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Response to Jose Garcia (Original post)

Wed Mar 25, 2020, 11:32 PM

30. I have not read the bill, but I will say this:

Because the Democrats stayed tough, the bill likely does have some good provisions for workers and may even permanently strengthen safety nets such as UI, which the Republicans have cut away at for decades.

That said, no matter how much oversight is to be placed on this $500 billion going to Mnuchin, one guy is still going to have half a trillion dollars. Now, if that was going to be used mainly for small businesses, to keep them afloat and to keep their workers on payroll, great.

But my fear is that it may be used to funnel money to big multinational corporations while not requiring much of them except not to pay executive bonuses or buy back shares. It would be better (and I know, the Republicans would never agree) if the money had strings attached that forced an expansion of fiduciary responsibility of corporate officers beyond mere shareholder earnings - in other words move corporations receiving the aid permanently toward an expanded stakeholder model of operations rather than shareholder primacy.

AOC takes a lot of flack, sometimes rightly, but she does understand this about corporations. If we forced these entities to a stakeholder model it would solve a plethora of problems moving forward.

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