Give it a chance...

This will be short. I'm a tax accountant and, even though the tax deadlines have been pushed back a few months, I'm still busy today.

My plea is for business owners around the USA to let the "trickle-down" economics of PPP loans do their job. What do I mean by this? Basically, I am asking that business owners resist the temptation to pocket eight weeks of payroll (plus an additional amount up to 1/3rd of the payroll). This is obviously not a problem for businesses that will be retaining employees who would have been laid off, absent the PPP loan program. On the other hand, if your company wasn't planning on furloughing employees then the PPP cash starts to look like a giant pile of free money. I say "free", but we all know that isn't an accurate description. The cash is coming from taxpayers: past, present, and future.

Before you grab your torch and pitchfork, let it be known that I am NOT inferring business owners aren't entitled to business profits. I am in full support of capitalism as one of the greatest methodologies for motivating men and women to work hard, innovate, and achieve great things. What I am suggesting is that the taxpayer dollars being doled out to businesses across the country, intended to benefit the employees on payroll, should actually end up in the wallets of said employees. We will probably never know the true motives of our elected officials, or why the $2T got split the way it did, but we can all try to make the best of a bad situation.

That is my two cents. Take it or leave it.