Showing posts with label corporate bailouts. Show all posts
Showing posts with label corporate bailouts. Show all posts

Thursday, March 19, 2020

Holding corporations to account for any bailout money

Sen. Elizabeth Warren (D-MA) put a list of suggestions on Twitter. Stuff like maintaining payrolls and prohibiting stock buybacks. Obviously these ideas didn’t actually originate with her, or with any one person in particular, but this is a convenient presentation.

I would add, make companies bring back the money they have stashed in tax-evading overseas accounts, and pay their taxes on it, and then go through that, before they get a dime of bailout. Another thing I’d do, is use the criminal code to liquidate the scorched-earth vulture capital firms, and put those ill-gotten assets back into the economy.

The chances of much of this happening, especially my added notions, are not great to say the least. But of course it’s worth aiming for, in whatever ways.