"Lots of businesses close every year, how do we know that they didn't just close WITH COVID-19 rather than FROM it?"
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"All this economic impact is overblown. My friend's cousin's third ex-wife lost her business, but it was in the red anyway"
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"The median length of time that businesses stay open is 2 years, most of the businesses that have closed in 2020 did so after 2 years so have we really lost anything?"
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"Only 5% of the businesses that closed were debt-free, therefore it's probably just debt that's causing all these COVID-19 economic problems, not the disease"
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Because we have economic data to compare pre/post and from previous years, and for similar businesses in other towns...?
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And we have excess mortality data??
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A lot of businesses had pre-existing conditions and shouldn't be counted as closing due to covid.
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So I absolutely see the point but there’s a sad amount of truth to that statement. A lot of companies had toxic debt and the crisis exposed it. The difference here is we’re bailing out the companies that were the most toxic, while it’s not so for the most at-risk of covid.
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"I took this financial instrument, and now my business feels 20 years younger!"
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