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May 16 2022 04:05am
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May 16 2022 06:07am
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May 16 2022 10:07am
https://www.cnn.com/2022/05/16/politics/supreme-court-campaign-funds-ted-cruz/index.html

Kagan's dissent is just brutally stupid. She's a supreme court justice, and she is making an argument that doesn't withstand basic logical scrutiny;

Quote
A candidate for public office extends a $500,000 loan to his campaign organization, hoping to recoup the amount from benefactors’ post-election contributions. Once elected, he devotes himself assiduously to recovering the money; his personal bank account, after all, now has a gaping half-million-dollar hole. The politician solicits donations from wealthy individuals and corporate lobbyists, making clear that the money they give will go straight from the campaign to him, as repayment for his loan. He is deeply grateful to those who help, as they know he will be—more grateful than for ordinary campaign contributions (which do not increase his personal wealth). And as they paid him, so he will pay them. In the coming months and years, they receive government benefits—maybe favorable legislation, maybe prized appointments, maybe lucrative contracts. The politician is happy; the donors are happy. The only loser is the public. It inevitably suffers from government corruption.


How the everloving fuck is it any different for a candidate to loan their campaign $500k, then solicit $500k in donations to offset it, then it is for a candidate to solicit $500k in political donations?
Explain that.

It makes zero sense at face value. If your argument is that money and politics inevitably results in corruption, then you must be against all forms of political campaign donation, not just one by post-election contributions. There are already laws to punish bribery or the taking of funds for personal use, but there's no difference when funds go from A->B->C than from A->C. The same logic as why it should have been illegal for Hillary Clinton to circumvent the maximum campaign donation limit by having political donors contribute the maximum to 33 state parties and then immediately redirect it to her national funds, a blatant straw donor scheme. But by that same token, there's no more corruption by having legal donations pre-campaign than post-campaign to offset debt.

I mean her entire argument is hinged on denying basic economics and the purpose of debt. She argues that "The money comes too late to aid in any of his campaign activities. All the money does is enrich the candidate personally at a time when he can return the favor". So any money my job pays me that goes to paying a mortgage is just personally enriching me and does nothing to aid in me owning a home. Likewise, it makes this completely arbitrary and nonsensical distinction between bribing a candidate prior to an election and after an election. What, are politicians supposed to have the intelligence of a goldfish? Do they stop remembering their patrons the moment they are elected? Someone who contributes $500k to a candidate on monday is not magically less important than someone who contributes $500k on wednesday. The newly elected politician isn't going to spurn his benefactors for getting on the bandwagon late.

There are all kinds of arguments to be made about political corruption and the corrosive influence of money in politics, but the only argument being made here is that Kagan is brainless
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May 16 2022 10:38am
Quote (Goomshill @ May 16 2022 11:07am)
https://www.cnn.com/2022/05/16/politics/supreme-court-campaign-funds-ted-cruz/index.html

Kagan's dissent is just brutally stupid. She's a supreme court justice, and she is making an argument that doesn't withstand basic logical scrutiny;
How the everloving fuck is it any different for a candidate to loan their campaign $500k, then solicit $500k in donations to offset it, then it is for a candidate to solicit $500k in political donations?
Explain that.


If you don't manage to get 500k back you are out 500k, so you will gladly take money even with strings attached to recoup your loss. You are now incentivized to be corrupt to recoup your personal wealth in a way that isn't present if you are simply soliciting donations.

Wow that wasn't hard. Almost like you're dishonest or something.

This post was edited by NetflixAdaptationWidow on May 16 2022 10:39am
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May 16 2022 01:08pm
^^ hilarious commentary from a user who openly admits he will never pay back his loans

in other news, biden says increasing govt revenue and spending in the form of additional taxes will “defeat inflation” :rofl:
https://mobile.twitter.com/JoeBiden/status/1525234935346483210
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May 16 2022 03:22pm
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May 16 2022 04:38pm
Quote (excellence @ May 16 2022 12:08pm)
^^ hilarious commentary from a user who openly admits he will never pay back his loans

in other news, biden says increasing govt revenue and spending in the form of additional taxes will “defeat inflation” :rofl:
https://mobile.twitter.com/JoeBiden/status/1525234935346483210


I mean, raising taxes WILL combat inflation. However, Biden is targeting the wrong people. We should be taxing the people who drive up demand the most so that they have less money.

Reducing the deficit will require tax increases because interest on the debt is going to be unsustainable. That's a separate topic of discussion though and Biden is conflating the two. He really needs to stop listening to socialists like Bernie and AOC.
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May 16 2022 04:51pm
Quote (thundercock @ May 16 2022 03:38pm)
I mean, raising taxes WILL combat inflation. However, Biden is targeting the wrong people. We should be taxing the people who drive up demand the most so that they have less money.

Reducing the deficit will require tax increases because interest on the debt is going to be unsustainable. That's a separate topic of discussion though and Biden is conflating the two. He really needs to stop listening to socialists like Bernie and AOC.


he is not a free agent, he is a WEF shill/bich

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May 16 2022 06:11pm
Quote (thundercock @ 17 May 2022 00:38)
I mean, raising taxes WILL combat inflation. However, Biden is targeting the wrong people. We should be taxing the people who drive up demand the most so that they have less money.

Intentionally strangling the economy and triggering a recession sounds like a bad idea. Combating inflation this way would be giga-foolish if you ask me. And a significant chunk of the current inflation is caused by soaring energy prices and supply chain issues, so there's not even a guarantee that you wouldn't thrust the economy into stagflation instead of achieving a "soft landing". The real answer to the current inflation is getting the industrial and gas/oil production back up. The excess money supply can be dealt with by a couple of FED interest hikes.

The truth about the current inflation, which is high all around the globe, is that the world is now paying the price for the covid lockdowns and restrictions. A ton of stuff wasn't produced, so now there's excess demand, which leads to inflation. Me and pretty much every opponent of the lockdown policies have been warning since March 2020 that this misguided course will cost all of us far more wealth than people imagine. :rolleyes:


Quote
Reducing the deficit will require tax increases because interest on the debt is going to be unsustainable.

And these types of tax increases will be politically unsustainable. People are already pissed because they see their purchasing power melt away like Biden's ice cones in the sun - slapping people with extra tax hikes in the current situation will get you president Trump 2.0, this time with 60+ seats in the Senate and 300+ House seats.

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May 16 2022 06:27pm
Quote (Black XistenZ @ 16 May 2022 20:11)
Intentionally strangling the economy and triggering a recession sounds like a bad idea. Combating inflation this way would be giga-foolish if you ask me. And a significant chunk of the current inflation is caused by soaring energy prices and supply chain issues, so there's not even a guarantee that you wouldn't thrust the economy into stagflation instead of achieving a "soft landing". The real answer to the current inflation is getting the industrial and gas/oil production back up. The excess money supply can be dealt with by a couple of FED interest hikes.

The truth about the current inflation, which is high all around the globe, is that the world is now paying the price for the covid lockdowns and restrictions. A ton of stuff wasn't produced, so now there's excess demand, which leads to inflation. Me and pretty much every opponent of the lockdown policies have been warning since March 2020 that this misguided course will cost all of us far more wealth than people imagine. :rolleyes:



And these types of tax increases will be politically unsustainable. People are already pissed because they see their purchasing power melt away like Biden's ice cones in the sun - slapping people with extra tax hikes in the current situation will get you president Trump 2.0, this time with 60+ seats in the Senate and 300+ House seats.

eh in India its lowish compared to the last 20 years, especially pre-2014, although it is trending in the wrong direction. China is immune to inflation due to the CCP-controlled ‘float’ on the yuan (kidding but only kinda)
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