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jballs OP , to news in Musk plans to give $45 mln a month to new pro-Trump PAC, WSJ reports
@jballs@sh.itjust.works avatar

He’s planning on giving $180,000,000 before the election. That’s a lot of free speech.

Zerlyna , to news in Musk plans to give $45 mln a month to new pro-Trump PAC, WSJ reports
@Zerlyna@lemmy.world avatar

Imagine how many malnourished families that would feed.

pennomi ,

You could set up a hundred malnourished families with retirement for that amount.

mecfs ,

A hundred? Disability benefits in the US is 8k per year and it is “survivable”.

pennomi ,

Sure, I guess I was thinking “quite comfortable and sustainable.” Let’s say a million dollars at a 4% fixed interest rate, allowing $40k per year to live off of. That’s quite reasonable in some areas of the country.

mecfs ,

That feeling when 40k per year is 5 times what you get.

But in all seriousness I think that is a solid model.

SpaceNoodle ,

Per month.

henfredemars ,

Imagine how many malnourished families that will create!

Zerlyna ,
@Zerlyna@lemmy.world avatar

Very true!

Not_mikey , (edited ) to news in Musk plans to give $45 mln a month to new pro-Trump PAC, WSJ reports

I’d think he’d be worried about trump removing ev subsidies, as he said he would multiple times, but Tesla stock seems so untied to reality that even if sales plunged the stock might increase as more of his braindead supporters would buy it to own the libs.

joekar1990 ,

I don’t, in musk’s mind it’s probably buying a favor so Tesla is excluded from subsidies removal. They’d find another way to get Musk more federal funds by saying their only a tech company and working on AI or some shit like that.

glimse ,

(only commenting because it changes the meaning of your point)

I think you typoed “untied” and in your defense, my phone just autocorrected that to “United”

ThePantser , to news in Musk plans to give $45 mln a month to new pro-Trump PAC, WSJ reports
@ThePantser@lemmy.world avatar

deleted_by_moderator

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  • skuzz , to news in Musk plans to give $45 mln a month to new pro-Trump PAC, WSJ reports

    While campaign finance laws are dogshit these days, isn’t there some kind of upper limit on how much one can donate to a campaign?

    Reverendender ,

    That’s why he’s not donating to the campaign. He’s donating to a Maga PAC.

    oxjox ,
    @oxjox@lemmy.ml avatar

    There are limits to what an individual can donate to a campaign and a PAC. There are no limits to donating to a Super PAC.

    fec.gov/…/contribution-limits-nonconnected-pacs/
    fec.gov/…/contributions-to-super-pacs-and-hybrid-…

    en.wikipedia.org/wiki/Political_action_committee#…

    Super PACs are unlike traditional PACs in that they may raise unlimited amounts from individuals, corporations, unions, and other groups to spend on, for example, ads overtly advocating for or against political candidates. However, they are not allowed to either coordinate with or contribute directly to candidate campaigns or political parties.

    Upsidedownturtle ,

    One thing to note is pac money is less efficient than campaign money. Campaigns get the lowest rate for advertisements while pacs pay market rate. Super pacs technically can’t coordinate with campaigns so there isn’t a unified message, however the FEC is pretty toothless so any coordination would likely have to be very blatant for action to be taken. Their advertisements can also be overly biased by their ultra wealthy donors, ie something that musk cares about a lot may not have significant sway on the public which can cause said ad to be wasted.

    SirDerpy ,

    The answer is similar to the answer of, “Do large corporations pay taxes?”

    Technically, large corporations pay taxes and there’s limits to how much an individual donates to a political campaign.

    But, if the individual uses financial constructs such as SPACS and C-Corporations, they can effectively donate as much as they wish, and even do so covertly.

    It’s like most anything else: The rules are constructed for and enforced inversely proportional to fiscal class.

    Small groups can make a substantial difference by using these tools for “good”. A fantastic example of an idea that scaled beautifully is Proton, a C-corp, soon to be majority owned by a trust with zero liabilities, soon forever subordinate to the principle of privacy in digital services.

    EmpireInDecay , to worldnews in Biden administration to award nearly $1.1 billion to Stellantis, GM for EV production

    So more corporate welfare? To a non US company no less

    WanderingVentra , to worldnews in Iran open to resuming nuclear accord talks - acting foreign minister

    Oh great, just in time for Trump to be President again and completely ruin the deal again.

    vxx , to news in Musk plans to give $45 mln a month to new pro-Trump PAC, WSJ reports

    That’s a small price for getting Trumpists to boost Tesla stock price and become a couple billion richer.

    ZC3rr0r , to worldnews in Peru's convict ex-president Alberto Fujimori, 85, aims to run again

    Remember how we used to think people should retire in old age, instead of running a country? Pepperidge farm remembers.

    AllNewTypeFace , to worldnews in Peru's convict ex-president Alberto Fujimori, 85, aims to run again
    @AllNewTypeFace@leminal.space avatar

    Didn’t he move to Japan and attempt to set up a far-right party there?

    Kalkaline , to worldnews in Zelensky proposes legislation to strip medals away from Ukranian traitors.
    @Kalkaline@leminal.space avatar

    Good call

    Nollij , to worldnews in Biden administration to award nearly $1.1 billion to Stellantis, GM for EV production

    From the article:

    “…nearly $1.1 billion in grants to convert existing plants to build electric vehicles and components…”

    “…grants to help fund the conversion of 11 “at risk” plants in eight states to enable the production of 1 million EVs annually, help retain 15,000 existing jobs, and create 3,000 new positions…”

    These are grants to upgrade specific factories in the US.

    smnwcj , to news in Musk plans to give $45 mln a month to new pro-Trump PAC, WSJ reports

    He knows Trump will win, it's a safe bet to win some favor.

    MaggiWuerze , to news in European Parliament lawmakers call on EU to strip Hungary of voting rights over PM Viktor Orban's recent visits to Moscow and Beijing
    @MaggiWuerze@feddit.org avatar

    Dafür gabs vorher schon gute Gründe. Dass er sich jetzt den Autokraten dieser Welt anbiedert und dafür die Auorität Ungrans Ratspräsidentschaft ausnutzen will ist doch nur die letzte in einer Reihe EU-feindlichen Handlungen.

    Am Ende müssen wir mit der EU einfach weg vom Einstimmigkeitsprinzip, damit man auch Länder wie Ungarn bestrafen kann für solches Verhalten.

    AllNewTypeFace , to news in 'Garbage time': China’s slump spins out new meme of economic despair on the country's social media
    @AllNewTypeFace@leminal.space avatar

    I’m trashmaxxin, I’m in my garbage era

    Sammy ,
    @Sammy@lemmy.dbzer0.com avatar

    I’m moisturized. I’m in my lane, in their lane, accelerating up and over the off-ramp.

    And I’m everyone’s problem now :3

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