Tweet: "I don't really understand the cruise industry nexus to the US economy."

[mahatmakanejeeves]

TrillionDollarCoinHat Retweeted

I don't really understand the cruise industry nexus to the US economy. It's not just that the ships are foreign-flagged. The networks are global. The staff is global. The customers are global. So what if the executive offices are here?

Link to tweet

[Jarqui]

1. People who own cruise liners give dough to Trump or his campaign

whether they're American or not

[Magoo48]

2. They are an environmental horror show; let them sink.

[Laura PourMeADrink]

3. They do have economic impact on our port cities. I do

get the feeling after listening to trump though, that he reacts to things some time based on pure fairy tale, emotional thinking only. Like, in his mind, Americans going on cruises is very American.

[patricia92243]

4. Anybody that is crazy enough to take a cruise at this time, deserve

what they get.

[Varaddem]

5. I think CPAC should go on a two week cruise right now

[Hoyt]

6. I think they sunk their chances flying under foreign flags; however, as poster above says they pay

port fees and Customs fees. Of course, tourists pay taxes when they go ashore.

It's really hard to get good info, but here is an article from 2000, I'm sure the amounts are much more now.

"Then there are federal taxes. A 1999 congressional study found the maritime industry pays 124 levies to 11 federal agencies, worth $22 billion annually. When they make port, every cruise ship pays tonnage taxes, agricultural inspection fees, commercial vessel fees, channel maintenance fees, international departure taxes and passenger-processing fees.

"Each ship pays a $1,000 to $2,000 annual fee to the Bureau of Alcohol, Tobacco and Firearms for its federal license to serve alcohol. Add another $6,450 to $8,600 per ship twice a year for sanitation inspections by the U.S. Public Health Service.

"Most of those taxes are simply buried in the profit-and-loss statement as an expense, rather than being singled out near the bottom line, as income taxes are. Cruise lines also argue that they generate large amounts of tax indirectly, through employment and purchasing. Carnival Cruise Lines booked 40,000 hotel rooms last year in Miami-Dade County alone, said spokesman Tim Gallagher.

"As a group, cruise lines are the largest purchaser in Miami-Dade of hotel rooms, attraction passes and airline tickets, Gallagher contended. "We are the single largest generator of tourist taxes," he said."

https://www.sun-sentinel.com/news/fl-xpm-2000-04-02-0003311265-story.html



Again, I'm not for help to this industry, and I wouldn't get on one of these infection incubators if they paid me. But the industry does help employ a lot of people, and a lot of people seem to enjoy cruises. I'd rather drive through, and hike in, the mountains, but . . . . .

[Ferryboat]

7. They operate under a foreign flag!

This allows them to avoid usa labor laws. Corporate profits are taxed offshore.

Any corporations that avoid paying taxes by going offshore shouldn't receive federal money for the bailout.

[at140]

8. Owners of cruise lines are largely Americans?

Cruise industry took off sailing from US ports to Caribbean in the 1960's.
But you are right, most workers and staff on cruise ships are not Americans.