Several comments here and there over the past 6 weeks or so pointing out that at least in the US, airlines and other giant corps have plowed almost all the money they saved on taxes into buying back their stock, thereby to increase the value of the stock still outstanding, which is often held by top corporate officers and the other very rich. And therefore putting themselves into a position where a few weeks’ loss of income will drive them under. The folks making this point were universal in their condemnation of the idea that the government should bail out huge companies who _could have _ been building up a nest egg with which to make it through difficult times.
Several comments here and there over the past 6 weeks or so pointing out that at least in the US, airlines and other giant corps have plowed almost all the money they saved on taxes into buying back their stock, thereby to increase the value of the stock still outstanding, which is often held by top corporate officers and the other very rich. And therefore putting themselves into a position where a few weeks’ loss of income will drive them under. The folks making this point were universal in their condemnation of the idea that the government should bail out huge companies who _could have _ been building up a nest egg with which to make it through difficult times.