I hate billionaires not spending this pocket change but depending on government for such loans.
But to play devil's advocate, aren't these most/all companies set up as limited liability, and therefore these billionaire owners are absolved of any responsibility to take on such bailouts?
So is this moral problem or more a structural problem on how the enterprise is being set up?
"Billionaires" (or the much, much more common millionaires and hundred-thousand-aires who own most companies) wouldn't "spend the pocket change", they'd just lay people off or furlough them. This program was designed to keep businesses afloat and to keep them from laying off employees. It's a nice idea to think that all these companies would just altruistically keep their employees around doing nothing while they're shut down, but that wouldn't happen.
