#political financing

[rodaportal]

🌐 Unlocking the secrets of global and European corruption! 🕵️‍♂️🔍

Join the conversation on corruption as we navigate the complexities of its influence worldwide, with a keen focus on Europe. 🌍 From the root causes to the far-reaching consequences, and the robust measures taken for reform – this video is an eye-opener! 👁️💡

Discover how corruption impacts economic development, political stability, and social justice. 🌐 Let's build a future that's transparent, accountable, and free from the clutches of corruption! 🤝💼 🎥

🔗 Watch now: https://youtu.be/o_QS9Es-Iqo

[davidson-eric]

The dollar collapse is happening NOW!"

The Storm is coming sooner than expected. All financial systems controlled by the corrupt government will collapse.

This crash will be felt on a global level, and many currencies, especially the USD, will be worthless.

Fiat accounts, savings and retirement accounts, mortgage, e.t.c will crash down and wipe off from the system once this event happens, Quantum Financial System is the savior.!!!

Convert every money in your possession to digital gold & silver backed coins and move them into the QFS ledger for safety . There will be a Global Reset. All banks and fiat exchanges will be closed, and there will be a lot of uncertainty & confusion. Cash will be worthless and outdated, and all bank accounts will be closed and crash to zero .

All cabal public banks will be confiscated, and foreclosures will be frozen, as will all public and private dept(mortgage,loans, credit, and debit cards).

[biggest-gaudiest-patronuses]

*tries to organize my thoughts*

*remembers i'm not in school and therefore beholden to neither heaven nor hell nor any man's grading system*

*joyously shredding & tossing all my carefully arranged 3x5 mental notecards into the air like so much beige confetti. raising my arms in victory, cheering raucously until i accidentally inhale bits of homemade confetti*

(*coughing up itty bits of paper like a cat evicting a hairball with a firm understanding of tenants' rights*) wait wat happens next

[capitalism-and-analytics]

[dontmean2bepoliticalbut]

[prettiestboytoy2]

Fucking hell, being an Economists from working class is so exhausting and disheartening.

Every fucking time i hear some "renowned professional" who didn't had to work a single day of his life, say "poors don't understand the economics!", i want to bite my nutsack off from frustration.

My brother in Christ, if "poors" were to "understand the economics" they would fucking kill you.

And what is even worse is that if you were to try to use 19th century levels of knowledge while teaching Medicine, Biology or Physics you would be laughed off. But if you try to do same thing with Economics or Finance you're "conservative" or "liberal/market" "economist" or shit like that.

And every fucking time you show them evidence that they are wrong, they will simply call you an communist and pretend they've won.

[dontmeantobepoliticalbut]

As of December 2023, the Federal Election Commission (FEC) has received 59 allegations that Donald Trump or his committees violated the Federal Election Campaign Act. In 29 of those cases, nonpartisan staff in the FEC’s Office of General Counsel (OGC) recommended the FEC investigate Trump. Yet not once has a Republican FEC commissioner voted to approve any such investigation or enforcement of the law against Trump.

Democratic Vice Chair Ellen Weintraub pointed this out in her December 5, 2023 statement of reasons after the FEC once again failed to garner the votes to enforce the law against Trump after he allegedly violated the law by illegally soliciting or directing money to a pro-Trump super PAC that spent millions on ads opposing Joe Biden in 2020.

Because at least four of the six FEC Commissioners need to approve any FEC investigation, and because only three of those seats can be filled by Democrats, Republicans hold a veto over the agency’s enforcement and have repeatedly used it to shoot down any recommended enforcement of campaign finance law against Trump—and thus successfully shielded him from accountability over and over. Instead of fostering bipartisanship, the split FEC has often become gridlocked and, in cases involving Trump, its ability to pursue action is constrained by the members of one party.

The FEC’s enabling statute, the Federal Election Campaign Act, specifically subjects the Commission’s non-enforcement to review to prevent it from blocking meritorious enforcement. In June 2018, however, two Republican-appointed judges of the D.C. Circuit—including now-Supreme Court Justice Brett Kavanaugh—largely gutted that rule, giving commissioners the authority to block enforcement of the law without judicial review if the commissioners claimed that they did so as an exercise of prosecutorial discretion or under Heckler v. Chaney.

So, in 21 of the 29 cases where the FEC received recommendations to enforce the law against Trump, Republican commissioners justified non-enforcement by invoking prudential or discretionary factors in attempts to circumvent review.

When dismissing the recommendations to investigate Trump—and to kill further inquiries into his actions—the Republican commissioners have at times claimed that the FEC should not take any action because “proceeding further would not be an appropriate use of Commission resources” or that the resources would be “best spent elsewhere.” Trump has even falsely declared that the FEC “dropped” one of its investigations into him “because they found no evidence of problems.” As Commissioner Weintraub wrote in a statement of reasons in November 2023, “the data is clear: At the FEC, Mr. Trump is in a category by himself.”

Unless courts restore their check on partisan vetoes on enforcement, the commissioners will continue to fail to enforce federal campaign finance law against the powerful figures they are trying to protect.

[some-triangles]

STUPID POLITICAL IDEAS I HAVE HAD #3

Total financial transparency.  Any purchase or transfer of over $1000 is logged and posted publicly as it happens, searchable by spender and recipient. We can carve out some exceptions (stuff that would be covered by HIPAA, etc) but most of it is just out there.  Find out what your coworkers are making, what your elected officials are spending their money on, where all that money is coming from, who’s buying crypto and who’s withdrawing interesting amounts of cash.  Make financial crime much, much easier to prosecute and tax avoidance more difficult. Make conspicuous consumption redundant.  As long as we’re stuck with the panopticon we might as well democratize it.

[weevil-mastermind]

I really wish there was a leftish movement in the U.S. willing to play the long game on campaign finance reform and Citizens United like how the right was willing to play the long game on Roe v Wade.

[kitausuret]

There's something interesting I've realized about the concept of a "living wage" in the US that has only really occurred to me since I got a better job that.. you know, pays a living wage. (Just for the sake of what I mean, I earn over $20 USD/hr, I work full time, and I live in Nebraska. My partner is the same as far as wages.)

This fall, my partner and I got our first house. It's 3 bedrooms, 2 bath, small but finished basement. It took a lot of negotiation and stress but with the help of an A+ realtor and loan expert, we got it. Yay!

Now, we were used to paying rent, but paying a mortgage was going to be almost double. This was fine, we could afford it. While we recover financially from some things we had to do (replace a deck, fix a cracked pipe, you know the usual) we have been a little more careful about our spending. Even with that though, we're still able to get groceries and eat at a restaurant once a week and buy holiday gifts for our friends and families. It might be a couple years until we can shell out for a little vacation, but that's okay.

My point here though is that... this is what it should be like for everyone. A two-income household should be able to get a decent little house and have a few fun luxuries and still have enough in savings if you need an emergency car or home repair or veterinarian bill or the like. A living wage needs to be more than just a roof over your head and food on your table. You should be able to invest in things that make you happy (like a nice bike or video game console) and things that make life easier (like a toaster oven or snowblower).

We both work desk jobs. It's stressful but we can work from home and that also saves money. But for everyone in every kind of job, or even if you can't work, you should still be able to live. And that's why it's important to support higher wages, better disability support, and universal basic income. Everyone deserves the opportunity to be happy and feel safe and secure.

So when you see local petitions out to raise the minimum wage, when you see workers striking for an income they can actually live on, and when you see measures that will help people on the ballot, remember that when you support them, things DO change for the better.

[vordemtodgefeit]

someone official on bbc news this morning saying that energy and gas bills ‘needed to increase or the companies getting them would go out of business’

no the fuck they wouldn’t???

extremely poor taste on his part to listen to a room full of vulnerable older people crying and saying they don’t know how they’re going to survive this winter, then come out and say ‘well the companies making record profits in the billions HAVE to charge you this much, there’s no other option.’

[davidson-eric]

Donald Trump, Glenn Beck and Tucker Carlson are trying to warn the American people of what's to come but unfortunately they are being silenced.

The dollar is crashing and so are the banks. In the past 2 months, America has experienced the 2nd, 3rd and 4th largest bank collapses in America history..... And it's only getting started.

Before leaving Fox, Tucker Carlson warned of the impending U.S . dollar collapse as the banking crisis. Your hard-earned wealth is at risk as financial institutions crumble and the value of the dollar plummet.

[robertreich]

How the Corporate Takeover of American Politics Began

The corporate takeover of American politics started with a man and a memo you've probably never heard of.

In 1971, the U.S. Chamber of Commerce asked Lewis Powell, a corporate attorney who would go on to become a Supreme Court justice, to draft a memo on the state of the country.

Powell’s memo argued that the American economic system was “under broad attack” from consumer, labor, and environmental groups.

In reality, these groups were doing nothing more than enforcing the implicit social contract that had emerged at the end of the Second World War. They wanted to ensure corporations were responsive to all their stakeholders — workers, consumers, and the environment — not just their shareholders.

But Powell and the Chamber saw it differently. In his memo, Powell urged businesses to mobilize for political combat, and stressed that the critical ingredients for success were joint organizing and funding.

The Chamber distributed the memo to leading CEOs, large businesses, and trade associations — hoping to persuade them that Big Business could dominate American politics in ways not seen since the Gilded Age.

It worked.

The Chamber’s call for a business crusade birthed a new corporate-political industry practically overnight. Tens of thousands of corporate lobbyists and political operatives descended on Washington and state capitals across the country.

I should know — I saw it happen with my own eyes.

In 1976, I worked at the Federal Trade Commission. Jimmy Carter had appointed consumer advocates to battle big corporations that for years had been deluding or injuring consumers.

Yet almost everything we initiated at the FTC was met by unexpectedly fierce political resistance from Congress. At one point, when we began examining advertising directed at children, Congress stopped funding the agency altogether, shutting it down for weeks.

I was dumbfounded. What had happened?

In three words, The Powell Memo.

Lobbyists and their allies in Congress, and eventually the Reagan administration, worked to defang agencies like the FTC — and to staff them with officials who would overlook corporate misbehavior.

Their influence led the FTC to stop seriously enforcing antitrust laws — among other things — allowing massive corporations to merge and concentrate their power even further.

Washington was transformed from a sleepy government town into a glittering center of corporate America — replete with elegant office buildings, fancy restaurants, and five-star hotels.

Meanwhile, Justice Lewis Powell used the Court to chip away at restrictions on corporate power in politics. His opinions in the 1970s and 80s laid the foundation for corporations to claim free speech rights in the form of financial contributions to political campaigns.

Put another way — without Lewis Powell, there would probably be no Citizens United — the case that threw out limits on corporate campaign spending as a violation of the “free speech” of corporations.

These actions have transformed our political system. Corporate money supports platoons of lawyers, often outgunning any state or federal attorneys who dare to stand in their way. Lobbying has become a $3.7 billion dollar industry.

Corporations regularly outspend labor unions and public interest groups during election years. And too many politicians in Washington represent the interests of corporations — not their constituents. As a result, corporate taxes have been cut, loopholes widened, and regulations gutted.

Corporate consolidation has also given companies unprecedented market power, allowing them to raise prices on everything from baby formula to gasoline. Their profits have jumped into the stratosphere — the highest in 70 years.

But despite the success of the Powell Memo, Big Business has not yet won. The people are beginning to fight back.

First, antitrust is making a comeback. Both at the Federal Trade Commission and the Justice Department we’re seeing a new willingness to take on corporate power.

Second, working people are standing up. Across the country workers are unionizing at a faster rate than we’ve seen in decades — including at some of the biggest corporations in the world — and they’re winning.

Third, campaign finance reform is within reach. Millions of Americans are intent on limiting corporate money in politics – and politicians are starting to listen.

All of these tell me that now is our best opportunity in decades to take on corporate power — at the ballot box, in the workplace, and in Washington.

Let’s get it done.

[capitalism-and-analytics]

IRS needs their fair share of that....crime money :P

[defleftist]

A little birthday gift for myself. A goal of mine for the year is to become more financially literate but how to do that when I resent the need for money? This book was recommended to me. Review incoming as soon as I finish it.