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Should the Cruise Industry be bailed out?

livingonthebeach
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Iamcruzin

Iamcruzin

Posted
Posted
2 hours ago, mac_tlc said:

Anybody else find it ironic that the Federal unemployment stimulus was $600 a week, or $15/hour? Only for 12 weeks....... so far...
 

I know a lot of folks making more by not working than if they were still working. 

They are getting stimulus plus unemployment. 

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rusty nut

rusty nut

Posted
Posted
19 hours ago, flyguyjake said:

No publicly traded company should ever get a tax payer bailout or grant. Loans at current market rates, sure. Many of our largest corporations pay ZERO in taxes. That should also be a requirement to qualify for a loan, the company must actually "pay" taxes. I'm sick and tired of bailing out corporations who just buy back their own stock and give executive raises.

 

Why haven't we passed a federal $15 min wage? Haven't "essential" workers proved themselves yet? Its disgusting how we crap on our most needed workers.

Don't know where you get your info but corporate America pays more taxes than you could possibly imagine.

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firefly333

firefly333

Posted
Posted
7 minutes ago, soremekun said:

Side note.  Here in Boston, liquor stores are essential businesses and they're open while dentists are closed.

They kept liquor stores open here because alcoholics would go into detox and need beds. They said to save hospital beds. 

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firefly333

firefly333

Posted
Posted

Lol the cruise companies arent even asking for bailouts since they know they cant get them. Now the states in usa ... they are begging for bailouts. Talk about cans of worms. Everyone wants free money.. I'll take some if it's being given out, thanks. Our poor grandkids inheriting this debt. What happened to those who used to care about debt. Silent.

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Milwaukee Eight

Milwaukee Eight

Posted
Posted (edited)
18 minutes ago, Baron Barracuda said:

Here are 91

 

https://www.cnbc.com/2019/12/16/these-91-fortune-500-companies-didnt-pay-federal-taxes-in-2018.html

 

 

 

 

It really depends the snapshot in time and the specifics. To say these companies pay no taxes is political narrative and just not true.  Sure some end up with very low tax rates after write offs but they employ a lot of people and create off shoot jobs. Don’t forget those employees pay taxes as well. 
 

Here is an article concerning the #1 on the list, Amazon  
 

https://www.google.com/amp/s/www.wsj.com/amp/articles/does-amazon-really-pay-no-taxes-heres-the-complicated-answer-11560504602

Edited by Milwaukee Eight
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zekekelso

zekekelso

Posted
Posted
5 minutes ago, txart said:

Yes, the cruise industry is very important to the USA. Laws should also be changed to encourage the companies to be based here.

 

Likewise, the US is very important the cruise industry. 

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Baron Barracuda

Baron Barracuda

Posted
Posted
3 hours ago, Milwaukee Eight said:

It really depends the snapshot in time and the specifics. To say these companies pay no taxes is political narrative and just not true.  Sure some end up with very low tax rates after write offs but they employ a lot of people and create off shoot jobs. Don’t forget those employees pay taxes as well. 
 

Here is an article concerning the #1 on the list, Amazon  
 

https://www.google.com/amp/s/www.wsj.com/amp/articles/does-amazon-really-pay-no-taxes-heres-the-complicated-answer-11560504602

Wasn't stating an opinion, just answering the question  about naming US companies that paid no taxes.

 

Have no problem with US based companies (and individuals) who legally use tax code to their advantage.  If congress is unhappy they can always close loopholes.  Have a big problem with companies like cruise lines who avoid taxes and regulation by registering overseas but still want same benefits and protections as US companies.  While the pool of available bailout money is huge it isn't infinite and demand for funds outstrips supply.  IMO first priority should go to US registered companies.  

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firefly333

firefly333

Posted
Posted
1 hour ago, Baron Barracuda said:

  While the pool of available bailout money is huge it isn't infinite and demand for funds outstrips supply.  IMO first priority should go to US registered companies.  

Just what bail out money are you saying the cruises asked for or got? What protections did they ask for. Sounds like unfounded concerns to me. Ccl says no bailout for them. Havent heard from rcl.

 

I saw a interview with someone I believe was on a HAL ship, she didnt have a good connection. She is a us citizen and has a job on the ship but cdc wouldnt let her off. She feels she isnt getting treated equal to other citizens. Everyone views it different.

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Milwaukee Eight

Milwaukee Eight

Posted
Posted
Just now, firefly333 said:

Just what bail out money are you saying the cruises asked for or got? What protections did they ask for. Sounds like unfounded concerns to me. Ccl says no bailout for them. Havent heard from rcl.

 

I saw a interview with someone I believe was on a HAL ship, she didnt have a good connection. She is a us citizen and has a job on the ship but cdc wouldnt let her off. She feels she isnt getting treated equal to other citizens. Everyone views it different.

I saw same thing. CDC said Hal wouldn’t supply charter transportation from the port as required so she was denied disembarkation. Media hysteria. 

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firefly333

firefly333

Posted
Posted
6 minutes ago, Milwaukee Eight said:

I saw same thing. CDC said Hal wouldn’t supply charter transportation from the port as required so she was denied disembarkation. Media hysteria. 

Idk if was my tv box or what, i had trouble hearing the whole thing. Yes it seemed like they were trying to paint cruiselines bad was about all I got from it. 

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Milwaukee Eight

Milwaukee Eight

Posted
Posted
1 minute ago, firefly333 said:

Idk if was my tv box or what, i had trouble hearing the whole thing. Yes it seemed like they were trying to paint cruiselines bad was about all I got from it. 

It has been my understanding since this started, once the CDC got involved with the cruise lines, it required private charter to airports and such, for crew to disembark. The CDC didn’t want them dumped off the ships. 

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mugtech

mugtech

Posted
Posted
8 hours ago, soremekun said:

Side note.  Here in Boston, liquor stores are essential businesses and they're open while dentists are closed.

Guessing alcohol does not cause cavities.

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Baron Barracuda

Baron Barracuda

Posted
Posted
18 hours ago, firefly333 said:

Just what bail out money are you saying the cruises asked for or got? What protections did they ask for. Sounds like unfounded concerns to me. Ccl says no bailout for them. Havent heard from rcl.

 

 

Didn't say they requested bailout.  Thread is titled "should the cruise industry be bailed out".  My vote is no.  

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Maverick61

Maverick61

Posted
Posted
On 4/30/2020 at 1:51 PM, flyguyjake said:

Many of our largest corporations pay ZERO in taxes. 

 

Why haven't we passed a federal $15 min wage? 

 

You do realize of course that most corporations do pay taxes.  Sure, anyone can find some in a particular year that do not, but there are reasons for that.  

 

You also do realize a $15 minimum wage would destroy a lot of jobs.  The free market economy works in setting appropriate compensation

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