As Congress continues to debate solutions to the economic fallout from the novel coronavirus, a common sentiment is to recoil at the idea of “bailouts.” Some, such as Rep. Alexandria Ocasio-Cortez, have suggested that corporations should have done a better job creating rainy-day funds for situations such as this. In reality, however, it’s not reasonable to expect businesses to have prepared for a situation as unprecedented as this.
96% of airline profits over the last decade went to buying up their own stocks to juice the price – not raising wages or other investments.
Recommended Stories
Print subscriber? Click here to login/register your accountDigital subscriber? Click here to login/register your account.
