If companies saved money for a rainy day this wouldn't be a problem but pretty sure they invest everything they make in assets to get lower taxes by lowering taxable net profit for the year and getting cuts for depreciation.
They cry you need to bail them out to save the jobs and threaten politicians by blaming them for job losses but most of them make enough money each year to easily pay for the cost of these workers right now.
I like depreciation though because it keeps money circulating. But I think big companies would save harder anyway if governments just refused to ever bail them out again.
Maybe rather than bailouts, buyouts? You sell the government shares and then pay them back as stockholders or the government can choose to sell on the shares later, pass the savings to the middle and lower class taxpayer, if you give them majority shares your company is government now.
y-itrydntpoltic on August 15th, 2020 at 02:31 UTC »
“It is what it is” -a horribly disillusioned person
fieldy409 on August 15th, 2020 at 03:02 UTC »
If companies saved money for a rainy day this wouldn't be a problem but pretty sure they invest everything they make in assets to get lower taxes by lowering taxable net profit for the year and getting cuts for depreciation.
They cry you need to bail them out to save the jobs and threaten politicians by blaming them for job losses but most of them make enough money each year to easily pay for the cost of these workers right now.
I like depreciation though because it keeps money circulating. But I think big companies would save harder anyway if governments just refused to ever bail them out again.
Maybe rather than bailouts, buyouts? You sell the government shares and then pay them back as stockholders or the government can choose to sell on the shares later, pass the savings to the middle and lower class taxpayer, if you give them majority shares your company is government now.
_SeeD_ on August 15th, 2020 at 03:19 UTC »
It's just out in the open now and nobody cares because WTF, the planet is on fire.