I am humored at the "both sides" argument here.
You support universal healthcare, dental and such, and vote for people who would sell those services to the highest bidder in the private sector without batting an eye.
By no means am I saying that the liberal party is 100% perfect or immune to bullshit, but there's a difference between stepping in shit, and taking a swim in a septic tank.
Your voting for the septic tank because you don't like it when your shoes smell like shit.
Good job.
Any indigenous people can feel free to correct me, but I don't think the anger that caused "truth and reconciliation" to be created, is exclusively focused at Christians.
I would dare say that, the indigenous people don't care to differentiate the blame for the atrocities committed, by religion.
Also, this whole thing isn't about you, or your religion Mr smol pp. How about you stfu.
While we're on the topic, can media companies stop giving this guy coverage? Nobody gives a shit. Go away.
I'm pretty certain you're correct.
I've been loosely following along (I am not an American), and I did not realize the consequences myself. Holy shit, he's basically halting paycheques for a lot of the people working directly and indirectly for the government.
I feel bad for those people. Hopefully they have enough to weather this storm until Taco gets advised that this action is fucking stupid as all hell.
Well, money is only as valuable as we think it is, and what goods or services it can be traded for.
The money itself carries very little value itself, only what we assign to it, or associate to it.
If the economic system based on the currency currently in use collapses, the money you have won't be worth the paper it's printed on.
It keeps working because the insurance/bank systems are evaluating things on the merit of the lender and their business plan. Anyone can make a decent business plan that will pass muster if you fiddle with it long enough. And the individual company/organisation that is defaulting on these are a dime-a-dozen. Since the failure of the loan goes down with the ship (and company), even if the borrower's ask for more money tomorrow, as long as the request is coming from a different company/organization, the banks evaluate based on the organisation that is requesting the loan, not the leadership's failed previous attempts from other businesses.
Incorporated companies have limited liability from their owners. While the owners operate as agents of the business, ultimately the business itself is liable for their decisions. They don't bear any responsibility. So their actions are based on what will get them, personally, the most value extracted from the business, not based on what's good for the long-term success of the company itself.
The banks, and/or the insurance companies.
In the case of the banks, the money isn't real and never existed in the first place.
The fiat money system is pretty fucked when you understand it.
At worst they take the "loss" and at best, they get bailed out by public dollars.
Pick whatever fits your ideals.
The sad part is that these numbers are made up and Disney probably won't really be affected by this.
Unless a majority of D+ unsubscribes, stay unsubscribed, this will be little more than a blip on their financials.
I hope he shuts down the government, honestly.... It might limit how much damage he does.
I generally feel like leveraged buyouts for numbers into the billions are just inside jobs for those selling.
Stay with me for a sec.
So the seller makes a closed door deal with the "buyer" to funnel money back to them personally after the sale is done. So in this case, say, they commit 3.6bn to the "buyers" and pocket 3bn for themselves. Almost the entire purchase is leveraged, with the expectation that it will become unsustainable and go bankrupt shortly after the purchase.
The buyers don't really give a shit, they'll write it off, collect whatever they can from insurance, etc. They didn't really want to company anyways, so they let it fold.
The money they took home from the deal with the seller is entirely theirs, the company bears the weight of the debt and the consequences of defaulting on the debt, so the execs that made the move are basically free and clear.
Everyone wins, except, you know, the poors who work at the purchased company, the banks, who don't give a shit, and insurance people, which... Nobody gives a fuck about them...
At the end of the day, the execs of the purchasing company get rich, the sellers get rich, and that's the fucking point.
If the sellers instead just closed up shop, they would get maybe a fraction of the money they would from selling it, mainly in selling off assets... It would be a pittance compared to this scheme.
All they need to do is find someone they can buy out the morals of, to complete the deal. This is surprisingly easy in the corpo world.
Yeah, I'm not thinking of one of your new fangled contraptions where a bit will just snap in
You're given the opportunity to pay us money to get the same functionality you currently enjoy!
Not saying I'm a fan of the police, but I think they made a good call this time.
..... this time.