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So you are justifying corporate welfare because it helps the little guy. Insert laugh cry emoji here. The idea of the economy grinding to a halt is a straw man
by grandalf 9y ago
So you are justifying corporate welfare because it helps the little guy. Insert laugh cry emoji here.
The idea of the economy grinding to a halt is a straw man. Assets sold at a discount are typically snatched up. What is "lost" is just the profits that were earned via a bad risk management strategy. We should not incentivize firms to be sloppy about risk, ever.
Vibrant firm failure and rebuilding is a better health indicator for an economy than state-backed crony corps claiming solid profits year after year.