Preston Hollow neighbor and Mavericks’ owner Mark Cuban shared tweets Sunday about how to save small businesses during the coronavirus pandemic. He said it was time for the government to push “trickle-up economics” to save small businesses, because the Paycheck Protection Program isn’t cutting it, according to Market Watch.
“The only thing that will save businesses is consumer demand,” he wrote in a series of tweets Sunday. “No amount of loans to businesses will save them or jobs if their customers aren’t buying.”
His thoughts:
- Have a transitional jobs program that hires millions of people for a federal tracking/tracing/testing program, along with support for at-risk populations.
- Implement a spending stimulus program that provides 128 million households with a $1,000 check every two weeks for the next two months. Issue a rule that it must be spent within 10 days.
“We have to get to that point where the White House standard becomes the national standard, I think, in order for consumers to feel safe going out, in order for employers to feel completely safe bringing people back to work,” he said.
Cuban’s name has been mentioned as a potential presidential candidate in the 2020 election.
https://twitter.com/mcuban/status/1262084931779518465