A Hand Up to American Citizens in Need. No “Bail-Outs” to Corporations:

The COVID-19 crises should not be used for corporate welfare or “bail-outs”. We can loan industries money to help, but they must pay it back. Just like we did in the financial crises.

Our government can also pay the airlines to shuttle much-needed respirators, medical equipment, and staff throughout our country. Empty hotels and cruise ships can also be converted under government contract to hospitals which would dramatically increase the number of existing rooms overnight. This will create jobs and funnel money to industries hit the hardest.

Financial support payments should go directly to middle and working-class Americans who have lost their jobs due to this crisis. They are the only ones who should receive outright grants to preserve their families. We can use the existing unemployment process and payment system to address this rather than trying to create a new system that will take time. W9’s and layoff letters from employers can be used to confirm eligibility. We cannot afford another government “aid” program with massive corruption and theft. People who do not need this aid should not get it, certainly not millionaires or people earning over a predetermined level as reported on their 1040 form.

I have been outspoken against government-sponsored corporate welfare payments to support any individual company or industry. This smacks of favoritism and often goes not to the most deserving companies but instead to the companies that pay the most money to lobbyists. This is an unfair redirection of the taxpayer’s funds which should be directed to help individual Americans who are worried about putting food on the table and paying their rent.

https://www.bisnow.com/orlando/news/commercial-real-estate/orlando-needs-to-get-out-of-corporate-handout-business-noted-developer-says-74715

https://www.bisnow.com/tags/max-king-realty-ceo-brett-kingstone

I fear that there are many in the government and in the private sector who will try to take advantage of this crisis and burden it with so much pork that our great-great-grandchildren will still be left with paying these bills. We need to be responsible and fair in addressing this issue. An ill-conceived “aid” program can spend out of control. It will only serve to punish our citizens with inflation and a national debt burden that will be even more harmful in the long term than the current crises itself.

We need to make sure that we will have the funds available in the future to deal with another crisis downstream. Therefore we must conserve our capital and limit our debt.