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Hard agree but christ i can hear the screams of ‘communism!!!’ from here.
Alternate plan is the amount of govt bailout in shares is now owned by the govt.
Alternate plan is the amount of govt bailout in shares is now owned by the govt.
Oh! I couldn’t come up with a proper way to do it but you solved it for me.
no private companies shuld ewer be bailed out.
I disagree on the basis that some industries and companies are not needed to be owned by the government during peace time but will be needed to be controlled by the government during times of war. Things like vehicle manufacturing that can be quickly retooled to make tanks. However there should be a penalty when they are bailed out, or that the government just buys shares of the company instead of giving them money.
This seems like one of those things that sounds like a great idea, but isn’t actually enforceable. Like how is the government going to do that for a public traded company? What happens when hundreds of millions in savings and retirements just disappear because the government took the company?
It’s not Average Joe’s fault that a bunch of execs wrecked a company just so they could get their golden parachute, but it’ll take him an extra five years of work to make up the lost retirement funds. Who is he going to blame, the execs or the government who took the company?
