I don’t necessarily have a problem with it being an interest-free loan, if it serves to keep a business over water and saves jobs. To me that’s an appropriate use of taxpayer funds. I’m all for taxpayer subsidies if they are balance-positive to the taxpayer, i.e. jobs are preserved and the subsidies result in meaningful economic activity.
What’s bad is when otherwise profitable businesses use threats of job cuts and closures to obtain taxpayer bailouts so they can keep paying big bonuses and shareholder dividends. A lot of that happened through COVID, and the taxpayer threw billions at big business for very little in return. So maybe restrictions on layoffs and such would need to be written into a system like that. The punitive aspects need to incentivise the intended behaviour and strongly disincentivise the wrong behaviour.
Lucky Number Slevin
Man On Fire
Syriana
Equilibrium
And for some solid Australian cinema: Mystery Road