4 ms·

Corporations should keep paying to entities who don't have as much wealth as them. For some people who aren't extraordinarily rich, it maybe their only source o

Corporations should keep paying to entities who don't have as much wealth as them. For some people who aren't extraordinarily rich, it maybe their only source of income.

lainga 7y ago
Thousands of U.S. Land Corporations form shell companies; sad dogs, one-legged orphans popular choices for board of directors
umanwizard 7y ago
How much stockpiled cash are you estimating that Subway or Mattress Firm has?
Analemma_ 7y ago
Most of these companies are paying rent to gigantic REITs typically owned in turn by hedge funds. They're not ripping off mom and pop here.
- cperciva 7y ago
  No, they're ripping of Mom and Pop's pensions.
- anonsubmit2671 7y ago
  It's best not to assume who-owns-what, but to know in each specific case.
ralph84 7y ago
Many of these retailers were barely holding on as it was. Any "wealth" that they have is heavily encumbered by debt. They have bills to pay and severely reduced income. Someone's not getting paid.
charia 7y ago
You realize that the retail business can be quite difficult and that a monthlong shuttering can and will drive many into bankruptcy. Rent payments without income will put the nail in the coffin for many businesses. I do agree with your sentiment. Paying their workers who are probably struggling significantly at the moment would be ideal. I don't feel that landlords need the $'s as much as those workers.
- christophilus 7y ago
  You never know. I know some landlords for whom the rent is their primary retirement income.
- XMPPwocky 7y ago
  > a monthlong shuttering can and will drive many into bankruptcy. They should have saved up- a decent emergency fund is three+ months of expenses, or so I'm told. In a better world... Didn't save up? You lose your business. Either it goes under or you sell it at fire-sale prices to somebody who has the assets to keep it afloat until things stabilize (possibly the government). Your workers? Of course, the government will support them as individuals. And you, too! You won't be homeless or starving, even if your business fails completely. You just won't have your business anymore. "But what about startups or very small businesses who haven't had time to accumulate enough capital to survive this?" Then you do what you usually do to turn a rare risk into a predictable expense: buy insurance.
  - digitaltrees 7y ago
    But everyone will end up poorer if we let mass bankruptcy to wash over the economy. Many of these SMBs and large corps took years to establish and have domain knowledge, trained work forces, supply chains that can’t just spin up easily. A little collective sacrifice and collaboration goes a long way when everyone is sinking together.
    - XMPPwocky 7y ago
      > Many of these SMBs and large corps took years to establish and have domain knowledge, trained work forces, supply chains that can’t just spin up easily. And the value of all that will help get them a higher price when they sell the company. Investors too scared to snap up these bargains? Cool- the government buys it and nationalizes it. A little collective sacrifice and collaboration goes a long way all the time- not just when you get run over by the steamroller you were picking up pennies in front of.
      - 7y ago

Corporations should keep paying to entities who don't have as much wealth as them. For some people who aren't extraordinarily rich, it maybe their only source of income.

lainga 7y ago

Thousands of U.S. Land Corporations form shell companies; sad dogs, one-legged orphans popular choices for board of directors

umanwizard 7y ago

How much stockpiled cash are you estimating that Subway or Mattress Firm has?

Analemma_ 7y ago

Most of these companies are paying rent to gigantic REITs typically owned in turn by hedge funds. They're not ripping off mom and pop here.

cperciva 7y ago
No, they're ripping of Mom and Pop's pensions.
anonsubmit2671 7y ago
It's best not to assume who-owns-what, but to know in each specific case.

ralph84 7y ago

Many of these retailers were barely holding on as it was. Any "wealth" that they have is heavily encumbered by debt. They have bills to pay and severely reduced income. Someone's not getting paid.

charia 7y ago

You realize that the retail business can be quite difficult and that a monthlong shuttering can and will drive many into bankruptcy. Rent payments without income will put the nail in the coffin for many businesses. I do agree with your sentiment. Paying their workers who are probably struggling significantly at the moment would be ideal. I don't feel that landlords need the $'s as much as those workers.

christophilus 7y ago
You never know. I know some landlords for whom the rent is their primary retirement income.
XMPPwocky 7y ago
> a monthlong shuttering can and will drive many into bankruptcy. They should have saved up- a decent emergency fund is three+ months of expenses, or so I'm told. In a better world... Didn't save up? You lose your business. Either it goes under or you sell it at fire-sale prices to somebody who has the assets to keep it afloat until things stabilize (possibly the government). Your workers? Of course, the government will support them as individuals. And you, too! You won't be homeless or starving, even if your business fails completely. You just won't have your business anymore. "But what about startups or very small businesses who haven't had time to accumulate enough capital to survive this?" Then you do what you usually do to turn a rare risk into a predictable expense: buy insurance.
- digitaltrees 7y ago
  But everyone will end up poorer if we let mass bankruptcy to wash over the economy. Many of these SMBs and large corps took years to establish and have domain knowledge, trained work forces, supply chains that can’t just spin up easily. A little collective sacrifice and collaboration goes a long way when everyone is sinking together.
  - XMPPwocky 7y ago
    > Many of these SMBs and large corps took years to establish and have domain knowledge, trained work forces, supply chains that can’t just spin up easily. And the value of all that will help get them a higher price when they sell the company. Investors too scared to snap up these bargains? Cool- the government buys it and nationalizes it. A little collective sacrifice and collaboration goes a long way all the time- not just when you get run over by the steamroller you were picking up pennies in front of.
    - 7y ago