Originally Posted by srt
I've always felt that any operation/business (I managed airports and other public facilities) should not spend all their profits on bonuses and dividends. Seems in the old days we saved up and worked extra jobs to get through winter, now industries (many non essential) immediately stick their hand out the moment a downturn materializes. I'm particularly surprised of the immediate wails for relief made by the cruise (foreign licensed ships and foreign employs) and resort industry.


Indeed. Look at the airline industry right now. Spent their profits and tax breaks on stock buy backs (raises their stock value), and now want 50 billion-ish to survive. And people wonder why young people have a bad view of the way things work.

I'm not saying investors don't deserve a return on their money, but they should have a bit of risk too. Socialism/bailouts for the rich, and rugged individualism for the poor, is starting to annoy a whole lot of people.

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Italian messages to their 10 day younger selves https://www.youtube.com/watch?v=o_cImRzKXOs

https://www.washingtonpost.com/graphics/2020/world/iran-coronavirus-outbreak-graves/

frown


If you ever find yourself in a fair fight, your tactics suck.