Mark Cuban, "spend it or lose it" idea.

[Brian37]

My friend most likely thinks Cuban is truly being altruistic, but if that were the case why wasn't he saying what billionaire Nick Hanauer was saying over a decade ago? Getting ahead of a problem is far more effective and cost efficient than waiting for something bad to happen then reacting. 

Nick was being bluntly honest about his wealth, not apologizing for it, but also thinking long term in that worker stability matters. I don't see Mark Cuban thinking like that while saying use it or loose it. While the bandaid is unfortunately needed now, it still doesn't change the long term structural problems that will still exist even after a vaccine is found. 

Point being we cant simply throw bandaids at everything everytime an economic disaster happens. 

For now, but then what? Mark is simply going to go right back to doing what he has always done, and most in his class will, after this virus is gone, and it won't stop the next one.

Humans need to think long term, instead of short term. It isn't good enough, simply to keep repeating short term band aids, even if needed now. 

It still remains that the stock market is widely fluctuating and sometimes even going up despite high unemployment, and illness bankrupting more and more regardless of what the stock market does. The stock market doing well sometimes only means investors are doing well, and most of them are already billionaires and millionaires. And that is unsustainable long term.

---

I wish I could remember the guy's name who was on MSNBCs KasieDC show. 

Long before this virus, this author was warning about "too big to fail" and giant companies constantly merging with other companies. Corporate farms are a prime example right now that this author brought up,  as to why big is not  always better. You have one company with a lopsided monopoly in that industry and it has to shut down, you have to work harder to find other sources. Tyson shutting down it's plant is a prime example. Because it is such a big company, that shutdown made meat harder to get and drives up prices for the meat that does make it to market. And farmers are stuck with excess livestock they now cant feed and have to put down. 

This pandemic is proving the need for anti monopoly laws. Breaking companies that get too big up, insures that if one fails, they don't all fail.

I recall you being pissed that Cuban was going to continue to pay his hourly employees even during the shutdown.

We have already established that you think he can't be a decent guy because he's wealthy.

Rave on.

Where was I slamming everyone in his class? I can think of other wealthy people, I would believe, like Nick Hanauer. who is are also in his tax bracket whom I do think get it.

Now even if I were to give Mark the benefit of the doubt, paying his employees during his shutdown, still doesn't address the long term picture. This virus wont last forever, and after it gets tackled or managable you are still left with pay inequity. I have yet to hear him talk about the long term picture and that matters. 

There most CERTAINLY ARE decent wealthy people in his class. I simply remain skeptical about him. 

Billionaire Nick Hanauer was sounding the alarm about what would happen if his class kept ignoring the expanding pay gap years ago.

It simply isn't enough to put a short term bandaid when long term solutions are needed.

40 years of the GOP gutting safety nets to fuel tax breaks the top doesn't need put America in the position of not being prepared for this.

Are all billionaires heartless machines? Of course not. But take the Walmart family for example, unlike Nick Hanauer, whom I do think cares. Walmart pays lip service to caring. My best friend works at a Walmart and he can tell you they are full of shit in their ads claiming they care. They claim they wont fire anyone for getting sick, but right to work laws really allow them to find a different excuse to fire you, and hide behind that lie. Big business for the most part love "right to work laws".

If the majority of billionaires thought like Nick Hanauer I would have far less skepticism about Cuban. Both of them are in the same class.

I am not playing class warfare here. That would be the GOP, not me. I don't begrudge someone for making it. I do question bad logic that doesn't get the results long term. 

It is necessary that Cuban has to do that now. But it didn't have to get to this point. 

If you want to argue the best "direct" impact, that would be livable wages and universal health care. But most businesses chase for cheap labor and try to find ways to ilimated labor which leads to more automation. His company's workers might be ok for now sure, but that doesn't address all workers of all industries. And I don't think he thinks about that long term. I think he only cares about his own business.

Nick, also a billionaire I think he does care, because he sounded the alarm long before any of this. Cuban is only commenting now, after the fact.

---

Now again, any wealthy person will tell you to save a portion of your money and bank it. So why is that good for him, but not good for those in the working and middle class during a crisis?

---

You want a wealthy person I would be far quicker to trust than Cuban? 

Here you go. 



Nick was criticizing his own billionaire class years ago. He doesn't hate wealthy people merely for being wealthy. Neither do I. But there are better ways to foster a stable society than always chasing after cheaper labor. Nick, A BILLIONAIRE, got that, and didn't have to wait until now to understand that. His argument back then is that not enough in his own class understood what he saw coming and we are witnessing what lack of forethought is now causing.