China isn’t our friend. They might be wall Street and politicians friends but not to we the people. But that is a diff issue. China didn’t warn the world about this virus and instead covered it up. They should pay for this. As citizens we shouldn’t worry about paying $100 more for a new iPhone especially not after this. We went from best economy ever to a recession thanks to them. We are taking on 4 trillion in debt cause of them. We should all want reparations against them
I agree that they aren’t our friend. And I agree that China was not forthright in the information on the virus. However, I don’t agree that they should pay our bills for this(not that we could force that anyways). The virus was going to spread and take our markets down no matter what imo. not to mention our own government was slow to act, even when it became obvious what was coming.
if you’re looking for ways for the American tax payer to get paid back, I think the way to go is to make the government a stake holder in the companies that accept $ from the American taxpayer. Then when they rebound, sell out of it and make some $$ to lower our debt for a change. Basically let the government do what Buffett did with BAC years ago...
Buffett’s savvy purchase of the troubled bank in the years following the financial crisis has proved hugely profitable.
www.fool.com
“Buffett's first investment in Bank of America came in the form of preferred stock. Still reeling from the fallout of the 2008 financial crisis and the missteps of its former management, Bank of America found itself as a defendant in a hefty $10 billion lawsuit and thus found itself in need of capital. Enter Buffett, who in 2011 offered the bank $5 billion in the form of
preferred stock, a type of security that's senior to the common equity but junior to a bond or note. Buffett's preferred shares yielded 6%, but even more important, they came with warrants to purchase 700,000 shares of Bank of America stock at a fixed price of $7.14 per share at any time over the following 10 years -- i.e., by 2021.”
