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Don’t bail out the cruise industry

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Re: Don’t bail out the cruise industry

#11

Post by busterarm »

atlasunshrugged wrote: post #10
busterarm wrote: post #6

The 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

In times of crisis, that's not what we care about, we care about uninterrupted supply chain.

Yes, I agree the system should not be that fragile, but for now it is.

Re: Don’t bail out the cruise industry

#12

Post by xiphias2 »

Tourists from cruise ships destroy nice vacactions.

Many hundreds of people come on the streets in groups, go throught the streets loudly and fast to take photos, than go back to the ship.

People who really go to these places and spend money for staying and try to blend in to have a peaceful vacation can't.

Re: Don’t bail out the cruise industry

#13

Post by jjeaff »

unwind wrote: post #3

I'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.

Carnival Cruises is headquartered in Miami. They register their ships in other countries for various reasons. One of which is taxes. But the company itself is based in the US.

Re: Don’t bail out the cruise industry

#14

Post by edejong »

The cruise industry is one of the most polluting and damaging industries in the world. It ruins cities worldwide. Their ships are petri-dishes for disease, spreading it directly into our vital cities. They are blocking perfect vistas of the sea. They are ruining local sea life and are spreading non-native species. Their exhaust fumes are extremely detrimental to local air quality in cities. The swarms of tourists are detrimental to local hotels and restaurants, since the swarms only buy souvenirs but lack incentive to spend big money on dining.

And all of that without paying taxes.

Let them go bust. Almost nobody is missing them.

Re: Don’t bail out the cruise industry

#15

Post by Tade0 »

xiphias2 wrote: post #12

Tourists from cruise ships destroy nice vacactions. Many hundreds of people come on the streets in groups, go throught the streets loudly and fast to take photos, than go back to the ship. People who really go to these places and spend money for staying and try to blend in to have a peaceful vacation can't.

Venice a prime example of this problem.

Re: Don’t bail out the cruise industry

#17

Post by busterarm »

jjeaff wrote: post #13
unwind wrote: post #3

I'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.

Carnival Cruises is headquartered in Miami. They register their ships in other countries for various reasons. One of which is taxes. But the company itself is based in the US.

Indeed, there's a bustling maritime law industry in the state of Florida that would die if the cruise industry were to fail or leave.

Re: Don’t bail out the cruise industry

#18

Post by nordsieck »

beojan wrote: post #7
mulm wrote: post #5

I 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).

> Bailing them out is OK, but it should be through the government buying equity in those companies (essentially partial or complete nationalization).

Additionally, I think the government should be buying equity at a steep discount - something reasonable but not disastrous like 67%.

Re: Don’t bail out the cruise industry

#19

Post by Bnshsysjab »

xiphias2 wrote: post #12

Tourists from cruise ships destroy nice vacactions. Many hundreds of people come on the streets in groups, go throught the streets loudly and fast to take photos, than go back to the ship. People who really go to these places and spend money for staying and try to blend in to have a peaceful vacation can't.

Your comment seems like the statement of someone with an axe to grind rather and lacks factual evidence.

Re: Don’t bail out the cruise industry

#20

Post by busterarm »

xiphias2 wrote: post #12

Tourists from cruise ships destroy nice vacactions. Many hundreds of people come on the streets in groups, go throught the streets loudly and fast to take photos, than go back to the ship. People who really go to these places and spend money for staying and try to blend in to have a peaceful vacation can't.

And municipalities let them come because volume, volume, volume. Those tourist destinations cater to them more than they cater to you.
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