Business, Economic, and Tax Policy 9: No, No, No, We Compost The Rich

[rufus]

With the new glut of cash going out soon the heist is rising to 24 trillion dollars. Just imagine the preparedness and readiness we could have had for the next pandemic (this one) with that kind of cash.

Why, that's almost Green New Deal money.

[FadeToBlack&Gold]

Re: Business, Economic, and Tax Policy 9: No, No, No, We Compost The Rich

Has anyone in the admin bothered trying to justify Mnuchin, I mean Jared, I mean the US taxpayers are taking ownership of airlines? Wouldn’t this normally have been a loan? Frickin oligarchs

Remember "Government Motors"? The feds sold their stake in 2013 and turned a profit.

[mookie1995]

Re: Business, Economic, and Tax Policy 9: No, No, No, We Compost The Rich

Remember "Government Motors"? The feds sold their stake in 2013 and turned a profit.

they will do the same with the airlines after saving mookie's miles!!!!! go socialism!!!!

[bronconick]

Re: Business, Economic, and Tax Policy 9: No, No, No, We Compost The Rich

Senate Republicans inserted a provision in the 880-page bill that would permit wealthy investors to use losses generated by real estate to minimize their taxes on profits from things like investments in the stock market.
Cost over 10 years is $170 billion. https://t.co/qbVCekFrin

— andrew kaczynski🤔 (@KFILE) March 26, 2020

Capitalism: Calvinball where only the rich get to make up the rules

[Handyman]

Re: Business, Economic, and Tax Policy 9: No, No, No, We Compost The Rich

THIS IS RICH: The big cruise lines incorporated offshore (@CarnivalCruise in Panama, @RoyalCaribbean in Liberia, @CruiseNorwegian in Bermuda), allowing them to avoid US taxes.

But now they're worried that their offshore registrations will prevent them from getting US stimulus $. https://t.co/ojhUo5Fa5L

— Kenneth P. Vogel (@kenvogel) March 26, 2020

[Spartanforlife4]

THIS IS RICH: The big cruise lines incorporated offshore (@CarnivalCruise in Panama, @RoyalCaribbean in Liberia, @CruiseNorwegian in Bermuda), allowing them to avoid US taxes.

But now they're worried that their offshore registrations will prevent them from getting US stimulus $. https://t.co/ojhUo5Fa5L

— Kenneth P. Vogel (@kenvogel) March 26, 2020

That’s a shame.

[MinnesotaNorthStar]

Re: Business, Economic, and Tax Policy 9: No, No, No, We Compost The Rich

THIS IS RICH: The big cruise lines incorporated offshore (@CarnivalCruise in Panama, @RoyalCaribbean in Liberia, @CruiseNorwegian in Bermuda), allowing them to avoid US taxes.

But now they're worried that their offshore registrations will prevent them from getting US stimulus $. https://t.co/ojhUo5Fa5L

— Kenneth P. Vogel (@kenvogel) March 26, 2020

I'm good with them getting money on the condition that if they are headquartered in the US, they incorporate in the US, and their ships are registered in the US.

[RaceBoarder]

Re: Business, Economic, and Tax Policy 9: No, No, No, We Compost The Rich

THIS IS RICH: The big cruise lines incorporated offshore (@CarnivalCruise in Panama, @RoyalCaribbean in Liberia, @CruiseNorwegian in Bermuda), allowing them to avoid US taxes.

But now they're worried that their offshore registrations will prevent them from getting US stimulus $. https://t.co/ojhUo5Fa5L

— Kenneth P. Vogel (@kenvogel) March 26, 2020

**FAILHorn**

[mookie1995]

Re: Business, Economic, and Tax Policy 9: No, No, No, We Compost The Rich

https://local21news.com/news/coronav...cAv9fdwhlRZu3g

someplace to eat now

[ScoobyDoo]

Re: Business, Economic, and Tax Policy 9: No, No, No, We Compost The Rich

THIS IS RICH: The big cruise lines incorporated offshore (@CarnivalCruise in Panama, @RoyalCaribbean in Liberia, @CruiseNorwegian in Bermuda), allowing them to avoid US taxes.

But now they're worried that their offshore registrations will prevent them from getting US stimulus $. https://t.co/ojhUo5Fa5L

— Kenneth P. Vogel (@kenvogel) March 26, 2020

Why should we bail them out if they don't pay taxes?

[solovsfett]

Re: Business, Economic, and Tax Policy 9: No, No, No, We Compost The Rich

Markets are up again evidently despite 3,000,000 new unemployment claims and what appears to be a weak response to average workers in terms of federal assistance. I Love Caitlin’s view on American capitalism and foreign policy.

https://t.co/5TyrUqipo8?amp=1

[dxmnkd316]

Re: Business, Economic, and Tax Policy 9: No, No, No, We Compost The Rich

They already priced the unemployment in. Those were the 3,000-point drops. They can extrapolate fairly accurately from just a single state tweeting about a single day’s unemployment numbers.

[Kepler]

Re: Business, Economic, and Tax Policy 9: No, No, No, We Compost The Rich

Why should we bail them out if they don't pay taxes?

Yes, but how much do they contribute to campaigns?

Spending millions to save billions. It's the Citizens United way.

[mookie1995]

They already priced the unemployment in. Those were the 3,000-point drops. They can extrapolate fairly accurately from just a single state tweeting about a single day’s unemployment numbers.

Generally speaking a couple items are already priced in here

Wuhan virus
Oil glut/pricing collapse
Democratic sweep in US elections

So whether or not this run back up has changed either of these () dx guess is as good as mookie’s

[Handyman]

Re: Business, Economic, and Tax Policy 9: No, No, No, We Compost The Rich

The reason the markets are up is we are giving over a trillion to businesses to prop them up. It is all a ponzi scheme. Value went up because we are making sure none of them fail...for now. The market only cares that the stocks have value now. this is why Trump and the GOP were pushing so hard for it and why the Dems really screwed the whole thing up. They could have gotten so much more but they bent over and the people got next to nothing.

(which is why a bunch of them are already talking about the next bill which will have the items missing from this one...which is not going to happen because they have zero leverage)