I don't disagree, but getting there average person to buy into that when their inflation adjusted income is no better than like 1975 is a hard sell.
We continually privatize profits and socialize losses. At some point there needs to be a total shift in the way of thinking about how our economy works. Our current MO is completely unsustainable. This isn't something any one person can accomplish. It's going to take a cultural shift in what it means to run a company profitably and who its stakeholders really are (hint: not the shareholders)
I agree but trying to fix that during a recession\depression\global pandemic is a very risky proposition. Make the wrong moves and you just make the situation worse for everyone, not just for the owners and workers of airlines.
Tough shit. Lot of companies are in the same boat. Tell United to ask Uncle Warren for bailout. Warren Buffett owns 8.8% of United stock. Buffett has enough cash to easily float United until demand returns.
You think Buffet keeps enough cash on hand to give United $3B per month? I'd like to see your reasoning behind that...
I'm only for supporting the airlines after Chapter 11. Let United and others file for bankruptcy. Let the shareholders and management get 100% wiped out on their stock equity holdings first. Don't bailout Warren Buffett. He has the cash to save the airlines if that's what he wants. Buffett has been greedy since the '08 bailout and have been heavily investing in companies doing huge stock buybacks. It was almost as if that's all he cared about. Buffett profited heavily from all the massive stock buybacks. Let him now suffer.
No way we should bailout any airlines before Chapter 11. Let them fail first.
There are some 620,000 employees that work for airlines and I guarantee you they will see layoffs, salary reductions, and negative benefit changes if the airlines go through bankruptcy. It's shortsighted to think they won't be hurt more by this than Buffett