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Business, Economics, and Taxes: Capitalism. Yay? >=(

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St. Clown said:
How can a bill call out a specific company for action and withstand judicial scrutiny? Wouldn't that fail the test for a bill of attainder?
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Traditionally, you craft a bill with language which refers to general characteristics, the aggregation of which happens to apply to only one entity.

Famously, the first progressive income tax had a top marginal rate that applied only to John D. Rockefeller.
 
aparch said:
Those who support the ban on "foreign owned social media (*cough*TikTok*cough*)" bill are lining up to announce that they want a slice of the potential pie. Former Treasury Secretary Steven Mnuchin proudly boasted about wanting to purchase and control TikTok live on CNBC Thursday morning. Right wing YouTube knockoff Rumble has also boasted of wanting to purchase TikTok.


What's amazing is the amount of xenophobia those who support the bill have shown.
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This entire thing is all about the Republican party picking winners and losers in business, and using the law to steer a highly profitable social media mouthpiece to their conservative monied backers to use for their own nefarious ends.

It's what fascist or Communist states would do.
 
The thing is you have to be consistent about it. You can't can't say "Tik Tok is evil" but then say "Twitter is tots cool!". Either all of them are dangerous or none are.

And Clown while the bill is called a Tok Tok ban (which it isn't) it would apply to any that have the same issue if I read the analysis correctly.
 
Yeah it is an interesting choice, seems more like they are doing it as a warning shot to other companies that the DOJ is not going to let you get too big. Almost like a threat of what could come if they are in power next year. The US has been alarmingly lax in their Anti-Trust regulating (especially of Tech) since Microsoft and this might be a sign that is about to change.

Anti-Trust cases breed competition. Hell half of Apple's power right now (due to the IPjone) is in part because of the Ma Bell breakup. Time to get back to keeping the Big Boys in line.

(of course they are doing this also to deflect from their abject failures in other areas of criminal justice)
 
Deutsche Gopher Fan said:
If the DOJ did their job more often, perhaps a certain fortune 5 for profit heath services company wouldn’t be the mess it is
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Thank god Eric holder sued to prevent 3M and Avery from cornering the market on post its.


(and before anyone says anything, this isn't me being sour about that. It's me being sour that fucking post its were enough to sue to stop the merger but we can't keep health insurance, media, and defense companies from having oligopolies or monopolies.)
 
https:/www.threads.net/@drewharwell/post/C41Hpjird_a/?xmt=AQGzzqoYTPrKYEUW6pNLDeKHgermoQEk_E2MOg69EH2Q7w

Update: Trump Media's merger partner saw its shares plunge 13% today. Given Trump's stake, that's about a $457 million one-day loss. And it's paper money; Trump can't sell his shares unless he gets a lockup waiver, which is very rare and could tank the stock even further. I explain all here: https://www.washingtonpost.com/technology/2024/03/22/trump-mediamerger-vote/
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https://www.threads.net/@randall_m_...QGzzTKKS-P3y4gcb5-Iqo2v6fL6xBNjEJ54TTrC79dx2w

FTC finds the smoking gun behind higher food prices… big grocery companies got greedy.
“Large grocery retailers took advantage of supply chain disruptions to beat out smaller rivals and protect their profits during the pandemic… The report found that some large firms “accelerated and distorted” the effects of supply chain snarls… Food and beverage retailers… posted strong profits during the height of the pandemic and continue to do so today…”
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Deutsche Gopher Fan said:
If the DOJ did their job more often, perhaps a certain fortune 5 for profit heath services company wouldn’t be the mess it is
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Steward?


I never had an opinion on for-profit healthcare until I started working in non-profit healthcare, and now I can say with 100% certainty that for-profit healthcare is 180 degrees counter to providing actual healthcare and needs to be banned.
 
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