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0 pointstrimbo6y ago0 comments

It's not just one or two companies. At minimum: all retail, all airlines, all hotels, all cruise ship companies are at risk.

0 comments

tarsinge6y ago

Apart from paying people to stay at home during the pandemic what's the issue? Why would tourism disappear? Buy the failed airline/hotel, change the name, personnel returns to work, business as usual.

trimboOP6y ago

Who with cash is going to buy all of these businesses and take on their debt? Apple? Microsoft? Some PE firms?

Or is your proposal to default on all the debt for those industries and buy the companies in a firesale? Tourism would actually disappear in that scenario...

llcoolv6y ago

It won't disappear. Just change owners as it was already explained and proven.

mistermann6y ago

They United Stats Government should do it. They have literally unlimited funds, and this approach would actually be the most consistent with our "capitalistic" economic model.

Not that we live in anything approaching a capitalist economy of course, but it would be funny if they were logically consistent for once.

2 more replies

nocorpwelfare6y ago

Because we're all about to be broke and there won't be any free cash to "go on vacation."

viklove6y ago

Good, then we should let the industries fail instead of keeping them around as zombies. Mail the employees checks for a year until they can find a new form of employment.

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