2 ms·
> Do any of these companies? I'd argue yes, to a certain extent. The government has ordered suspension of businesses for the good of public safety and welfare.
by sailfast 7y ago
> Do any of these companies?
I'd argue yes, to a certain extent. The government has ordered suspension of businesses for the good of public safety and welfare. Yes, they deserve some sort of compensation for that, I would suggest.
If you're going to tell me I cannot open my business to pay my employees under threat of arrest, then it would be fair to provide some compensation during the time I am ordered to not work so I can pay my staff and keep my existing obligations paid (or forbearance, etc)
This depression is not the result of a lack of demand, but a government-ordered stoppage of work.
That said, there are secondary and tertiary effects on businesses and the economy here beyond wages and paying rents that will be detrimental to share value and equity values (or ability to pay debts used for other purposes like share buybacks). Equity holders should not be bailed out. As an equity holder you're an owner. You're the last to be paid.