you're downvoted (i upvoted) but what you're saying is completely true. everyone that downvotes is one of those "well akcshually..." people. it's plain as day that it's true even if it's not formally true. the formal rules of governance and policy are manipulated to make it so. it doesn't not mean that it isn't so. the old adage that there have always been things that were legal but immoral/unethical applies. longer you bury your head in the sand (people that dissent without any substantive response) the longer we will be mired.

here's an example: do you all realize that the banks providing these loans are being paid essentially commission [1] for making the loans? anywhere from 1% to 5%? 5% on 500B is 25B in the pockets of bankers. why?

[1] bottom of the page here under PPP incentives https://www.chapman.com/insights-publications-SBA_Paycheck_P... . and if you think covering "processing fees" isn't commission then ask yourself as a programmer why it's not a flat incentive? does it cost more to process the paper work for 100k loan than a 10k loan?

edit: what in the fuck am i getting downvoted for? i have a literal citation of a tax attorney. i'm not editorializing or taking anything out of context or whatever. it's right there:

>the SBA will reimburse lenders for PPP loan processing fees, based on the disbursed loan amount: 5% for PPP loans up to $350,000; 3% for PPP loans greater than $350,000 and less than $2 million; and 1% for PPP loans of $2 million or more

what could you possibly disagree with here??? jesus christ forgive me if your naive understanding of the world doesn't reflect reality.