Because they employ people, are good for the economy, and they pay taxes?
The pay a net effective tax rate of .8%. For the most part they hire foreign staff and pay them far below the US minimum wage (because the ships are based out of Panama or some other tax Haven). They pollute out the wazoo. Could care less if they disappear.
The economics of cruise ships
With businesses forced to close, how long before we see looting by opportunists?
Which = how long before business owners return to their stores and engage in target practice? I’ll never forget the Korean business owners in LA during the whole Rodney King episode on the roof of their businesses in LA popping looters with rifles. Could get fugly.
Well crap EL, I was hoping for a PF get together cruise!!The pay a net effective tax rate of .8%. For the most part they hire foreign staff and pay them far below the US minimum wage (because the ships are based out of Panama or some other tax Haven). They pollute out the wazoo. Could care less if they disappear.
The economics of cruise ships
I am worried we are going to see mass rioting in major cities if this goes on too long. Especially if people are broke.
I ran those same numbers about a week ago, maybe a week and a half and the number of deaths has tripled as I had the number under 10,000 using Italy’s percentages and 330M US people. I believe there is some overreaction but that’s a big jump in a short amount of time. I’ll be curious to see if that trend continues.Still using Italy as my worst case barometer.
At .001 infection rate with .10 mortality rate.
If we copy that over 300,000,000 Americans, I get 30,000 deaths.
Just looking for honest debate. What am I doing wrong here?