Woman Responds To Companies Failing Because Of Coronavirus By Saying The Same Things Poor People Hear
Those who are living below the poverty line have always faced criticism from both politicians and the public. While there are many proposed causes of poverty, those who rely on the government’s assistance to get by are often perceived as “not hardworking enough” or simply “lazy.” Last year, according to the U.S. Census Bureau’s 2018 estimates, 38.1 million Americans lived in poverty. As many as 17.3 million of them lived in deep poverty, with incomes below 50% of the poverty threshold. Yet, instead of receiving appropriate support, these people are often told to pull themselves up by their bootstraps. Or get a better paying job. Or two jobs. If only it were that easy.
Recently, Twitter user @KeziyahL went viral for highlighting how unfair and unreasonable it is to blame people in need for their own struggles, instead of offering help. You wouldn’t say that to a billion-dollar company struggling to keep itself afloat during the coronavirus crisis, would you? Well, that’s exactly what she did, with the purpose of showing how ridiculous it would sound. Scroll down below to see it for yourself.
More info: twitter.com
Image credits: KeziyahL
Image credits: KeziyahL
Image credits: KeziyahL
Image credits: KeziyahL
Image credits: KeziyahL
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All of the big executives at Boeing make salaries well into the millions. No bailouts for the company. They need to start making changes in compensation packages for these people.
It's not about the executives but the shareholders. The problem is: many companies took loans to buy back stocks. By doing so they got better ratings and their stocks went up, so their shareholders got more money. Now instead of saving for bad times they invested all their money to buy back even more stocks to get even better ratings. And suddenly they are out of money, can't pay back their loans. This would be no problem: they had to file for bankruptcy that's not the end of the company, the company would keep running like now just under observation. BUT, all shares would go to zero, all shareholders had a 100% loss. It was their own choice to invest in an irresponsible company, so no problem right? Now in the US as far as I know the pensions fonds rely heavily on Boeing stocks... and there you have it: the big f*ckup this is all about. Boeing knows the state won't let them fail and don't care about the risks and the state failed because it made itself dependent on single companies.
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As someone who worked for the airlines...this is fact: A couple of years ago the price of jet fuel skyrocketed. To offset their own financial loss from the rise in fuel...The airlines implemented baggage fees. Well you should also remember that the cost of Jet fuel eventually went back down. But guess what? Those baggage fees remained. On top of that, Airlines got greedy once they saw people were willing to pay for the dumbest s**t. Want to board early? Fee. Want to sit in the Aisle? Fee. Wifi? Fee. The airlines made hundreds of millions off these micro transactions. So much so that as an added incentive to their employees, Delta cuts their staff a bonus "thank you" check every year...on average two month's worth salary. This acts as a buffer to keep them from unionizing. So no, I'm not eager to help out the airlines. Not when it costs over 2 grand just to fly a family of 4 across the country for a vacation.
Don't know why Bill is getting downvoted. Boeing isn't an airline. It's a plane manufacturer. It's NOT AN AIRLINE-- they don't buy jet fuel or set baggage fees. Airlines do that. People seem to be commenting as if they don't care because Boeing is just some airline. It's not. It's one of the only plane manufacturers and engine manufacturers in the world (the other being Airbus). Boeing aren't responsible for micro-transactions or the cost of flights, not really. The reason they have no capital is because planes are insanely expensive to build, and their product, the 737 max had problems, which they had to fix out of their own pocket for airlines (fair enough, it was their bad), with the idea being that once the planes were running well the airlines would pay for their existing shipments and ship more. All the planes being grounded means all of that is gone. Yeah their ceo makes like 14 million but the margins in aviation are crazy tight, its not like his wage would have helped much.
Load More Replies...
It is ironic that companies like Boeing and government Repubs claim to be "conservative" when they are the exact opposite. They have developed a system where the rich and powerful can gamble, grab the profits, and then leave the taxpayers to pay the bills. That's not capitalism. It is corporate welfare. It is no coincidence the MoscowMitch decided to write the next "rescue" bill with only Repub input. I bet there are some permanent tax cuts for corporations thrown in there as well.
Getting and hoarding all the resources is actually the root ideal of Conservatism. We have Edmund Burke to thank for that; he believed firmly that humans desire to ruled and controlled, but how to determine who was worthy to rule? He hit upon the idea of hording and acquiring property to prove moral and intellectual "superiority," using possessions as a proxy for war. If you are a Moral and Intelligent person who deserves good things, you'll get them. That's why Conservatives steal money, power, and influence while refusing to help others. They literally believe that poor people deserve to be poor because they are immoral and stupid, and desire to be ruled and oppressed. Thus, the natural progression of Conservative philosophy is fascism/authoritarian dictatorship. Add the ugly marriage of these Regressive Religious influences in America (and the Prosperity Gospel) and you have a group of "leaders" intent on Theocratic Dictatorships keeping the average citizen powerless.
Load More Replies...
All of the big executives at Boeing make salaries well into the millions. No bailouts for the company. They need to start making changes in compensation packages for these people.
It's not about the executives but the shareholders. The problem is: many companies took loans to buy back stocks. By doing so they got better ratings and their stocks went up, so their shareholders got more money. Now instead of saving for bad times they invested all their money to buy back even more stocks to get even better ratings. And suddenly they are out of money, can't pay back their loans. This would be no problem: they had to file for bankruptcy that's not the end of the company, the company would keep running like now just under observation. BUT, all shares would go to zero, all shareholders had a 100% loss. It was their own choice to invest in an irresponsible company, so no problem right? Now in the US as far as I know the pensions fonds rely heavily on Boeing stocks... and there you have it: the big f*ckup this is all about. Boeing knows the state won't let them fail and don't care about the risks and the state failed because it made itself dependent on single companies.
Load More Replies... As someone who worked for the airlines...this is fact: A couple of years ago the price of jet fuel skyrocketed. To offset their own financial loss from the rise in fuel...The airlines implemented baggage fees. Well you should also remember that the cost of Jet fuel eventually went back down. But guess what? Those baggage fees remained. On top of that, Airlines got greedy once they saw people were willing to pay for the dumbest s**t. Want to board early? Fee. Want to sit in the Aisle? Fee. Wifi? Fee. The airlines made hundreds of millions off these micro transactions. So much so that as an added incentive to their employees, Delta cuts their staff a bonus "thank you" check every year...on average two month's worth salary. This acts as a buffer to keep them from unionizing. So no, I'm not eager to help out the airlines. Not when it costs over 2 grand just to fly a family of 4 across the country for a vacation.
Don't know why Bill is getting downvoted. Boeing isn't an airline. It's a plane manufacturer. It's NOT AN AIRLINE-- they don't buy jet fuel or set baggage fees. Airlines do that. People seem to be commenting as if they don't care because Boeing is just some airline. It's not. It's one of the only plane manufacturers and engine manufacturers in the world (the other being Airbus). Boeing aren't responsible for micro-transactions or the cost of flights, not really. The reason they have no capital is because planes are insanely expensive to build, and their product, the 737 max had problems, which they had to fix out of their own pocket for airlines (fair enough, it was their bad), with the idea being that once the planes were running well the airlines would pay for their existing shipments and ship more. All the planes being grounded means all of that is gone. Yeah their ceo makes like 14 million but the margins in aviation are crazy tight, its not like his wage would have helped much.
Load More Replies... It is ironic that companies like Boeing and government Repubs claim to be "conservative" when they are the exact opposite. They have developed a system where the rich and powerful can gamble, grab the profits, and then leave the taxpayers to pay the bills. That's not capitalism. It is corporate welfare. It is no coincidence the MoscowMitch decided to write the next "rescue" bill with only Repub input. I bet there are some permanent tax cuts for corporations thrown in there as well.
Getting and hoarding all the resources is actually the root ideal of Conservatism. We have Edmund Burke to thank for that; he believed firmly that humans desire to ruled and controlled, but how to determine who was worthy to rule? He hit upon the idea of hording and acquiring property to prove moral and intellectual "superiority," using possessions as a proxy for war. If you are a Moral and Intelligent person who deserves good things, you'll get them. That's why Conservatives steal money, power, and influence while refusing to help others. They literally believe that poor people deserve to be poor because they are immoral and stupid, and desire to be ruled and oppressed. Thus, the natural progression of Conservative philosophy is fascism/authoritarian dictatorship. Add the ugly marriage of these Regressive Religious influences in America (and the Prosperity Gospel) and you have a group of "leaders" intent on Theocratic Dictatorships keeping the average citizen powerless.
Load More Replies...
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