Robinhood, RAGA, Bribes, Separation between Church and State
Both Republicans and Democrats are completely addicted to corporate PAC money. Lawmakers say companies’ suspension of campaign donations puts business priorities at risk. Corporate halt of campaign cash triggers backlash, could threaten business priorities in Congress. Everyone quoted in this story implicitly admits they need bribes to do their jobs.
https://www.wsj.com/articles/pause-in-corporate-pac-spending-triggers-political-pushback-11612175400
Billionaires pay the nation’s lowest effective tax rate. In Washington state, poor people pay 18% of income on taxes. The rich pay 3%. A 1% billionaire wealth tax would single-handedly solve WA’s $3.3B shortfall & keep taxes flat for 99.999% of residents.
The photos and Facebook post put Tuberville, Donald Trump Jr., Peter Navarro, Rudy Giuliani and others at the Trump hotel on Jan. 5.
Separation between Church and State
#DeleteRobinhood and replace Robinhood:
1) @SoFi*
2) @CashApp
3) @public
The battle between Amazon and the retail workers union heats up in Alabama ahead of a key vote.
https://www.bloomberg.com/news/articles/2021-02-01/will-amazon-unionize-anti-union-campaign-underway-at-bessemer-alabama-p
“Google is actively removing negative reviews of the Robinhood app from the Google Play Store, the company confirmed to The Verge. After some disgruntled Robinhood users organized campaigns to give the app a one-star review on Google’s Play Store and Apple’s App Store — and succeeded in review-bombing it all the way down to a one-star rating — the company has now deleted enough reviews to bring it back up to nearly four stars.”
Robinhood raises another $2.4 billion from investors
https://www.reuters.com/article/us-robinhood-funding-idUSKBN2A133R
Democratic presidents keep having to save the US economy after Republican presidents run it into the ground
https://www.businessinsider.com/gop-presidents-us-economy-recession-democrat-presidents-save-it-2021-1
How to work with Google See # 8 Google Transparency
A Major Trump Forum Scrubs Its Archives of Thousands of Pre-Riot Posts. “In the days ahead of the January 6 Capitol riot, there were warnings, but no guarantee that the day would turn violent. But users of TheDonald.win, a major online pro-Trump forum, were preparing for a fight, posting maps of the Capitol and swapping messages about being ready to die. In the wake of the carnage, law enforcement identified TheDonald.win as a key planning platform for the insurrectionists. And on Inauguration Day, the forum established a new domain, rebranding as Patriots.win. Alongside that transition, thousands of posts from lead up to the riot have disappeared from the site as though they were never there.”
https://www.motherjones.com/politics/2021/01/thedonald-win-deleted-posts/
@chamath socialcapital.com — In moments of uncertainty, when courage and strength are required, you find out who the true corporatist scumbags are.
This is how you entrench inequality:
We let the poor “invest” in lottery tickets, sports gambling and casinos but not startups.The first three are perennial losers. Startups have returned 15% over the past 50 years.
There was a bill introduced in 2018 to tax high frequency trading firms 10 basis points for rapid trading.
It was forecasted to generate $777B over the next ten years.
The bill was killed.
Guggenheim’s proposed SEC filing to buy $500 million in #Bitcoin via GBTC has officially just become effective https://sec.report/Document/0001628280-20-016852/#s65AABB22DA0B5D58B396AB32D9E161B7
So $3.9 BILLION dollars raised in the last 3 trading days, and they still don’t have enough capital to let us buy whatever we want to buy.
#GME #DeleteRobinhood #PrisonNotFines #amc #gme #wallstreetbets #RobinHood
There are only two priorities: Inequality + Climate Change
Robinhood Ignites Widespread Bipartisan Fury — But the Media Got the Story Wrong
https://tradesmithdaily.com/news/robinhood-ignites-widespread-bipartisan-fury-but-the-media-got-the-story-wrong/
Robinhood was afraid the GameStop situation would destroy not just the hedge fund shorts, but Robinhood itself. That is why Robinhood restricted trading, and that is why Robinhood built a billion-dollar firewall of added capital buffer before allowing GME buys to resume.
If the infinity squeeze had unfolded — and it was oh, so close — various Wall Street entities, including not just hedge funds but brokers and banks, could have been forced to eat more than $60 billion in losses.
That is worth emphasizing again: Sixty. Billion. Dollars.
RAGA the revelation of a January 5 robocall urging people to attend the Capitol rally.That call by the Rule of Law Defense Fund (RLDF) — a RAGA subsidiary.
Emails reveal secret ‘war games’ meeting and other Pro-Trump shenanigans by Republican Attorneys General
https://www.rawstory.com/attorney-generals-under-trump/
RAGA has already been ensnared in scandal with the revelation of a January 5 robocall urging people to attend the Capitol rally that resulted in the violent insurrection the next day. That call by the Rule of Law Defense Fund (RLDF) — a RAGA subsidiary — prompted the January 11 resignation of Adam Piper, RAGA’s executive director.