I'll give you that. But the majority of the money was absolutely a government giveaway to the super wealthy. I don't see any data that contradicts that.

@AverageJoe1 said
I Did not follow the hundreds of hours/reasons that went into PPP program, so assume you andSodhouse are correct that it was a boondoggle. So, anyone unjustly enriched including Brady should return the money………………….after Marauder’s son returns the money he got from the same govt, that was going to pay off his personal school loan.
Do you agree? “are you agreei ...[text shortened]... ill you answer me….i am certainly answering you.
All money returned? Brady and Marauder s son?

It's too late to return the money.

But, obviously, there is too much money in the political machine. Cap or eliminate political campaign contributions, eliminate non-R&D corporate subsidies, raise taxes on wealthy Americans until the budget deficit is gone. Those are the solutions.

@wildgrass said
It's too late to return the money.

But, obviously, there is too much money in the political machine. Cap or eliminate political campaign contributions, eliminate non-R&D corporate subsidies, raise taxes on wealthy Americans until the budget deficit is gone. Those are the solutions.

Raising taxes on the successful “until the deficit is gone “ Please elaborate, what effect would that have on our economy, as their investments and re-investments would slow to a snails pace, and there would be that pesky problem, of no more jobs which they would have otherwise created.
The thriving of capitalism has created our society. Without capitalism, what are you suggesting?

@wildgrass said
You've gone back on old debunked talking points again. The data shows less than half of the money went to small businesses.

Also, many of the "small businesses" (on the smaller half of the list) were either companies with a single employee (self-employed), no employees (some kind of shell company), or were a subsidiary of a much, much larger company like Amazon.

Some ...[text shortened]... s absolutely a government giveaway to the super wealthy. I don't see any data that contradicts that.

The data shows no such thing; the program requirements included one that it go to small businesses. 94% of small businesses got a PPP loan.

You are completely ignorant of the actual program and have replaced reality with some absurd talking points.

@AverageJoe1 said
You took government support?? That explains quite a lot

Who didn't during COVID? You're a liar if you claim you didn't.

https://home.treasury.gov/policy-issues/coronavirus/assistance-for-american-families-and-workers/economic-impact-payments

@wildgrass said
I wrote that he took the money, and then he bought the yacht. These are facts. It isn't clear to me why his salary is relevant to the discussion unless you are saying that he didn't need the money to buy the boat but then the argument is circular because instead of using that money the government gave him even more money than he already had, and then he bought a yacht.

T ...[text shortened]... to him.

If its promised that you won't have to pay back the loan, can you really call it a loan?

The company name is TB12 but unless you think Sam Adam's is getting a check every time I buy a Boston Lager, your "point" is inane.

@no1marauder said
Who didn't during COVID? You're a liar if you claim you didn't.

https://home.treasury.gov/policy-issues/coronavirus/assistance-for-american-families-and-workers/economic-impact-payments

I did not. I had Covid, my insurance paid for everything. I recommend people by supplement insurance. I recommend people are self reliant and take care of themselves. I’ve never received a check for anything from the government. It gives me the creeps to think about it. Truly, why would you think that I would need government assistance for anything? I doubt if you do, but you took money.?
As you project yourself to be, it would not be likely that anyone you know in your circles ever took a check from the government.