RE: That didn't take long... (Big Business cashes in on small business bailouts)
05-02-2020, 09:06 PM
05-02-2020, 09:06 PM
I'm completely okay with giving big businesses money to pay salaries of workers they furlough.
And I'm well aware of how the tourism sector is being killed -- except for hotels willing to take government contracts to house homeless or quarantined peeps. I spend a lot of time thinking about the travel industry because of the fanfic I'm writing has 6+ characters who work in tourism. (I think they'd have to start delivering DoorDash by gondola or something)
But if this is real capitalism, we can't have a system where the rewards go to the shareholders and the risks go to the government. So there are two solutions:
(1) Sorry guys, bankruptcy time
(2) Businesses get capital in exchange for the government holding shares.
I don't mind risking government money as long as we have a chance of reward. But lets not do handouts to publicly listed companies okay?
And I'm well aware of how the tourism sector is being killed -- except for hotels willing to take government contracts to house homeless or quarantined peeps. I spend a lot of time thinking about the travel industry because of the fanfic I'm writing has 6+ characters who work in tourism. (I think they'd have to start delivering DoorDash by gondola or something)
But if this is real capitalism, we can't have a system where the rewards go to the shareholders and the risks go to the government. So there are two solutions:
(1) Sorry guys, bankruptcy time
(2) Businesses get capital in exchange for the government holding shares.
I don't mind risking government money as long as we have a chance of reward. But lets not do handouts to publicly listed companies okay?
"Kitto daijoubu da yo." - Sakura Kinomoto