jimnyc
04-20-2020, 12:01 PM
All businesses are suffering out there. Then some individuals are taking a beating more than others. Poor folks to begin with are in a truly crappy position now. Then you have rich people that are able to ride things out individually. Then you have the mega rich. They can ride it out easily, and have businesses to answer to. And unfortunately, not all are going to get what they want from bailouts. Some can only afford to put in so much of their own money to survive.
But Branson won't lose a penny and expected employees to start adding up losses from the beginning. Wanted a bailout and still does. He wants his cake and to eat it too - off the taxpayers cooking and cleaning.
He should be like everyone else. Get minimal IF he qualifies. And if not, let him feel the hurt just like everyone else does.
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Billionaire Branson Asks For Government Money To Save Virgin Atlantic, Claims He ‘Did Not Leave Britain For Tax Reasons’
Billionaire Sir Richard Branson has responded to criticism over Virgin’s handling of the coronavirus crisis. In an open letter to “the Virgin family” Branson thanks his 70,000 staff and addresses “comments” on his “net worth” and the need for government money to support the businesses they work for.
Since the start of the coronavirus pandemic Branson has faced scrutiny after an early decision to ask Virgin airline staff to take eight weeks’ unpaid leave.
The move was met with a barrage of criticism, Richard Fuller the Conservative MP for North East Bedfordshire since 2019 slammed Branson in Parliament, claiming that Branson should use his net worth to pay the unpaid leave and that it could be covered by the “interest on your wealth” claimed by Fuller at the time to be $3.8 billion, “for eight weeks.”
As Forbes pointed out at the time, Mr Fuller’s estimation of Branson’s net worth assumes the £3.8 billion is a cash asset that can gain interest sitting in a bank account. Branson’s net worth is compiled from a network of public and private investments. His current cash pile sits at £520 million ($600 million).
Rest - https://www.forbes.com/sites/daviddawkins/2020/04/20/billionaire-branson-asks-for-government-money-to-save-virgin-atlantic-claims-he-did-not-leave-britain-for-tax-reasons/
But Branson won't lose a penny and expected employees to start adding up losses from the beginning. Wanted a bailout and still does. He wants his cake and to eat it too - off the taxpayers cooking and cleaning.
He should be like everyone else. Get minimal IF he qualifies. And if not, let him feel the hurt just like everyone else does.
--
Billionaire Branson Asks For Government Money To Save Virgin Atlantic, Claims He ‘Did Not Leave Britain For Tax Reasons’
Billionaire Sir Richard Branson has responded to criticism over Virgin’s handling of the coronavirus crisis. In an open letter to “the Virgin family” Branson thanks his 70,000 staff and addresses “comments” on his “net worth” and the need for government money to support the businesses they work for.
Since the start of the coronavirus pandemic Branson has faced scrutiny after an early decision to ask Virgin airline staff to take eight weeks’ unpaid leave.
The move was met with a barrage of criticism, Richard Fuller the Conservative MP for North East Bedfordshire since 2019 slammed Branson in Parliament, claiming that Branson should use his net worth to pay the unpaid leave and that it could be covered by the “interest on your wealth” claimed by Fuller at the time to be $3.8 billion, “for eight weeks.”
As Forbes pointed out at the time, Mr Fuller’s estimation of Branson’s net worth assumes the £3.8 billion is a cash asset that can gain interest sitting in a bank account. Branson’s net worth is compiled from a network of public and private investments. His current cash pile sits at £520 million ($600 million).
Rest - https://www.forbes.com/sites/daviddawkins/2020/04/20/billionaire-branson-asks-for-government-money-to-save-virgin-atlantic-claims-he-did-not-leave-britain-for-tax-reasons/