Category: Uncategorized

Bailouts = Corporate Socialism and Crony Capitalism

https://www.nytimes.com/2020/03/25/us/politics/virus-fineprint-stimulus-bill.html

We went to McConnell’s people, we went to Schumer’s people, and Pelosi’s and McCarthy’s people — we pinged them all,” said Rachelle B. Bernstein, a lobbyist and tax counsel at the National Retail Federation, which pressed successfully for the $15-billion-a-year change in federal tax law.Lobbyists appealed to Senator Mitch McConnell, the majority leader, as well as Democratic leaders.… read more “Bailouts = Corporate Socialism and Crony Capitalism”

Herd Immunity

I am starting to think that the cure to the Covid 19 Coronavirus is worse than the disease. 99% of the people dying from the virus were already dying from another disease to start with. Shuttering the entire economy is pretty terrifying and who knows if or when it will be able to start again. I think we risk a higher percentage of people potentially dying from outcomes related to that than the disease itself.… read more “Herd Immunity”

Don’t Bailout Businesses, Bailout Minimum Wage Workers

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”