DeltaMD90 wrote:seb146 wrote:
I am not saying some of these companies are not important. Many of them are. But, maybe they should keep a savings or have some back up plan so they don't have to get welfare from the government?
To be fair, I think a lot of companies are in an excellent position to weather a recession, but not the largest shock to our economy in history. This level of disruption is beyond what any company *reasonably* could imagine
Like I said before, maybe after this mess we need to have a corporate tax of 1% or whatever to go into a fund used solely for bailouts. Or even better, we can use it to pay down the debt so the money goes to good use (and if we need money and have to add a trillion on the debt, we at least erased two trillion off the debt or whatever)
I share your frustration though. I'm really hoping we can emerge from this and put in real change to prevent a lot of the "privatizing profits socializing losses." I have a feeling that won't happen unless we win back the WH in 2020, and even then, who know if anything will pass...
An emergency fund is an excellent idea - especially funded in the manner you suggest.
Given the current state of Congress, it’s definitely foolhardy to think many practical matters can be addressed regardless of who or what occupies the WH.