As we are all aware by now, part of the current bubble is driven by the fraudulent PPP loans. According to a govt oversight committee, an estimated of 90 billions of PPP are fraudulent since banks distributing these loans are not required to check the legitimacy of the loan applications (as written by the law passed by the congress). PPP loans benefit greatly to the business owners and largely leave out most people with a W2 income (yes Mitch McConnell said people are too “flush” with the 1400 stimulus check, while at the same time his wife Elaine Chao's company got somewhere from 350k to a million). Essentially, the scheme subsidized the rich folks by someone working at McDonalds. Politicians (both Dems and Republicans) turn a blind eye to it as they are the ones wrote this into the law. And that's why Joe's promise of repealing TCJA never materialized because the politicians have no incentive to help the regular folks and they have to protect the wealthy class. As the system has essentially failed us, it is more important than ever to vote for people who aren't taking corporate donations personally or their PACS. Some ways we can help combat against this fraud is to report fraudulent activities: •Report PPP fraud online anonymously https://www.sba.gov/partners/contracting-officials/contract-administration/report-fraud-waste-abuse •Search people/company by name to see if they have PPP loans forgiven (yes you can literally type in people's name if they had applied for a PPP loan) https://projects.propublica.org/coronavirus/bailouts/