Re:Texas electric firm files for bankruptcy citing $1.8B in ...
by heresie-dabord on Monday March 01, 2021 @05:51AM
(#26301494)
> Maybe because I don’t understand what it’s trying to say.
When a business venture is doing well, it pays generous salaries to executives and avoids taxes. When the business venture fails or creates grotesque havoc through incompetence or bad principles, a government of cronies will use tax-payers' money to pay for the consequences.
The business venture continues its "mission" and its perpetrators continue their careers.
Think of the extraordinary sums of money given to corporations "too big to fail".
When a business venture is doing well, it pays generous salaries to executives and avoids taxes. When the business venture fails or creates grotesque havoc through incompetence or bad principles, a government of cronies will use tax-payers' money to pay for the consequences.
The business venture continues its "mission" and its perpetrators continue their careers.
Think of the extraordinary sums of money given to corporations "too big to fail".