Earlier quoted context omitted.
You mean like American Airlines that had a profit of $7.6 billion in 2015, and didn't save dollar one for a rainy day? Instead, it bought back $15 billion worth of stock over six years while raising fees and shrinking seats? “I don’t think we’re ever going to lose money again,” -Doug Parker, American Airlines CEO, 2017. Let 'em fail.
Letting them all fail would do more harm to others than warranted. But letting the weakest one fail as a warning to the others that the bailouts are over and perhaps they should learn to save against rainy days isn't the worst idea.
Amazon to hire 100k warehouse and delivery workers
231–240 of 338 posts
Re: Amazon to hire 100k warehouse and delivery workers
#232Re: Amazon to hire 100k warehouse and delivery workers
#233Don't thousands of people work in each warehouse? Are Amazon workers immune? At some point, some of these facilities are going to have closures. I wouldn't predict smooth sailing for Amazon just because they're mail-order instead of brick and mortar.
Right now, if I was an Amazon worker, I'd be hitting up every other employee about forming a union ASAP. They're going to want that kind of bargaining power to protect themselves.
Re: Amazon to hire 100k warehouse and delivery workers
#234If this were a Bond movie, Bezos would be cackling in his secret lair about how his viral plan was coming to fruition. Bond (played by Idris Elba) would then cough on Bezos, who would whip out his antidote, which Bond would grab, escape, and release to the world before being killed by Thanos. (Pitch Meeting, call me)
This may not be a movie, but there's no way in hell this timeline isn't some bored kid fresh out of doritos playing with random variables in his universe simulation.
Re: Amazon to hire 100k warehouse and delivery workers
#235Re: Amazon to hire 100k warehouse and delivery workers
#236Earlier quoted context omitted.
>it just happens that one is better for shareholders due to the tax system. This would make buybacks worse than dividends for everyone who isn't a shareholder.
Sure. Just like it's worse for everybody that I try to max my investments in my 401k before contributing to after tax accounts.
Buybacks are an accident of tax law and ought to be taxed the same way as dividends.
Re: Amazon to hire 100k warehouse and delivery workers
#237Earlier quoted context omitted.
We might get a lot, but it likely won’t be enough. Many land owners would already prefer to leave their buildings empty for years over even considering negotiating on rent. I doubt anything can change their minds.
We need taxes on vacancies. Encourage people to let property go to people who can put it to some use. Prevent blight and crime, etc, too.
Re: Amazon to hire 100k warehouse and delivery workers
#238Earlier quoted context omitted.
> Ignoring Tech industry, most companies on earth could not withstand a 70% drop in revenue. How many tech companies have withstood a 70% drop in revenue? BlackBerry comes to mind.
Maybe AMD?
Re: Amazon to hire 100k warehouse and delivery workers
#239Earlier quoted context omitted.
Curse you Bezos for your evil plan to supply us with much needed goods.
At the physical expense of his wage slaves.
Re: Amazon to hire 100k warehouse and delivery workers
#240Earlier quoted context omitted.
Fantasy-land aside, Bezos is the CEO of the organization that runs the GovCloud AWS region, which is almost certainly designated critical military infrastructure, JEDI-loss aside. I would be astounded if there are many billionaires in the USA who are not this moment already taking chloroquine/hydroxychloroquine in the recommended prophylaxis doses, even outside of those deemed mission-critical by the most powerful or…
I'm no billionaire, but if I were, I'd either be on my yacht offshore or at my island retreat. Not sure I'd take an anti-malaria drug in the hope it gave me some protection from the pandemic.