Airlines....

[treedragon]

Now airlines are moaning and there’s talk of bailing them out like the banks in 2008.

I hope not. Why should we bail out big business? If they can’t survive in a free market then it’s the way life is. Ryanair don’t give a damn about their customers. So why should we give a damn about them?

We are going to have see tax rises at some point but I'm not sure what the solution is as we have a shrinking tax paying population who already have high costs eg education, housing, childcare, pensions and stagnant wages so Im not sure what people can afford. I would happily pay more tax ring fenced for the nhs but will it exist in its current form when i'm 60? We have had low interest rates for a long time now & the economy has still struggled.

Lovely attitude OP. My DD is Cabin Crew and worried about her job . Thousands are in her situation .

This may sound stupid but after all this bailing out and billions spent on Brexit and CV and all the rest. How will this country function at all? [] Or do we just keep going on debt?

That would all depend very much on your definition of "we", really. Somehow I can't see Boris and chums ever losing out. So I guess you'd better be prepared to be subbing them up till you - or they - die.

Still, that's life eh ? You win some. You lose some.

I am really worried. DS works for an airline and was laid off over the winter, he's only been back a few weeks and hasn't been paid yet as his start date was after the cut off for payroll for that month. There's only me and him at home and I don't know how he will manage without any income until flights are reinstated. At the moment he's still on shift but that could change overnight.

this is an economic crisis too

this is an economic crisis too

Well, it's worse than that, really: it's a self-reinforcing cycle!

The thing is: economic crises kill people, too. One study estimated an additional 500k cancer-relatated deaths alone as an indirect consequence of the 2008 crash.

Poverty is horribly bad for people in all sorts of respects - one of them being health! This is my main reason for firmly believing that we have to do what we can to prevent total economic collapse.

My DSis has already lost her cabin crew job. As have many of her friends. Not only is it worrying for them, we are out in a "region" and our connectivity has been badly damaged by the collapse of FlyBe.

to all those whose families earn their wage in the airline industry. I hope that something gets sorted and you are not all left like FlyBe staff.

I agree @BrexpatInSwitzerland

Poverty is horribly bad for people in all sorts of respects - one of them being health! This is my main reason for firmly believing that we have to do what we can to prevent total economic collapse.

Fool me once, etc.

As I noted upthread, we did bail out the banks. And paid for it with 10 years of austerity which shat on the disabled, the less well off, the working parents, the vulnerable elderly amongst others.

So if there is less sympathy - or appetite - for bailing out the airlines (who are going to be at the head of a very long queue) then maybe folk should re-focus their attention onto the greedy bastards who swallowed all our money for their bonuses, whilst waving two fingers to use by charging us more and more for their services than ever before.

How old will the retirement age have to go for these next putative bailouts ? 100 ? 110 ? Are we going to enter a society where people who selfishly die before they reach retirement find their families are expected to continued paying to clear their debts ?

How old will the retirement age have to go for these next putative bailouts ?

Unfortunately if hundreds of thousands of people lose their jobs we still will have to pick up the cost, it just depends which cost is lower.

maybe folk should re-focus their attention onto the greedy bastards who swallowed all our money for their bonuses

I agree but we live in a global world so any sanctions need to be enforced on a global scale which there isn't the appetite for.

by charging us more and more for their services than ever before.

Personally I think if we want change people need to chose carefully where they spend their money, but this costs money at least initially.