Don’t bail out the cruise industry
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Don’t bail out the cruise industry
1–10 of 205 posts
Re: Don’t bail out the cruise industry
#2Fuck em, they flag in other countries so they don't pay taxes, but also because they can treat employees like slaves, pollute using bunker fuel, and generally fuck over the world.
Fuck em.
Re: Don’t bail out the cruise industry
#3I'm not from the US, but I don't even understand the basic premise.
If these companies avoid paying taxes by not being registered/incorporated in the US, how could they possibly be eligible for help from the US government?
That just seems like a contradiction, like a huge case of having your cake and eating it.
Re: Don’t bail out the cruise industry
#4I'm not from the US, but I don't even understand the basic premise. If these companies avoid paying taxes by not being registered/incorporated in the US, how could they possibly be eligible for help from the US government? That just seems like a contradiction, like a huge case of having your cake and eating it.
It's pretty crazy. They should, of course, feel free to petition the government of Liberia for help.
Re: Don’t bail out the cruise industry
#5I don’t think we should bail out any bigger industry without requiring them to create buffers for the next crisis. We bailed them out in 2008, that’s fair, but if they sent all their profit to their shareholders instead of preparing for the next crisis then let their share holders bail them out.
I’m European though, so I may be more of a social democrat than most Americans.
Re: Don’t bail out the cruise industry
#6The cruise ships send millions of dollars of US tourists' money every year to countries in the US sphere of influence that they would otherwise never fly and visit.
It's not a bailout for the cruise industry. It's a bailout for nearly every island nation in this hemisphere. We keep the tourism money flowing and they'll keep flowing exported raw materials and food.
Re: Don’t bail out the cruise industry
#7I don’t think we should bail out any bigger industry without requiring them to create buffers for the next crisis. We bailed them out in 2008, that’s fair, but if they sent all their profit to their shareholders instead of preparing for the next crisis then let their share holders bail them out. I’m European though, so I may be more of a social democrat than most Americans.
Bailing them out is OK, but it should be through the government buying equity in those companies (essentially partial or complete nationalization).
Re: Don’t bail out the cruise industry
#8Fuck em, they flag in other countries so they don't pay taxes, but also because they can treat employees like slaves, pollute using bunker fuel, and generally fuck over the world. Fuck em.
Airlines also pollute and dodge taxes. But love them or hate them, it's hard to argue that airlines don't play a critical role. The broader economy would suffer badly if they were to fail.
Cruise ships, however, do not. They are purely recreational and the economy would not fall apart if they were to go. They also share some of the blame for spreading Covid-19 in the first place!
Re: Don’t bail out the cruise industry
#9The article missed another point: they're competing with US based tourism. Every person who chose to go on a cruise didn't visit a US city and spend money there.
Re: Don’t bail out the cruise industry
#10The cruise ships send millions of dollars of US tourists' money every year to countries in the US sphere of influence that they would otherwise never fly and visit. It's not a bailout for the cruise industry. It's a bailout for nearly every island nation in this hemisphere. We keep the tourism money flowing and they'll keep flowing exported raw materials and food.
That's only true if you believe that there isn't some fundamental part of this business that is profitable and market forces won't eventually lead to new cruise companies popping back up in the future