Hold on - Stop the presses ! ! ! I'm mad

rognelson777 · 04-03-2020, 07:57 PM

i guess i was making 2 points to counter your 2 points, 1 being shut down and 2 not collecting unemployment. 1 your business is shut down to hopefully keep you, your employees and customers safe from this virus that has killed 3 racers and is highly contageous. 2 you were complaing that you cannot collect unemployment as a business owner, my point was you get many tax benefits as a business owner to fund your racing operation which far outweighs what you will get in unemployment. so let it go. by the way you can now apply for a loan as a business owner that up to 50pct will not have to be paid back if you can show 25pct was used for payroll and 25pct is used for rent/expenses.

Lew Silverman · 04-05-2020, 05:21 PM

Alright let's see where we are -

CARES Act allocated approximately 350 BILLION DOLLARS to provide relief to the millions of "small businesses" in this country. The idea being is that if you keep those businesses open and their employees paid the impact on the overall economy wouldn't be as bad. In theory, a great idea! Then "somebody" decided to let the Small Business Administration (SBA) supervise the relief plan. You know, the under-funded, under-staffed SBA is going to manage a multi-BILLION relief program(Has anyone tried to deal with the SBA before? Do you enjoy beating your head against the wall?). Bottom-line is that the Secretary of the Treasury now has a large number of financial institutions doling out the money, and if you don't have a previous relationship with "the bank" you'll be waiting for a while, not to mention the "fees" that will be paid to the banks for their largess. And let's not forget that businesses were told to apply for their "relief" payments as soon as possible, because once that 350 BILLION is spent that's it! "First Come - First Served"!.

Is it too early to say "Follow the Money"?

Pat6868 · 04-06-2020, 11:40 AM

In today's world, corporations and the politicians that serve them will make sure it is very difficult for you to follow the money.

04-03-2020, 07:57 PM	#1
rognelson777 Member Join Date: Dec 2010 Posts: 376 Likes: 20 Liked 135 Times in 74 Posts	Re: Hold on - Stop the presses ! ! ! I'm mad i guess i was making 2 points to counter your 2 points, 1 being shut down and 2 not collecting unemployment. 1 your business is shut down to hopefully keep you, your employees and customers safe from this virus that has killed 3 racers and is highly contageous. 2 you were complaing that you cannot collect unemployment as a business owner, my point was you get many tax benefits as a business owner to fund your racing operation which far outweighs what you will get in unemployment. so let it go. by the way you can now apply for a loan as a business owner that up to 50pct will not have to be paid back if you can show 25pct was used for payroll and 25pct is used for rent/expenses.

04-05-2020, 05:21 PM	#2
Lew Silverman VIP Member Join Date: Mar 2010 Location: Newport News, VA Posts: 1,435 Likes: 371 Liked 129 Times in 59 Posts	Re: Hold on - Stop the presses ! ! ! I'm mad Alright let's see where we are - CARES Act allocated approximately 350 BILLION DOLLARS to provide relief to the millions of "small businesses" in this country. The idea being is that if you keep those businesses open and their employees paid the impact on the overall economy wouldn't be as bad. In theory, a great idea! Then "somebody" decided to let the Small Business Administration (SBA) supervise the relief plan. You know, the under-funded, under-staffed SBA is going to manage a multi-BILLION relief program(Has anyone tried to deal with the SBA before? Do you enjoy beating your head against the wall?). Bottom-line is that the Secretary of the Treasury now has a large number of financial institutions doling out the money, and if you don't have a previous relationship with "the bank" you'll be waiting for a while, not to mention the "fees" that will be paid to the banks for their largess. And let's not forget that businesses were told to apply for their "relief" payments as soon as possible, because once that 350 BILLION is spent that's it! "First Come - First Served"!. Is it too early to say "Follow the Money"? __________________ Lew Silverman #2070 "The Wagon Master" N/SA

04-06-2020, 11:40 AM	#3
Pat6868 Member Join Date: May 2010 Posts: 102 Likes: 6 Liked 88 Times in 28 Posts	Re: Hold on - Stop the presses ! ! ! I'm mad In today's world, corporations and the politicians that serve them will make sure it is very difficult for you to follow the money.