TriumphTR3fan
Recycles dryer sheets
I'm commenting on possible future bailouts.The cruise industry was excluded in the package 9 days ago.
https://www.washingtonpost.com/business/2020/03/26/cruise-line-bailout/
I'm commenting on possible future bailouts.The cruise industry was excluded in the package 9 days ago.
https://www.washingtonpost.com/business/2020/03/26/cruise-line-bailout/
Thank you.The cruise industry was excluded in the package 9 days ago.
https://www.washingtonpost.com/business/2020/03/26/cruise-line-bailout/
maybe some one knows something the rest of us don't know...
CARNIVAL CORP NOTE CALL MAKE WHOLE - some one just bought $2.7 million today... and several buyers in the $4 mill range...
Cusip 143658BA9 cost basis 94.46 Ask Yield to maturity 15.371% with maturity at 10/15/20 ... pretty easy money with coupon on top of that at 3.95%
Then the real wake-up call will be when they figure out how many other big corporations pay little to no taxes.
No corporation pays taxes. Taxes are a cost of doing business! To the max extent possible they collect the tax from their customers and remit it to the government. Think Sales Tax. You don't pay sales tax, the business pays it to the government. You just don't see 'Corporate Income Tax' as a line item on your bull!
Then the real wake-up call will be when they figure out how many other big corporations pay little to no taxes.
Also, without workers there would be no taxes at all to collect. That doesn't prevent us from taxing workers.Some pay less than others and some may pay none, but corporations provide much needed jobs and all of the employees pay tax on their earnings. Plus they there is the sales tax on the sale of their products. So without corporations and businesses there would be no taxes at all to collect.
My hope for the future is that we have one nation in the world instead and of fighting about which country should pay for bailouts.
It is a one-two punch. Cruise line customers tend to older - from stats I have seen, the median age is 60-69 years old. As they get older they need to get new clients. But younger people and folks (like us) who have never taken a cruise before are probably now even less likely to take one.
My hope for the future is that we have one nation in the world instead and of fighting about which country should pay for bailouts.
History shows that the bond holders are the ones that pay. If this holds true, that would mean insurance companies, pension funds, banks, wealthy investors and other financial institutions.The cynic in me thinks taxpayers will eventually foot the bill for various bailouts one way or another.
While corps do minimize taxes paid like anyone else, sometimes they do pay income taxes.
Sure as a corp you can generate lots of expenses to reduce profit so less taxes are paid, but sometimes that is just silly stupid, like buying a humvee (few years ago) to write it off when not really needed.
History shows that the bond holders are the ones that pay. If this holds true, that would mean insurance companies, pension funds, banks, wealthy investors and other financial institutions.
You missed my point. They charge their customers the amount of tax they expect to pay and pass it on to the government. It is no different than the sales tax, telephone tax, excise tax, property tax, etc. It is just hidden, and makes for a great political prose "Tax the Corporations" when in reality the People pay.
If any of those go up, the corp charges the People more.
"But nobody's breezing through these swinging doors
Just ups and walks away
Everybody has to leave some blood here on the floor
Everybody pays everybody pays to play"
History shows that the bond holders are the ones that pay. If this holds true, that would mean insurance companies, pension funds, banks, wealthy investors and other financial institutions.
Sounds good to me .
I would put part of the 2 trillion package into identifying any ship that anyone identified as being covid-19 positive having sail on the last 4 months. Use those ships as the hospital ships. Let the public know the ships that have had no linked illness.
After being used as hospital ships and a thorough cleaning, let the ships stay empty for a month before being put into passenger service.
I think this would ease some of the uneasiness. Some people will probably never cruise due to this.
Mark Knopfler....Everybody Pays
My hope for the future is that we have one nation in the world instead and of fighting about which country should pay for bailouts.
This whole discussion about bailouts is predicated on a basis I disagree with.
The purpose of a bailout is to protect the industry and also its jobs.
So in a bailout equity should be wiped out. Bond holders take a haircut. Job's stay in place, but union contracts and wages are reopened.
This is how GM was saved, and how airlines, cruise industry, and others should be saved as well.
Instead we are handing the airlines 50 billion with little to no conditions other than stock buybacks and exec comp.