Government is now talking about another tax payment extension and bailout. Capitalism (like evolution) stops working when government creates a safety net such that reckless and wasteful companies cannot die. More bailouts are more incentive to be reckless and wasteful.
-
Show this thread
-
The more we reward reckless and wasteful behavior, the less efficiency we will get in our system, which is basically what capitalism is all about. At the same time, I feel like I'm playing a video game where all the things I have worked so hard for have been taken away from me.
1 reply 0 retweets 6 likesShow this thread -
It's like you played World of Warcraft for 1000 hours only to get some really sweet virtual items that make you powerful and respected in the community and then Blizzard comes in and says "everyone gets those items now, for free." Well, fuck, now I don't want to play anymore.
3 replies 0 retweets 6 likesShow this thread -
I guess I'm sort of asshole or something, but you can't call this pandemic some sort of unforeseeable event. These things have happened over and over throughout our history. I don't know what I'm meant to do. Sit happy and watch my competitors get access to infinite free money?
3 replies 0 retweets 7 likesShow this thread -
Replying to @Molson_Hart
Giving businesses money when they're not forced to shut down is dumb. For companies I follow, the magnitude of the bailout is maybe a month of losses (besides airlines). If the next round is that big, they're getting propped up for about 2 months.
1 reply 0 retweets 0 likes
Everyone I know took money from the gov't and everyone I know (except people selling like travel luggage or whatever) is killing it because e-commerce is booming. It's fucking stupid.
-
-
Replying to @Molson_Hart
The bailout was a blunt object with lots of waste, true.
0 replies 0 retweets 0 likesThanks. Twitter will use this to make your timeline better. UndoUndo
-
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.