News for hackers. Stuff that matters.

A comment on Almost 90 percent of NYC bars and restaurants couldn’t pay August rent. Parent comment

Re:Almost 90 percent of NYC bars and restaurants couldn’t pa... by ars on Tuesday September 22, 2020 @12:23AM (#24550822)
Yah, those numbers just cover rent. If you want to cover payroll as well those numbers are going to skyrocket.

If you think that's a good use of money, well, make your argument. But please include a cost while doing that. You can't just say "bail them out" and not say how much that will cost.

Maybe it's affordable, maybe it's not - but be upfront with your numbers.

[ Parent | on HN ]
Re:Almost 90 percent of NYC bars and restaurants couldn’t pa... by runawaybottle on Tuesday September 22, 2020 @12:52AM (#24550971)
It’s doable the same way VC funding for startups is doable. Post vaccine, we expect this industry to thrive again. Bail out the immediate financial commitments, and provide interest free federal loans that don’t have to be repaid for up to three years (similar to student loans). Hell, similar to the loans we gave too big to fail banks once upon a time.

I’ve paid for unjust wars in my lifetime and I’ve paid for global financial scams in my lifetime, so I’m prepared to pay for simple restaurants surviving the apocalyptic numbers we’re hearing (60% of restaurants not reopening according to Yelp).

[ Parent | on HN ]