The Forum > General Discussion > Government aid to corporations
Government aid to corporations
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Here! Here! Dan
Posted by Josephus, Tuesday, 21 April 2020 8:37:06 AM
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Personally I can see no reason why the taxes of tens of thousands of low paid workers should be used to protect the jobs of a few thousand high paid workers. Virgin has no more claim to tax payer support than did the car industry with it's grossly over paid work force, & should sink or swim on it's own.
Posted by Hasbeen, Tuesday, 21 April 2020 8:48:57 AM
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Was it not announced yesterday that Virgin was going into receivership, making all the speculation redundant?
Posted by ttbn, Tuesday, 21 April 2020 9:49:03 AM
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Dear Shadow Minister,
Qantas is the national flag carrier and an Australian company. Virgin is a subsidiary of a global brand. The car manufacturers directly employed 60,000 and indirectly 460,000 Australians. Virgin employs 10,000. Yet wanted a bailout package the equivalent of $140,000 per worker. Once that money was spent then we would have been locked in to further supporting the company and throwing good money after bad. The Australian car industry was directly impacted by the mining boom putting the dollar at $1.10 to the USD and thus becoming noncompetitive for a period. Virgin was looking to be a loss making enterprise for 17 years. Posted by SteeleRedux, Tuesday, 21 April 2020 1:45:19 PM
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Hi Folks,
I found this on the web Apr. 17 2020 - Qantas, Virgin - restart flights with $165m Government subsidy: http://www.executivetraveller.com/news/government-subsidise-qantas-virgin-flights Posted by Foxy, Tuesday, 21 April 2020 3:14:14 PM
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Bailing out Virgin is no problem at all. Nationalise it, with no compensation, problem solved!
Nah ttbn, Virgin is not in receivership, its in voluntary administration a different thing altogether, Posted by Paul1405, Tuesday, 21 April 2020 3:42:41 PM
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