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I think the problem comes in when you know you are going to get a bailout if something catastrophic happens. If the Airlines had to pay into a mandatory insuran
by neaden 7y ago
I think the problem comes in when you know you are going to get a bailout if something catastrophic happens. If the Airlines had to pay into a mandatory insurance for this sort of thing it would be different, or if they were just going to be allowed to fail. But the Airlines want the best of both worlds.
- toomuchtodo 7y agoMandatory insurance would've been corporate taxes, with the government stepping in during a crisis.
- neaden 7y agoI was more thinking something like the National Flood Insurance program. Corporate taxes would be similar if the airlines and other bailoutable industries had to pay a higher rate to compensate, but right now they don't.
- toomuchtodo 7y agoWe agree, we're just arguing semantics I think. I'd support the idea of a specific program airlines paid into under a federal office that would then provide relief during catastrophic events.