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Response to Ponietz (Original post)

Thu Mar 26, 2020, 11:33 AM

8. Sure, let's give Steve Mnuchin

control of potentially $4.5 trillion dollars to give to big corporations. Remember, these are the same corporations that promised -- they pinky-swore -- in 2017 that if they received a massive tax cut they'd give most of it to their employees. Reputable economists scoffed, and sure enough, in 2018, the corps used the windfall for stock buybacks. Exactly as we'd known they would.

Who could possibly have predicted that after they used all their cash on hand for stock buybacks to boost shareholder value, now they would be cash-poor when a crisis arises? Who could possibly have known?

Not one more penny in corporate bailouts. Put the money into taxpayers' hands in the form of moratoriums on rent, mortgage, tax, and utility payments. Sort out the rest later.

The usual suspects are using this crisis to continue their program of taking money from you and me and giving it to the 1%. It has to be stopped.

"Fool me once, shame on you. Fool me twice, shame on me."

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