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Old 03-20-2020, 08:16 AM
Horatius is offline
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Join Date: Dec 2002
Location: Ottawa, ON
Posts: 1,464
Quote:
Originally Posted by MikeF View Post
Obviously, cruise lines are being crushed by the pandemic. Someone on the interwebs noted that many companies base in tax-friendly countries in order to avoid paying U.S. taxes. Would the U.S. consider giving taxpayer money to such companies? In principle that sounds like a bad idea but maybe there are so many jobs in the U.S. dependent on those companies is makes pragmatic sense? Especially since bailouts would have to be paid back.


I saw a post on Facebook that made a good point: Now that we're at essentially a 0% interest rate, they could borrow against their ships as collateral, and probably have enough cash to weather the storm. Why bail out a non-essential industry that is sitting on a whole lot of large capital investments? See Also: Airlines, although they are more needed than cruise lines.
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