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Molson_Hart's profile
Molson Hart
Molson Hart
Molson Hart
@Molson_Hart

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Molson Hart

@Molson_Hart

CEO at http://amazon.com/viahart . CEO at http://edisonlf.com . I tweet about business, e-commerce, supply chain, health, law, & infrastructure

Austin, TX
Joined July 2015

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    1. Walter‏ @walt373 Mar 17
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      Replying to @svrnco

      It's so much more complex. You need to bail out millions of businesses as opposed to a handful of financial institutions. While expressly forbidding business and spending from taking place. Trillions of $ need to be helicopter dropped very soon or the economy will collapse IMO.

      1 reply 0 retweets 4 likes
    2. Molson Hart‏ @Molson_Hart Mar 17
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      Replying to @walt373 @svrnco

      You drop the helicopter money and then what? Here’s a gift card to Mickey D’s! Oh sorry Mickey d’s is closed and we’ll fine you if you leave your house.

      2 replies 2 retweets 7 likes
    3. David Orr‏ @orrdavid Mar 17
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      Replying to @Molson_Hart @walt373 @svrnco

      So everyone doesn't lose their home and business.

      1 reply 0 retweets 1 like
    4. Molson Hart‏ @Molson_Hart Mar 17
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      Replying to @orrdavid @walt373 @svrnco

      Unemployment insurance? Sure. But it's not clear to me how handing out checks to everyone, both restaurant workers who will be suffering, and WFH tech employees who won't, will solve the problem.

      1 reply 0 retweets 0 likes
    5. David Orr‏ @orrdavid Mar 17
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      Replying to @Molson_Hart @walt373 @svrnco

      Say your business had high fixed costs like rent or interest. And the government said, "You cannot conduct business for 3 months." And so you lose everything. I think many people in that situation feel cheated and never return to business. Rightfully so, in my mind.

      1 reply 0 retweets 0 likes
    6. Molson Hart‏ @Molson_Hart Mar 17
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      Replying to @orrdavid @walt373 @svrnco

      Helicopter money doesn't solve that problem though. I'm all for unemployment insurance for the employees who lose their jobs, but I'm basically against bailing out the business owner. Business owners must take the good (chance of outsize returns) with the bad (this).

      2 replies 0 retweets 1 like
    7. David Orr‏ @orrdavid Mar 17
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      Replying to @Molson_Hart @walt373 @svrnco

      I'll try to think of a good example to win you on this. It's specificly: forcing a biz to shut down, but telling them to eat costs. That isn't capitalism. These businesses would be fine if folks were free to do what they want. They'd just inadvertently kill 4 million.

      1 reply 0 retweets 1 like
    8. Molson Hart‏ @Molson_Hart Mar 17
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      Replying to @orrdavid @walt373 @svrnco

      Actually you kind of are winning me over. If government says “restaurant shutdown” government ought to foot that bill. That said, what a clusterfuck that will be to manage.

      1 reply 0 retweets 2 likes
    9. Molson Hart‏ @Molson_Hart Mar 18
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      Replying to @Molson_Hart @orrdavid and

      Let’s walk through an ideal situation: Govt: “close all restaurants for 3 months. You will receive your net income from last years tax return divided by 4” Restaurants: lay-off employees, cannot pay rent with this money. Unemployment insurance covers employees but not landlord

      1 reply 0 retweets 0 likes
    10. Molson Hart‏ @Molson_Hart Mar 18
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      Replying to @Molson_Hart @orrdavid and

      Govt: “close all restaurants for 3 months. You will receive last years sales divided by 4 but you must pay your landlord and employees and suppliers” Restaurants: *cheat the hell out of the system because too hard to enforce*

      1 reply 0 retweets 0 likes
      Molson Hart‏ @Molson_Hart Mar 18
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      Replying to @Molson_Hart @orrdavid and

      It’s worth remembering that even though restaurants are only closed for 3 months, there’s no guarantee of demand after the 3. Maybe best solution is to shut down restaurants and then offer 0 or very low interest loans that are govt backed to start them up again? I dunno.

      8:14 AM - 18 Mar 2020
      1 reply 0 retweets 0 likes
        1. Molson Hart‏ @Molson_Hart Mar 18
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          Replying to @Molson_Hart @orrdavid and

          Imho, the problem is not fixable. Business is not always fair. Employees get insurance, but landlords, banks, and entrepreneurs ought to eat shit. You take risks to earn big money, you must deal with consequences when you get unlucky. And again, insurance was available!

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