Some BIG Bands Have REALLY Upset The US Government

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  • čas přidán 20. 05. 2024
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    Recently, some high profile US Politicians have accused some major bands and artists of misusing government money, with basically no proof... But is their actually any truth to it?
    00:00 Intro / Story Background
    00:56 Save More & Spend Less (Rocket Money Ad)
    03:09 How Do PPP Loans Work?
    05:15 The Government Report/Accusations
    07:27 Where's The Proof?
    08:30 Bands As A Registered Business
    09:49 The Entire System Is Rigged
    10:48 Some Artists Were SUPER Obvious
    14:03 Why Target The Music Industry?
    15:16 Breaking Down ACTUAL Salary Costs
    16:12 The Pot Calling The Kettle Black
    17:12 Final Thoughts / Outro
    ----------
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Komentáře • 495

  • @TankTheTech
    @TankTheTech  Před 4 měsíci +10

    🤑 Try Rocket Money for free: RocketMoney.com/tankthetech

    • @SeattleFira
      @SeattleFira Před 4 měsíci +1

      no joke, RocketMoney actually helped me out some time back :D have a great day brotha

    • @tacticorememes
      @tacticorememes Před 4 měsíci

      Trust us Tank, not all Constitutional Conservatives support Rand Paul, my guy.

  • @daphneeversole2937
    @daphneeversole2937 Před 4 měsíci +177

    The lady I worked for at the time got a PPP loan when we shut down, she had to provide how many hours we worked a week and how much each employee made an hour. When she got the loan, she kept the money and claimed she didn't have to pay us since we were closed. A few of us reported her and nothing ever happened.

    • @tod3msn
      @tod3msn Před 4 měsíci +18

      There are and continue to be many PPP prosecutions. Many stories exist on the net.

    • @hitthegoat
      @hitthegoat Před 4 měsíci +41

      And those very same people bitch about forgiving student loan debt

    • @eaglez1901
      @eaglez1901 Před 4 měsíci +18

      MTG got a PPP loan also by lying

    • @Nergal667
      @Nergal667 Před 4 měsíci +30

      @@eaglez1901All the Congressmen who cried about 20K student debt forgiveness took out millions in PPP loans, which were forgiven.

    • @afrosheent3arcmichael69
      @afrosheent3arcmichael69 Před 4 měsíci +7

      Good banks are one of the many tools of the devil.

  • @dlmyrs
    @dlmyrs Před 4 měsíci +21

    Members of Congress actually had their PPP loan repayments waived as well. And not just a few. They do have legit businesses, but who’s going to call them out. This PPP was ripe for fraud.

  • @Tetarkall
    @Tetarkall Před 4 měsíci +118

    It’s great to hear that we normal, little people got tightly restricted, small payments that were kept track of very closely, but the higher up in wealth and social status you look, the looser the restrictions were on who could claim benefits, and how much of a benefit they would receive. It’s like even this “help” we received was just a wealth transfer from the taxpayers to the rich and famous 🤔

    • @markbond08
      @markbond08 Před 4 měsíci

      Originated under Trump btw

    • @Caddis496
      @Caddis496 Před 4 měsíci +13

      How's it go again? "What's classy when you're rich but trashy when you're poor?" "Getting money from the government."

    • @Tetarkall
      @Tetarkall Před 4 měsíci

      @@Caddis496 It’s not trashy for taxpayers to receive money from the government that they pay to support. These rich people that received OUR money for no real reason, that’s trash.

    • @colinschafer5453
      @colinschafer5453 Před 4 měsíci +2

      True. I was furloughed from my job for two months when covid first hit. Furloughed. Not laid off. I was going to be brought back asap, which I was. I got a letter saying that there was some issue with my unemployment claim and it was fucking impossible to get a hold of anybody to straighten it out. In a way I was lucky bc I was only out for two months, but I also had to dip into my savings for all my bills and everyday expenses, which sucked. Meanwhile everybody else was on unemployment for like a year getting all this extra money every week. I think it was like an extra 600 bucks a week on top of your unemployment. I tried for literally a year to get my money and never did. Ultimately, I was more fortunate than some and survived it. Still pissed me off though. When I did finally get a hold of somebody literally a year later they were like, how long ago was that? Yea, you’re beat. Move on pal. They had an issue and I’m beat. But whatever. I’m over it. I swear!

    • @Tetarkall
      @Tetarkall Před 4 měsíci

      @@colinschafer5453 I was lucky because I got to keep working through the whole “pandemic”. I am sorry to hear what you went through, that sounds insanely frustrating and stressful. I’m glad you made it through!

  • @matthewjoy475
    @matthewjoy475 Před 4 měsíci +49

    It's been sort of an open secret that the PPP system was pretty significantly abused by businesses who received funds with absolutely no consequences. I'd like to think most of them used the funds appropriately but I also know better.

  • @rinehardt6837
    @rinehardt6837 Před 4 měsíci +30

    I think it's hysterical that he's talking about these loans when there were members of Congress and Senate and others connected to the government themselves that got PPP loans and had them fully forgiven. Some of these were people who were already incredibly rich.

    • @erix5184
      @erix5184 Před 4 měsíci

      And these same assholes are against poor people getting $10k in student loan forgiveness. "Got Mine Fuck You", that should replace E Pluribus Unum on our money.

    • @class5bodyworks
      @class5bodyworks Před 4 měsíci

      A lot of political rhetoric is projection. Since Rand Paul brought it up, I'd be curious to know how much he took.

    • @Deac0n_Blues
      @Deac0n_Blues Před 4 měsíci +2

      To be fair, he calls them out too

  • @homemetalstudios759
    @homemetalstudios759 Před 4 měsíci +44

    I watched all my local mom n pop businesses die after ppp situation. just disgusts me how it was a bailout for all the big corps then when it came time for the small businesses "welp we are out of money". I would much rather have the local 7 restaraunts that closed down than slipknot.

  • @KhurtKhave669
    @KhurtKhave669 Před 4 měsíci +55

    To be fair to Rand Paul, he calls out everyone about fiscal accountability and transparency; every politician, every government agency, the White House, etc

    • @samfetter2968
      @samfetter2968 Před 4 měsíci +9

      Does he?
      Cause last time I checked I haven't seen or heard him calling out all those republican senators and congress men/women that took millions in PPP loans.
      And among polititians the republicans have been the most vocal against PPP loans while simultaniously using them the most.

    • @mrmikemrmike
      @mrmikemrmike Před 4 měsíci

      ​@@samfetter2968please name names so we all know. Thanx. \m/

    • @YourWifesBoyfriend
      @YourWifesBoyfriend Před 4 měsíci +1

      @@samfetter2968 You can't even spell "politician", maybe you ought to keep your 80 IQ thoughts to yourself.

    • @toddb8703
      @toddb8703 Před 4 měsíci +9

      Rand Paul is a rockstar in my book.

    • @traviseicher9118
      @traviseicher9118 Před 4 měsíci +6

      I'd vote for him for president.

  • @joshwaterman9335
    @joshwaterman9335 Před 4 měsíci +25

    a lot of people will say "$2k a week is crazy" what most don't realize is these techs work 12-14 hour days, consecutively, setting up and tearing down gear. incredibly physically demanding work. and they only get paid when they are on the road... so if you only 8-9 months, that extra money in the paycheck gets them through the down time between tours.

    • @ThemFuzzyMonsters
      @ThemFuzzyMonsters Před 4 měsíci +4

      They don’t get benefits: healthcare, retirement, etc.

  • @ZackSeifMusic
    @ZackSeifMusic Před 4 měsíci +30

    One of the smartest things I ever did was set up my own LLC for everything I do music wise There are legal safety reasons to do so, there are tax advantage reasons to do so, and if you take your career seriously, you should present yourself as one.
    It took under 30 minutes online to setup online from start to finish. Highly recommended.

    • @ethanstover9859
      @ethanstover9859 Před 4 měsíci +1

      My MMA coach just recommended that all our fighters do the same for our fighting careers, I was heavily considering doing so. What benefits have you seen from it?

    • @d.52555
      @d.52555 Před 4 měsíci +1

      Did you have to pay anything?

    • @agrobots
      @agrobots Před 4 měsíci

      @@d.52555price depends on which state you’re in. Arizona’s fee is under $100. I think I remember paying like $40 - $60. Very reasonable

    • @Muddyres
      @Muddyres Před 4 měsíci

      @@d.52555for a DBA or LLC filing yes you do depends on your location

    • @tmilewski
      @tmilewski Před 4 měsíci +2

      Came here to say the same thing. If you, hypothetically, screw something up, you’re *personally* legally and financially responsible. The LLC helps shield you.

  • @brettwilson4424
    @brettwilson4424 Před 4 měsíci +24

    We had a similar program in Canada, and 2 years after the pandemic the govt started clawing back the money if the determined you didn't need it. The govt may say it's forgiven but they can claw it back if they determine you abused the system. That being said I doubt anyone truly important, in their mind at least, will be required to pay it back. They will just target the low hanging fruit to show they did something about it. Probaby why Bands were mentioned in the first place.

    • @apoplexiamusic
      @apoplexiamusic Před 4 měsíci +2

      last year, the federal government told me i owed $2000 because "they gave me too much money" with the CRA... god damn assholes.

  • @shortlivedglory3314
    @shortlivedglory3314 Před 4 měsíci +6

    I have no issue with bands using the PPP. At all. They should just have to prove it went to payroll. Providing that proof should be simple.

  • @bhg70
    @bhg70 Před 4 měsíci +30

    I don't think Paul is accusing the bands so much as calling out the government for its stupidity in a) not making sure the money it gave away is being used for what it was intended; and b) not being more selective in who received it. It's not so much accusing the bands of misusing the funds but asking whether these large bands actually needed it. Paul is very consistent in calling out government's wasteful spending. That's my take on it, anyway.

    • @davidmurphy9151
      @davidmurphy9151 Před 4 měsíci +2

      Rich coming from such a corrupt con man.

    • @conors4430
      @conors4430 Před 4 měsíci

      And totally endorses tax breaks and subsidies to the richest people and companies on earth as well as giving more year after year, after year two, the most funded military on earth for decades. Not that consistent. Just politically partisan.

    • @YourWifesBoyfriend
      @YourWifesBoyfriend Před 4 měsíci +3

      @@davidmurphy9151 Vote blue no matter who, am I right? KWAB

    • @Inertia888
      @Inertia888 Před 4 měsíci +3

      @@davidmurphy9151 How exactly did he con you? In my observation, Rand, and Ron Paul, are two of the very few good people in Washington.

    • @TheRyanBattle
      @TheRyanBattle Před 4 měsíci

      @@Inertia888so true. Ron Paul was the only politician in recent memory that proposed abolishing the federal income tax 🙌🏼

  • @amirismith9350
    @amirismith9350 Před 4 měsíci +18

    To be fair, Rand Paul has been doing the festivus report for years before this. The only reason it looks ridiculous is because bands that took the loans happen to be there this year. Nothing new here tbh.

    • @TankTheTech
      @TankTheTech  Před 4 měsíci +5

      Oh for sure. That's why I said "his annual Festivus report". Haha. This is just the first time he's really gone after the music industry which is why I wanted to cover it.

  • @iamdidge
    @iamdidge Před 4 měsíci +8

    Remember a few things....You are reading it through Loudwire, so of course its going too be music based.
    The other thing is, and this when people think they are worth more than they are.
    Post Malone's "shell company" says Bob Malone (dont know his real name) makes 350,000 a month as salary so that's 4mil real quick.
    As a small business owner I got a tiny loan and had to supply a gob load of paperwork to get it forgiven

    • @scummymulisha
      @scummymulisha Před 4 měsíci

      be quit Rand is just attacking and targeting musicians because he's an evil constitutional republican lol jk. I'm sure if the full grievance Rand wrote or was talking about, it would be a much wider discussion on government's theft through taxes and useless spending

  • @themilkynipple2801
    @themilkynipple2801 Před 4 měsíci +8

    Being in construction i was never off for the pandemic. A lot of project managers and supers delayed coming back into the field because they were making more $ doing nothing at home than actually working, tell me how that makes any sense. Most of them came back because they got bored sitting at home. Lotta scumbaggery with those PPP loans, people in general are greedy

    • @crypnoss19
      @crypnoss19 Před 4 měsíci

      To be fair to those project managers and supers, almost nobody in their position would go back to work if they were making more sitting at home lol I would take advantage of it cause why not?

  • @Skwisgar
    @Skwisgar Před 4 měsíci +6

    I used to be a Stage Manager/Roadie for Terry Fator here in Vegas and even though we had to shut down in March 2020, he kept us on and insured for months until he could no longer afford to do so. Miss being a roadie some times but I appreciate being home with the fam for dinner now. (Weed industry is sick)

  • @brandonhumber5032
    @brandonhumber5032 Před 4 měsíci +8

    It's probably Rand not understanding that these bands have full time employees. I'll be honest, I wasn't aware. I thought they just hired people tour to tour. So I'm sure he looks at Post Malone getting this check and he sees it as just going to Post

  • @jakez1930
    @jakez1930 Před 4 měsíci +21

    Imagine Slipknot needing to take out PPP loans, as if they haven't blood sacrificed/betrayed their own band members for money, it's honestly not surpising.
    Corey and Clown are going to ROT in hell for multiple eternities.
    RIP Joey Jordison, you deserved way better!

    • @firstname8637
      @firstname8637 Před 4 měsíci

      Agreed! As much as I would like this to be untrue. I could totally see certain members of Slipknot pulling something exactly like this.

  • @tod3msn
    @tod3msn Před 4 měsíci +3

    Tank...I've known lawyers and professionals who stayed away from PPP Loans due to possible legalities in the future. I would not take PPP Loans lightly.

  • @heidibaltom8138
    @heidibaltom8138 Před 4 měsíci +8

    IF these loans were used to pay the employees like roadies and other crew then I dont care how much they got because those people were out of a job through no fault of their own. The artists on the other hand could make albums so in theory they were working. But if the money wasnt being use that is when i would be pissed.
    Also Im pissed anyway as i had to work through the whole thing and never had any time off.

  • @leakyray
    @leakyray Před 4 měsíci +2

    Hey Tank- industry CPA here. employee owners were capped for PPP purposes to 100k per year, but since the forgiveness was based on 2.5 months, the max you could consider for forgiveness was just under 21k for owners. You were required to submit your payroll records in order to receive the forgiveness

  • @Razrback
    @Razrback Před 4 měsíci +9

    None of those bands deserve the millions they got, all the small people lost there houses, only thing is there living cost I can understand

  • @tsho08
    @tsho08 Před 4 měsíci +8

    It was an interesting thing. It definitely happened. Most people are contractors. Most techs are under their own business and got paid separately.
    I think the biggest issue is that they were thinking nickleback was paying a giant crew but then they paid each section of the crew separately because they are all under different businesses and often have their own business or an LLC as mentioned.
    They likely overpaid the big names in this and the techs who have their own business struggled. I know loads of techs who left the industry. I know 1 or 2 that tooks min wage jobs at places like starbucks.
    Some went it's IT and just never came back. There was and still is a shortage of techs, especially seasoned ones out there.
    I seen companies that have piles of techs that immediately let go of everyone.
    The hard thing is that things were so sudden. The governement tried to give options as quick as they could which leads to loopholes and issues.

    • @patrickolivier1
      @patrickolivier1 Před 4 měsíci

      The gouvernement tried to give options to “help” for the problem they created

    • @tsho08
      @tsho08 Před 4 měsíci

      @@patrickolivier1 This is only about the US too. What did people from other countries do? I know there were some international companies that helped crew but I wonder how that played out in different countries. Be interesting to know and see.

  • @rickplasch4635
    @rickplasch4635 Před 4 měsíci +2

    This is sad there’s people hurting and they give to the rich 🤑

  • @EarthGazing
    @EarthGazing Před 4 měsíci +2

    Churches received PPP small business loans, yet they don't pay taxes. Lot of shady shit happened with those loans.

  • @ExiledVessel
    @ExiledVessel Před 4 měsíci +3

    Every company I know that took the PPP loan was like "stay clocked in we don't care there isn't even work for you to do right now, our industry is still crawling instead of running right now". They'd rather pay you to leave the faucet running and watch paint dry than give money back to the government that was promised to be a beneficial thing.
    It was supposed to be used to keep the economy going but most companies were not actually profiting at the time and instead losing money so they didn't care if employees were being paid for doing nothing as that money was literally a grenade to most small businesses where if they actually had to pay it back they would go under. The PPP loan was seen as financial suicide for honest businesses after already agreeing to take it cause if you didn't act fast you probably didn't get the loan. I think that's where this politician is trying to go, the government thought it was doing good when it wasn't in fact anything beneficial.
    Oh and a lot of companies that were not "essential" stayed open while laying off a lot of employee's letting them collect unemployment checks and those that worked basically helped keep the lights on until PPP loans became a thing. Plenty of companies abused everything as hard as they could, there is a local gym here with boatload of overhead so they drastically increased price of membership after you could start working out again with masks so they wouldn't go under and its a really big gym, multi million dollar building. The key thing was that people had extra disposable income and more free time so they ended up signing up. Price has not gone down since they re opened and they barely increased wage of employees. I wonder how inflation happened let's just pass that off to the consumers while the other gym's that shut down for good sell us their equipment to try to shave off as much debt as possible.

    • @starchitin
      @starchitin Před 4 měsíci

      What you said is exactly what the hotel I work at did. By the time PPP was a thing, they'd already laid off or furloughed 90% of their employees so we could get on unemployment. Because of this, their PPP loan was forgiven even though they still haven't staffed the hotel up to anywhere near the levels it was before covid....or even to where we should be for normal operations (which is why we lost one of our stars).

  • @jcole9055
    @jcole9055 Před 4 měsíci +1

    When people say “we need to spend more money on X” they never factor in the amount of waste. Scottsdale school district in AZ just got busted because something like 7 SCHOOL BOARD MEMBERS were still getting paid after being fired for YEARS. A LOT of times with government spending so much goes to waste instead of their marked purpose.

  • @aaronrandolph126
    @aaronrandolph126 Před 4 měsíci +1

    I think if anything really positive that should come of this is that it shines a light on how poorly these policies are written (and they arent even written by the politicians themselves in the first place) and how it allows for the few instances of abuse like you mentioned. It shows how there needs to be accountability measures in place for people like that who abuse the system, especially for those in the positions of power who put these policies into play in the first place. Especially if you consider that the Govt owes the american citizen a return of trillions of dollars of debt that the govt has incurred

  • @crybbysckatit
    @crybbysckatit Před 3 měsíci

    I own a business and my brother helps me. We are seasonal. I pay him all winter and never put him on unemployment but have to pay into it. When the pandemic started he thought we were going to take off. We worked all thru it. These PPP people started calling me saying i could get 26k for each employee. I wasnt worried about it. After the thirty some call i answered. Told me i did not qualify. Nice to know all these big guys took advantage of it. I've never voted yet consider myself a Republican. I think nobody should get money handed to them unless they are disabled or absolutely need help at that moment. The government is nothing but thugs that help their friends and screws those that actually make the world go round.

  • @chaosreaper9255
    @chaosreaper9255 Před 4 měsíci +3

    Love the fart sound on Chris Brown from Trapt 😆

  • @TheJohnGalt1945
    @TheJohnGalt1945 Před 4 měsíci +2

    10:35 Don’t think you needed the tinfoil hat for that one, Tank lol

  • @jeezycreezy4220
    @jeezycreezy4220 Před 4 měsíci +11

    You told us about the abuses of the PPP loans in the country music scene, yet no country artists are listed in Rand Paul's complaints. He specificly singled out metal and hip-hop artists.

    • @lordfizzz
      @lordfizzz Před 4 měsíci +1

      No he didn't, Paul listed tons of general government waste. Loudwire, which is a rock news company, highlighted bands and artists their readers would recognize

    • @jeezycreezy4220
      @jeezycreezy4220 Před 4 měsíci

      @@lordfizzz I looked at Paul's report. The list of artists he has does include one country artist, Leeann Rimes. Otherwise, it's all rock, metal, and hip-hop. The rest are Post Malone, Korn, Chris Brown, Vampire Weekend, Lil Wayne, Slipknot, Melissa Etheridge, Smashing Pumpkins, Common, Father John Misty, Nickleback, Usher, Becky G, and Steve Aoki.
      www.hsgac.senate.gov/media/reps/dr-paul-releases-2023-festivus-report-on-government-waste/

    • @TankTheTech
      @TankTheTech  Před 4 měsíci +4

      It's a good point to bring up, and I'm curious why he didn''t bring up tons of the country artists like Luke Bryan, Jason Aldean, Luke Combs, and a bunch of others that got PPP Loans.

    • @jeezycreezy4220
      @jeezycreezy4220 Před 4 měsíci +2

      @@TankTheTech I think there's some between-the-lines reading to be done. Paul is a conservative, and every musical act he mentioned is his report tends to express more liberal views as opposed to the ones he left out. Going through the entire report, most of his grievences have a very anti-liberal bias to them.

    • @YourWifesBoyfriend
      @YourWifesBoyfriend Před 4 měsíci

      @@TankTheTech LOLOLOL You people are hilarious.

  • @albumswithandy3561
    @albumswithandy3561 Před 3 měsíci +1

    My local record store was able to stay open because of the PPP. I'm forever grateful there is a place I can go to talk music and listen to others' views.

  • @FarsightUO
    @FarsightUO Před 4 měsíci +1

    I read the title before the thumbnails loaded, and expected Tank to be talking about Sousa marches and such... Then I remembered where I was.

  • @andrewjacobs5579
    @andrewjacobs5579 Před 4 měsíci +1

    I'm kinda just stuck at the part where a band worth $10 Mil with a member worth $10 Mil is considered small business when my last job barely makes $500,000. a year

  • @tireseas
    @tireseas Před 4 měsíci +54

    I've got less a problem with bands taking the small business assistance funds for their road crews than I do the clowns in the government continually pumping funds into military hardware the military is on record saying they don't even need or want. Just sayin...

    • @veenoir1991
      @veenoir1991 Před 4 měsíci

      Troof

    • @kennethloki7011
      @kennethloki7011 Před 4 měsíci +2

      It'd be nice to see military spending go down but there's 2 main reasons it's unlikely to happen. First is jobs and second is brain drain.
      Thousands and thousands of people work in the defense sector and no one wants to be responsible for cutting jobs.
      And Everytime we have halted production we lose people who are knowledgeable in that specific topic. Also the infrastructure that goes along with it. So if shut hit the fan and we needed to build up production in a hurry we have to have that knowledge in place.
      It's no longer like the world wars where military hardware was essentially over sized tractors and bullets. Everything or almost everything is too advanced.
      Prime example is NASA. Even with the blue prints for the Saturn rockets we can't build them today. We tried, it failed. Obviously we still make rockets but when that program ended we lost the people that knew how to machine things a certain way or the tricks to assembly. Also didn't help that there wasn't just one group making things so there wasn't a single authority that had all the knowledge.
      Again not the best reasons but there is some sense to it. Down sizing would be nice though.

    • @JonHorrorcide
      @JonHorrorcide Před 4 měsíci

      Also the rich are pissed. That’s why this peace of garbage Rand Paul is moaning. However the hell you say his dumb name. Lol

    • @jon9879
      @jon9879 Před 4 měsíci

      @@kennethloki7011 Another part of the issue is all the well connected people that overprice what they sell the military. The ship I was on had to order a new watch chair and it was the biggest POS that was $15,000 20 years ago.

    • @TankTheTech
      @TankTheTech  Před 4 měsíci +3

      Can't argue with you.

  • @MrGrimsmith
    @MrGrimsmith Před 4 měsíci +2

    We had similar in the UK, primarily for hospitality based industries that effectively had to shut up shop. I didn't hear about it being paid to musicians and it certainly didn't go to my industry (IT) and the damn politicians pocketed a massive chunk. I did a quick bit of Google Fu when you mentioned the corporate entities, in 2 minutes I determined that I'd be looking for 6 corporate entities associated with Slipknot, pretty much just Clown and Corey though, looks like everyone else is an employee. The $1 million for Knotfest seems a little out as if they didn't put it on then it didn't cost them any money, that seems a touch much. The rest seems a little more reasonable but still a bit high. They, personally, are already millionaires so it shouldn't hurt them to live off savings for a while. I sure as hell did (and consequently have none left) and I didn't even have $10k to start with.

  • @charlienowell
    @charlienowell Před 4 měsíci

    Hey Tank!

  • @anarchy030
    @anarchy030 Před 4 měsíci

    I received a PPP loan from SBA and all they ask is receipts for rent and I was approved as as independent contractor.

  • @mrmikemrmike
    @mrmikemrmike Před 4 měsíci

    Tank, you reminded me of the bumper sticker Rand's father Congressman Dr. Ron Paul had displayed on his desk during many TV interviews, "Don't Steal: Government Hates Competition"

  • @bodyfarmbrat
    @bodyfarmbrat Před 4 měsíci +3

    is nickleback american now?

  • @ARUSApacecarHAMPTON
    @ARUSApacecarHAMPTON Před 4 měsíci +1

    He is not accusing the bands of any wrongdoing he just pointing out how the system is broken.

  • @tappingintogaia
    @tappingintogaia Před 4 měsíci

    Tank...dude...ur awesome

  • @charlespeter5610
    @charlespeter5610 Před 4 měsíci +33

    Both can be true. Bands almost undoubtedly abused the system but Rand Paul can also be raising a stink to get his name in the paper

    • @AvaiLeon
      @AvaiLeon Před 4 měsíci +2

      Which is a good thing. Of all the ways to get your name out, what better way than by telling the truth?

    • @Sherry_Armstrong
      @Sherry_Armstrong Před 4 měsíci +2

      what gets me is why does a band coming over form countries such as Sweden , Finland have to pay 1500 dollars each every year for a work permit , which is bad !, but a illegal coming to America and goes to the welfare office and they do not even get work permits , America is so bias If a illegal do not need a work permit should also apply to bands across the map . the government is abusing the bands as well

    • @rockoutmichigan
      @rockoutmichigan Před 4 měsíci

      cry harder about it

    • @charlespeter5610
      @charlespeter5610 Před 4 měsíci

      @@rockoutmichigan lol what?

  • @havaqmusic
    @havaqmusic Před 4 měsíci +93

    Rand is not trying to get his name out there. He's done this for years and he's pretty much the only politician doing this at all; he's also not just specifically targeting the music industry. I don't trust the guy as I'm not really a "fan" of any politician, but he's one of the only ones who seems actively concerned about budgeting, inflation, and overall economical health. Other people will give lip service to it, but Rand has been consistent on this issue and isn't just doing it for clout.

    • @Joose
      @Joose Před 4 měsíci +24

      Yeah, while he's still a politician at the end of the day, he's about the only one I consistently see trying to limit government spending, theft (or taxation, as some call it) and whatnot.

    • @blippityblahblah
      @blippityblahblah Před 4 měsíci

      He’s the only one going after Fauci and his “data” that shut the country down.

    • @scummymulisha
      @scummymulisha Před 4 měsíci

      Although Rand isn't his father Ron Paul aka the greatest US modern senator, I still like Rand. His take-downs of catching that snake Dr Fauci in lies were epic. Your right tho he was the first to say this is the largest transfer of wealth in US history, calling it all a scam. Rand has my respect as a politician his lunatic neighbor attacked him, broke 4 of his ribs, been shot at, had his office set fire to and of his staff member were stabbed. I don't think that stuff happens if your playing ball and just doing lip service.

    • @sunnohh
      @sunnohh Před 4 měsíci

      He is an insane goldbug that wants to destroy the government, none of the inflation crap says is supported by data, it just feels good man

    • @shortlivedglory3314
      @shortlivedglory3314 Před 4 měsíci +9

      ​@@Joose taxation is theft? Look out, guys, we got a libertarian over here. 👆👆🗽

  • @theblazinken3501
    @theblazinken3501 Před 4 měsíci +1

    Hey, I just noticed you got that Sabaton gaming chair. I guess you had no chance winning Joakim look-a-like competition lol

  • @noroom4commies086
    @noroom4commies086 Před 4 měsíci +1

    Call the bands out that took the loans and fired there employees, it was OUR money, and they stole it, we have a right to know.
    Also the LLC thing is incase someone wants to sue you, its for legal reasons. They can only sue your LLC and not make you homeless suing you and taking everything you personally own. Thats the big reason anyways. Some people do it for themselves personally if they have X amount of assets and/or make X amount salary. Just keeps you from losing it all in a lawsuit.

  • @TheCrabpants
    @TheCrabpants Před 4 měsíci

    I know of a local production company that got the loan and kept a few guys busy (32hrs per week, less than they normally would make) by having these guys do home improvement projects on the owner’s property. Techs, who did absolutely nothing related to their skill set. The company‘s inventory wasn’t up kept during this time at all. Just building fences etc.. Meanwhile a bunch of other people got to stay home and make more money off of assistance programs for the unemployed. The owner’s property value increased and his loan was forgiven. Go figure.

  • @tobiastho9639
    @tobiastho9639 Před 3 měsíci

    People forget that business owners are in some instances accountable to seize business opportunity’s. Some stake holders could sue them if they don’t.

  • @gailliebowitz8935
    @gailliebowitz8935 Před 4 měsíci +1

    The PPP program was set up very, very quickly, and we knew at the time that it would have problems with fraud in the long run. A program that is set up quickly doesn't have time to establish procedures for accountability - who monitors? What paperwork has to be submitted? Who reviews it? What standard is it held to? What happens if the paperwork doesn't meet the standard? How is all this communicated to the public? Etc. etc. Good policy that answers these questions takes time to plan, just like a big tour. Speed vs. quality - there's a tradeoff.
    It's possible some of these bands were scummy, but just as possible they did qualify and follow the rules. I think it kinda sucks to call them out for getting the loans and implying they did something wrong, without any evidence. Someone actually interested in uncovering this could certainly seek out the employees they theoretically had on payroll, or question the band/company, or take other measures. I don't really appreciate the attempt to drag people through the mud without any further due diligence. Not cool, Rand Paul.

  • @Gavrev
    @Gavrev Před 4 měsíci

    As so often happens with these things it seems to be a good opportunity for promotion and distraction. If Paul can commit some resources to chasing something, which to some degree can be a legitimate call, it will also tend towards being a sauce for the goose scenario.. realistically they have zero reason to not turn that same apparatus inward and cast a light on all business and political concerns. They will of course not do that.

  • @timbrown6629
    @timbrown6629 Před 3 měsíci

    An LLC and LLP also provides personal legal protection. (I had an LLC.)

  • @ErnestStevenson-bo3nk
    @ErnestStevenson-bo3nk Před 4 měsíci +1

    Money is never from the government. It is from the taxpayers.

  • @16randomcharacters
    @16randomcharacters Před 4 měsíci

    The thing about fraud and waste is that it's only really meaningful as a percentage. Every system will have fraud and waste. It's just a cost of doing business. The question isn't if there is fraud and waste, it's if even with the loss from fraud and waste included, did they program have a net benefit.
    Yes, of course you want to, within reason, try to limit fraud and waste, because they are inefficiencies. The only way to completely avoid them though is to do nothing.

  • @ngaugeblading9690
    @ngaugeblading9690 Před 4 měsíci

    I'm here for the Tank-ie arc

  • @kayakchrispy
    @kayakchrispy Před 4 měsíci +1

    Government just prints more money and we all pay for it with inflation 😢

  • @kalebburgess5088
    @kalebburgess5088 Před 4 měsíci

    Great video Tank, but is that a fuckin Destiny ghost tattoo on your arm??? If it is, you just became my favorite CZcamsr. 🤣🤣🤘

  • @bagee03
    @bagee03 Před 4 měsíci +1

    The owner of my company received a loan, cut everyones pay, then sold the company. Yep, kept the ppp loan and didn’t have to pay it back.

  • @wesleybrehm9386
    @wesleybrehm9386 Před 4 měsíci

    I still find this insane, but to answer the question people asked, to have the loan forgiven you had to submit payroll records. But, even if you didn't pay employees it was effectively an incredibly low interest loan.

  • @SonofJesus14
    @SonofJesus14 Před 4 měsíci

    Interesting.

  • @jjames6990
    @jjames6990 Před 4 měsíci

    Ok so a couple things when establishing yourself as an LLC. First, you should be doing that so you minimize risk to your personal assets. Second, tax benefits. You can establish your LLC as an S Corp which gives you greater protection and benefits but that's how you would use that business to pay yourself a salary as a sole proprietor. The legal paperwork and mumbojumbo is literally $250 and a day of signing stuff with a lawyer (which also costs $). Either way man, yea it's easy to do and you should do that if you are making income independently. Otherwise, you crash a truck while working, drop equipment on a colleague, etc, and they can sue you - leaving your personal assets like your house at risk.

  • @DaidsHole
    @DaidsHole Před 4 měsíci

    Interesting video and discussion. Title is a bit misleading as Rand Paul is a singular opposition politician whereas government refers to the governing party and some parts of the civil service. It may well be that bands have upset the US Government but you don't actually mention anything suggesting that government is miffed, cracking down etc.

  • @joeyjonesaquatics507
    @joeyjonesaquatics507 Před 4 měsíci

    Studio owners probably did the same thing too if they weee eligible for the PPP payments

  • @UltraDonny5000
    @UltraDonny5000 Před 4 měsíci

    During the pandemic, my boss had us sit for a day out of nowhere so when he applied for the small business loan his payroll was shrunk then we had to deal with smaller checks for the next 2 months while the cost of working went up because of the changes.
    To top it all off, if we got unemployment during that time, we would have been making more money but since he stayed open, we didn't qualify for that either.

  • @portal432
    @portal432 Před 4 měsíci

    Ironic how they can print as much money as they want, yet still tax the shit outta us.

  • @MetalMama-Mimi523
    @MetalMama-Mimi523 Před 4 měsíci +1

    Damn, my business barely got but a few thousand dollars and we had to stay open cause we were considered "essential" but didn't have the work. It was such a hard fucking time.
    Also, Tank, if you want to go LLC, I can help you with that cause I do my husband's LLC and he's a single member LLC that works out of his house and that's where you can get a a lot of tax breaks.

  • @bbp551
    @bbp551 Před 4 měsíci

    Just so you have a better context about this report that Rand Paul puts out every year:
    1.) it’s mentioned two years later because the data is pulled from Congressional Budget Office numbers which take that much time to let the fiscal year end and reconcile the numbers.
    2.) the report isn’t just about one thing. He lists out all of the waste and pork barrel projects that millions are spent on.
    I am not trying to invalidate your points. Just wanted to clarify that this wasn’t a report about music artists only. That was just a part of the bigger picture across the entire federal budget, and in this report a lot about the PPP program.

  • @christinedeshano2872
    @christinedeshano2872 Před 4 měsíci

    A lot of members of Congress did this is exact same thing, including Rand Paul. His hypocrisy is stunning.

  • @JacobNNorton1982
    @JacobNNorton1982 Před 4 měsíci

    I had no idea….

  • @musicmaster555
    @musicmaster555 Před 4 měsíci

    TANK! I live in Bellevue. I would go see more shows but I'm basically epileptic due to terminal brain cancer. I might have been in a similar space to you if you've ever worked at Lipscomb university.

  • @SourDohSteele
    @SourDohSteele Před 4 měsíci +1

    All of this is probably coming out now because that's how slow the US government takes to process things.

  • @Darker1208
    @Darker1208 Před 4 měsíci

    I hate in roll ads. they just get skipped.

  • @plessis2023
    @plessis2023 Před 4 měsíci

    All these bands have lawyers and accountants to get them these large sums. If the government wants to see, if they used the funds correctly,they have a agency for that called IRS and FBI.

  • @bassplayer2011ify
    @bassplayer2011ify Před 4 měsíci

    You hit the nail on the head saying this is the pot calling the kettle black. I know there are people who legitimately need these loans. But I'm willing to bet they weren't the plurality.

  • @yellowdog2181
    @yellowdog2181 Před 4 měsíci

    I never shut down my business during Covid but boy did I get solicited for getting money from the government. Nothing is for free you’re gonna pay one way or another.

  • @rickwirick5341
    @rickwirick5341 Před 4 měsíci

    I own a Stagehand &Rigging/local crew company in the northwest, I applied …..Didn’t get shit from the government, did it on my own and still in business..

  • @Mr_jz_12
    @Mr_jz_12 Před 4 měsíci

    10:15 A LOT of lawyers dont pay taxes, PERIOD. As they know the laws. IE. the IRS is a foreign corporation.

  • @GaryGoRound-to7ld
    @GaryGoRound-to7ld Před 4 měsíci

    my employer got a loan 2 yrs in the row ..,I didn't get shutdown but the other guys in the crew were off for 6 weeks

  • @patrickolivier1
    @patrickolivier1 Před 4 měsíci

    I’ve come to realize that I was only put on this earth to work a job i don’t like to pay taxes until i can barely afford to survive and then die.

  • @bblaser420
    @bblaser420 Před 4 měsíci

    As an uber driver, I got $6k ppp and bought a motorcycle.
    To be fair, I got it forgiven because I claimed it as income and paid taxes on it.

  • @MarsHottentot
    @MarsHottentot Před 4 měsíci

    This same PPP deal was going toward Congress members, as well, with the same lackadaisical accounting - completely forgiven. Not to mention how many small businesses took the money and kept it (it was rampant). Did your employer buy a house in the last four years? Yeah. Okay

  • @texasrav6056
    @texasrav6056 Před 4 měsíci +1

    Rand is actually an honest guy.

  • @ColeDrumsAndPercussion
    @ColeDrumsAndPercussion Před 4 měsíci

    I had some buddies at this gas station who mad a fake website to get ppp never seen them since.

  • @adam346
    @adam346 Před 4 měsíci

    the absolute hilarity was the whole thing was orchestrated by the GOP which actively fought to reduce over-sight on the money and also fought for *minimal conditions on the forgiveness... and now they are complaining it went wrong... it's like an executive doing a whole bunch of blow, driving their really fast car at stupid speeds and then blaming the company that pays them for not stopping him when he crashed it.

  • @FoxArris
    @FoxArris Před 4 měsíci

    Ah my company got the PPP loan and then fired everyone after and pocketed it

  • @myguyTrevorSabo
    @myguyTrevorSabo Před 4 měsíci

    Hi chat!

  • @darrenmchaffie553
    @darrenmchaffie553 Před 3 měsíci

    That's the thing about the music industry, it's an INDUSTRY, and part of the entertainment industry at that.

  • @DreadedMetal
    @DreadedMetal Před 4 měsíci

    In the UK we had a furlough pay system, every business got given money to help everyone on payroll, 80% of everyone's wages up to £2500 per month, and self employed people got 80% of their average wage from the past 3 years... Unfortunately everyone that hadn't been self employed for that long kinda got fucked. Obviously that's not the whole situation but That's the jist anyway. It did mean that less people lost their job who definitely could have. Although just before lockdown was announced the company I worked for sacked off a bunch of new starters that had been there less than 6 months because they where seeing sales drops and panicked...

  • @Cbamptronious
    @Cbamptronious Před 4 měsíci

    You have to show receipts of where the money went in order to get the forgiveness, and yes, you had to prove payroll.

  • @maximushaughton2404
    @maximushaughton2404 Před 4 měsíci +1

    I can understand if a band is on tour and has a large crew, but how big is that crew if they are not on tour. Like if they are on a break, or getting ready to go to the recording studio, surely your not going to need an arena crew then. Don't get me wrong, hats off to those that were on tour, and kept the crew going, but if you were a band that was sitting at home with the wife and kids when it started, you are not going to need a crew.

  • @Myrrhkuri
    @Myrrhkuri Před 4 měsíci

    and many of them GOP congressmen who argued not to help ppl with student loan debt, that the government shouldnt be paying peoples bills, and were on the news pushing that, were some that got from 100k to 3 million in ppp forgiven.

  • @myopicautisticmetal9035
    @myopicautisticmetal9035 Před 4 měsíci +1

    I guess I don't feel so bad now about my Warmoth 5 string fretless bass I got in 2021.

  • @joshlemke735
    @joshlemke735 Před 4 měsíci +1

    Rand Paul is a mfn legend and he is 100% correct on many issues including govt waste.

  • @giantmess4335
    @giantmess4335 Před 4 měsíci +2

    Rand Paul is like the preacher from footloose, he has no friends in music so he doesnt care about defaming all of them and getting his base of nitwits angry. The problem is how would he act if others started going after businesses for the same thing who are doners.

    • @scummymulisha
      @scummymulisha Před 4 měsíci +1

      Rand doesn't have big donors he's an outsider of the Republican Party. Rands a constitutionalist/libertarian he just runs as a republican because no one votes for independents or libertarians.

  • @dr.bloodmoney3948
    @dr.bloodmoney3948 Před 4 měsíci

    as a non american, i just cant imagine touring with that many people. then again, im not sure i can give much thought beyond who can fit in a van

  • @AHVENAN
    @AHVENAN Před 4 měsíci +2

    I was lucky during the pandemic, since I work with maintaing real estate and such, the grass never stopped growing and the snow never stopped falling etc, so I did not lose a single day of work during the entire time
    Also.... 2000 $/week?! Where do I sign up?! 🤑💰

    • @Tetarkall
      @Tetarkall Před 4 měsíci

      Same, I work in HVAC. Were you required to be vaxxed?

    • @AHVENAN
      @AHVENAN Před 4 měsíci

      @@Tetarkall Never heard a word about that, but it makes sense since 99% of the time Im at work Im all by myself and I only encounter the odd person here and there like tenants and such, it's quite rare at least at the workplace I was at at the time that I ever worked in close proximity to others.
      However, I did willingly get the first three shots, because I saw up-close what could happen if you got Covid and it wasn't fun so

  • @mathias8627
    @mathias8627 Před 4 měsíci +3

    It's ok for the rich to get welfare but when it's the poor it's controversial

    • @AvaiLeon
      @AvaiLeon Před 4 měsíci

      I don't think "it's ok" was the point anyone was making.

    • @mathias8627
      @mathias8627 Před 4 měsíci

      @@AvaiLeon wdym, every time it's brought up there's a psychotic band of angry ppl ranting about their tax $ going to help the poor but it's complete crickets when it's revealed that 80% of the 2 trillion $ COVID stimulus went to the top 10% income earners.... Tank literally mentions that point explicitly in the video...

    • @AvaiLeon
      @AvaiLeon Před 4 měsíci

      ​@@mathias8627 How is this "complete crickets"? This video exists _because_ someone like Rand Paul is specifically making waves by saying it's *_not_* ok, which is the exact opposite of what you're saying is happening.
      In the middle of everyone talking about it, you say nobody is talking about it. lol This isn't even the first video in my feed I've seen on this Rand Paul thing.

  • @heatnationwpb
    @heatnationwpb Před 4 měsíci

    He's actually a Libertarian, as his family has been since like forever. So yeah, he's opposed to pretty much all govt spending.

  • @johnnymac42069
    @johnnymac42069 Před 4 měsíci +4

    Can’t take what never belonged to the government in the first place #TaxationIsTheft