Smash Notes

What Does @chamath Think About Using Government Money For Company Bailouts

If the big business use this money to buy-back their own shares, the companies will look fantastic on paper, but it won't do much for the economy. Under current circumstances we need to let some of these companies fail, and reinvest these dollars into individual Americans, in a form of cash grants for the duration of the shut down.

All-In · COVID-19 & Impact on Startups, Venture Capital & Public Markets · at 54:13 · ·Transcript

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