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Originally Posted by Investment Painting Contractors
Union Dockworkers are paid an average of $147,000 a year with a benefits package of at least $30,000. I wish I had been that underpaid.
The ships bring in thousands of tourists everyday. The ships pay very high port fees. They buy local food. The tourist support tour companies , the attractions, local eateries, shops etc. Plus since many people have 401Ks which are tied to the stock market it helps the majority of the American Public. All of these people are paying taxes. The bail out is to insure that a company still exists after the virus. Thus everybody returns to work.
Give the workers a Fish they eat for a day. Give them a fishing pole (THE COMPANIES) They eat forever. Len
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Many people do not equate with the majority. The majority of the American Public can't afford to take a cruise, let alone invest in Carnival, even at the current rate of $9.30/share.
The USA should not be bearing the brunt of the cost to maintain and bail out these cruise lines. Of all the country flags that fly on these ships, have any of those countries stepped up to contribute? Not even asking if they've contributed as much as the USA wants to contribute. Just if they've done so at all.
You register most of your ships under some other countries' flags to avoid paying American taxes, then you should expect those other countries to bail you out.