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posted by
janrinok
on Tuesday April 21 2020, @04:14AM
from the help-where-it-is-needed,-not-just-where-it-is-wanted dept.
from the help-where-it-is-needed,-not-just-where-it-is-wanted dept.
Denmark extended the duration of its aid programs to businesses and workers and added some new measures to increase spending by about 100 billion kroner ($15 billion).
The government agreed with all parties in parliament to keep aid measures available until July 8, a month longer than previously planned, according to a statement on Saturday. Companies will now be able to get back some value added tax (VAT) payments they made last year as zero-interest loans.
The government also said that companies which pay out dividends, buy back own shares or are registered in tax havens won't be eligible for any of the aid programs, which now amount to a total of 400 billion kroner, when including loans and guarantees.
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Denmark Extends Business Aid to Increase Spending by $15 Billion
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If little else, the brain is an educational toy.
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(Score: 2) by DannyB on Tuesday April 21 2020, @02:08PM
Some people think that aid money must be given to businesses. Not to the populace who is suffering. The trickle down thinking goes that businesses will pay people more and this will stimulate the economy. But we know that they do not ever pay people more. It is a mantra of business to pay everyone as little as possible and demand as much work as possible. Workers are expendable commodities. Only corporations are people. The aid money should benefit the business owners personally, and nobody else. To enrich their lives -- which are already better than most other people.
Others think that aid money should go to the people. If people have money, they are going to spend it. (they aren't going to eat it, or stash it in a mattress) When people spend money, businesses directly benefit. People get the TP they need. Business continues to operate -- albeit through actual work rather than just getting aid money to benefit the owners of the business, with some of it trickling down to the workers.
The lower I set my standards the more accomplishments I have.