longpath

williamlondon said:

danox said:

foregoneconclusion said:

Globally, it looks like legislators think App Store commissions are the big bad wolf and crypto/AI are warm, fuzzy bunnies. Bizarre at best. 

They are running in interference for other one percenters this whole pantomime isn’t because they suddenly care about the little people….

I tend to view these sorts of legislative actions as reactionary and performative, not based in any reality whatsoever, just theatre for the stupid and ignorant.

You’re basically describing Blumenthal’s entire political career.

As a CT resident with decades of opposing Senator Blumenthal, I am hardly surprised this would have his fingerprints all over.

I see a lot of apologists for malum prohibitum and disregard for property rights. 

This is the kind of position I would expect of Bernie out of Vermont; but, politicians as a general rule are hardly known for their economic literacy. If they were, the US government wouldn’t have racked up almost $37 trillion in debt, more than half of it, relatively recently. Even in the rare, recent isolated cases of a balanced budget in a particular year, no significant accrue debt reduction has occurred in my adult life. the willingness of the current administration to basically backhand the Goodwill of folks who legitimately; But, erroneously believes the campaign promise of debt reduction has been a fascinating spectacle to watch. Despite that, I am not without empathy for people who made that mistake. It’s very easy to forget that the two major parties in the US basically only agree on a few things: spending lavishly, devaluing the currency, and blaming someone other than themselves when the people have trouble making ends meet.

I’ve yet to see how this law works without relying on a particularly perverse reading of the commerce clause & completely ignoring the takings clause.