Most cruise ships are registered in the Bahamas in order to avoid U.S. taxes. This also protects them from U.S. labor and environmental laws. This doesn't shield them from U.S. bailouts though! We all know every corporation loves free corporate welfare courtesy of brainwashed U.S. taxpayers. Next time you criticise and hoot and holler against socialism, please know that if it wasn't for socialism your free market would stop running.
There is no reason to bail them out... let them reorganize. I do see it as the tax payers who are brain washed on this. We almost all would think the money is better set aside for the people directly... Its our politicians beholden to the money which comes to their campaigns indirectly through all the companies attached to Wall Street financing and ultimately the spigot / back stop of all financial risk - the FED reserve.
I don't see how those clowns are making any money even before this corona thing. The headlines have been nothing but cruise ships with illnesses on board for the last two years even before corona. We don't need to be funding giant petri dishes as a way of making our country more safe. To fund those fuckers now would be the American equivalent of China re-opening its "wet markets" which they are actually doing. Right now you have dozens of cruise ships trying to find a port anywhere between San Diego and Kodiak, Alaska that will take them. And many of them have sick people on board by the pantload due to their petri dish design.
As far as I know, this isnt even news but already built into the bailout package that was passed, just like casinos were part of the bailout
I thought I heard somewhere Cruise Industry was originally considered but on final passage left out. Post a link if you have it available or I’ll look later. Regardless, the contents of the bailouts, backstops are everyone’s, not one party, near unanimous in both House and Senate.
I agree to some extent but the cruise ship industry employs 100,000 people directly and 5 x that indirectly as well as contributes billions to local U.S. economies, not to mention the income and sales tax revenue they generate. Would be tough to leave them out completely.