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Old 03-24-2020, 01:26 PM
ColdNoMore ColdNoMore is offline
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Quote:
Originally Posted by rustyp View Post
I'll bet it's more than just insurance but you have a good point about other types of taxes they may pay.

Here is where my plan kicks in. All large corporations of "X" size requesting subsidy money gets per a phased plan. First phase the size of the subsidy is no larger than the amount they paid in taxes 2018. That amount is to be published so we the taxpayers can see their contribution to our society. Then there can be several other phases of money distribution but each phase be based upon some rule from the previous phase. Example no more money if you laid off employees. Phase two perhaps was based upon sustaining payroll. And above all no stock buybacks allowed until the entire amount is paid back to us - the taxpayer.
Not a bad start, but IMHO all additional socialist corporate bailouts/handouts/subsidies...need to go a LOT further.

1. If you used your tax breaks to buy back stock...you go to the back of the line.
2. If you used your tax breaks to increase executive pay, or to give out bonuses to upper management...you go to the back of the line.
3. If your tax liability % for the last few years has been well below the average paid by small businesses, or families...you go to the back of the line.
4. If you are a big business and haven't already cut your manager's, executives and CEO pay by at least 25%, but have laid off regular workers instead...you go to the back of the line.
5. If you work on Wall Street/the financial sector, took advantage of both the 2009 bailout's and the latest tax breaks, yet still received bonuses...you go to the back of the line.
6. If you didn't give pay raises to hourly employees, build new plants or pass on the majority of your savings from the last TRILLION dollar tax break to help employees...you go to the back of the line.
7. If your annual income is more than $75K single, $150K household (including withdrawals from investment income)...you go to the back of the line.
8. If your business was already in trouble due to poor, or ethically challenged management decisions (looking at YOU Boeing)...you go to the back of the line.
9. Etc., Etc., Etc....and feel free to add your own.

In other words, if you've already benefited from the previous TRILLION dollar Socialist Corporate/Wealthy Handout, but didn't invest in expanding your business or helping your employees...you go to the back of the line.