Kanye West made $170 million this year, but took a $2-5 million PPP loan from the federal government that could have gone to a small business whose owner didn’t have it sitting in his personal bank account.

It was 2% of Kanye’s income. This is

PPP program was a finite amount of funds meant to help keep people employed.

But because funds went to people like Kanye, who has the means to pitch in and save his own employees’ jobs and not beg the federal government to pay, many smaller businesses went without.
He can say it saved 100 jobs at his company but he ignores the fact that
*he* could have saved 100 jobs at his company.
I focus on Kanye because Forbes just released its highest paid celebrities list and he was #2 (behind sister in law Kylie Jenner). But hedge funds and other celebs also got PPP loans. The program did not favor small businesses in real trouble, restaurants in particular.
Kanye, Khloe Kardashian, Tom Brady, Jared Kushner’s family, billionaire developers—all snapped up these loans. Their access to banks—and no doubt in some cases the Trump Admin—helped them get to the front of the queue.
Thoughtful piece about why the wealthiest folks getting emergency federal funds isn’t the spirit of the program. The government should take a glance at incomes of business owners to determine whether they really *need* federal help more than others.
https://t.co/Xx3LY0G6Cc
Another reality is that the government guided the program in a way that locked in loans for eligible businesses and left many out of the equation. That needs to change.
But take a dive into the last year. Recipients might argue PPP was available to many and claim they never took from someone else.

But realize that the first round of loans were snapped up in thirteen days. How many small businesses failed in the interim?
https://t.co/d7DS7NoLXS
The second round of money went much slower: businesses reported confusion about applications, guidance, rules of the program. Banks have been accused of pushing bigger clients to the front of the line. Loan sizes got smaller. Just not efficient.
https://t.co/mszHYFKbcY
Our system spent billions on a program that did not target the areas which were most vulnerable. Instead, wealthy and large businesses got government loans and maintained profits. Thats good for some aspects of the economy, but reality is people have empty bank accounts.
We have to do better.

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Rig Ved 1.36.7

To do a Namaskaar or bow before someone means that you are humble or without pride and ego. This means that we politely bow before you since you are better than me. Pranipaat(प्राणीपात) also means the same that we respect you without any vanity.

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Surrendering False pride is Namaskaar. Even in devotion or bhakti we say the same thing. We want to convey to Ishwar that we have nothing to offer but we leave all our pride and offer you ourselves without any pride in our body. You destroy all our evil karma.

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We bow before you so that you assimilate us and make us that capable. Destruction of our evils and surrender is Namaskaar. Therefore we pray same thing before and after any big rituals.

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तं घे॑मि॒त्था न॑म॒स्विन॒ उप॑ स्व॒राज॑मासते ।
होत्रा॑भिर॒ग्निं मनु॑षः॒ समिं॑धते तिति॒र्वांसो॒ अति॒ स्रिधः॑॥

Translation :

नमस्विनः - To bow.

स्वराजम् - Self illuminating.

तम् - His.

घ ईम् - Yours.

इत्था - This way.

उप - Upaasana.

आसते - To do.

स्त्रिधः - For enemies.

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अति तितिर्वांसः - To defeat fast.

मनुषः - Yajman.

होत्राभिः - In seven numbers.

अग्निम् - Agnidev.

समिन्धते - Illuminated on all sides.

Explanation : Yajmans bow(do Namaskaar) before self illuminating Agnidev by making the offerings of Havi.

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