COVID-19 No Bailout for You #2

Twice since the 1990's greedy corporate hoodlums took advantage of the bailouts. The Savings and Loan crisis and the Great Recession resulted in public money used for excessive  private gain.

• Executive bonuses greater than an entire American family of five make in a year.
• Leveraged buy-outs by corporate raiders using money that was not theirs
• Stock buy backs
• Political gifts to key members of congress who voted for the legislation.
• Shifting of personal profits off-shore to escape taxation on the gains

All this can be corrected with simple requirements by the gate keepers. Here is where we need the rules and regulations - not on grants to the small businesses. And if you do not like the requirements, tough. No one is making you take the money.

• No corporate political contributions
• No individual political contributions to PACS by six figure employees.
• No bonuses - you did not save the company, we the taxpayers saved your asses.
• No acquisitions.
• No stock buy backs for a decade
• All employees get a base of $17.50/hour, full health insurance, a retirement plan and 90% of the workers must work a minimum 32 hour week.*
• No increase in contracted workers so as to avoid the employment criteria.
• No off shore bank accounts.
• I'll think of some more, just give me time.

If you do not like the terms, tough. Go away.

 

*That is to ensure that employees are eligible for all benefits.