SUBSIM Radio Room Forums - View Single Post - What are you going to do with your $1,200 stimulus check?

vienna · 04-02-20, 09:33 AM

I don't know if the current management of Microsoft has carried on this Bill Gates' policy, but when Gates still ran Microsoft, he insisted the company have a reserve fund sufficiently able to support the company for a full year, even if it had no revenue during that period; that's one reason why Gates has been so successful...

Governments, at all levels, have a haphazard approach to planning for contingencies; some are woefully unprepared to deal with even the most minor of emergencies. The City of Los Angeles has a reserve fund of about USD $400 Million and, prior to the pandemic, the present and prior Mayors and City Councils were roundly criticized for refusing to spend the money on various projects; The same holds true for the the State of California; Under former Governor Jerry Brown and current Governor Newsom, the state has amassed a reserve fund of some USD $20 Billion; the fund was set up under voter approved state propositions and, fortunately, the State Legislature has very little say over the funds; there has also been criticism leveled at the Governor(s), with some Legislators, in the past, calling for GW Bush style 'rebates' to be issued to citizens, an idea resisted by the Governor(s); it would seem there is very little criticism now when the value of having fallbacks is so apparent...

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04-02-20, 09:33 AM	#44
vienna Navy Seal Join Date: Jun 2005 Location: Anywhere but the here & now... Posts: 7,507 Downloads: 85 Uploads: 0	I don't know if the current management of Microsoft has carried on this Bill Gates' policy, but when Gates still ran Microsoft, he insisted the company have a reserve fund sufficiently able to support the company for a full year, even if it had no revenue during that period; that's one reason why Gates has been so successful... Governments, at all levels, have a haphazard approach to planning for contingencies; some are woefully unprepared to deal with even the most minor of emergencies. The City of Los Angeles has a reserve fund of about USD $400 Million and, prior to the pandemic, the present and prior Mayors and City Councils were roundly criticized for refusing to spend the money on various projects; The same holds true for the the State of California; Under former Governor Jerry Brown and current Governor Newsom, the state has amassed a reserve fund of some USD $20 Billion; the fund was set up under voter approved state propositions and, fortunately, the State Legislature has very little say over the funds; there has also been criticism leveled at the Governor(s), with some Legislators, in the past, calling for GW Bush style 'rebates' to be issued to citizens, an idea resisted by the Governor(s); it would seem there is very little criticism now when the value of having fallbacks is so apparent... <O> __________________ __________________________________________________ __ Last edited by vienna; 04-02-20 at 09:47 AM.