Any business that can’t survive a situation like this has bad management. We should let them go bankrupt, then allow much better managers to buy them out of bankruptcy and run them. This goes for Boeing, airlines, and all the rest.
Low paid workers will be hit hardest. Any worker required by the government to not work should be paid up to 1.5x minimum wage.… read more “Don’t Bailout Businesses, Bailout Minimum Wage Workers”
Bailouts keep capital in the hands of the corrupt, bankruptcy moves management to those who can do it more efficiently.
Patents in the United States have suppressed capitalism and turned it into corruption. Capitalism ONLY works when you have competition. Patents owned by testing companies, ventilator manufacturers, and other medical device and supply companies prevent competition and allow them to rake in huge dirty profits. Patents need to be eliminated immediately.
“As a condition of receiving aid under the GOP bill, companies must agree to cap executive compensation at 2019 levels for two years. Executives would also be barred from receiving severance or so-called golden parachute packages worth more than twice their total compensation in 2019.” – LA TIMES.
They are going to allow the executives that couldn’t run their companies well enough to keep their 2019 pay?… read more “McConnell’s GOP Stimulus Plan Is a Scam”
Why has no government set a $50b prize for a cure or vaccine for the coronavirus?
Or $1b for the delivery of 10,000 operational ventilators?
Instead let better management take over via a streamlined bankruptcy process. American Airlines has been a nightmare for years. Give someone like Richard Branson a chance to buy and run it.
I ordered a rifle a couple of weeks ago from Turner Outdoorsmen in Long Beach. I was going to swing by to pick it up today, so I called in to see if it was ready. They told me it was ready, but there was a 4 hour line in front of the store and they had sold out of all of their ammo.… read more “4 Hour Line At Gun Store In LA, Ammo Shortage”
Here are some of my ideas to stop or slow the spread of the coronavirus / covid 19:
Waive all rent and mortgage payments through the end of the year.
Fine anyone who does not have a good reason to be out $200.
Any company that can have employees work remotely and chooses not to should be legally liable to those employees if they should become ill.… read more “Coronavirus Law Ideas”