51 49 with James Li
@5149jamesli·263K subscribers·674 videos
More Money Should Not Equal More Speech
Posted
October 21, 2020
Views
204
Likes
31
Engagement
15.20%
October 21, 2020
204
31
15.20%
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7:54Now PlayingGroups like the Federalist Society claim that while money isn’t technically speech, it does enable speech, so restricting spending of money for speech disables speech, paving the way for the landmark Citizen’s United vs. FEC case in 2010 whereby the Supreme Court ruled that corporations could spend unlimited sums of money on political campaigns.
In this week's 51/49 segment, James examines the corruptive influence money has on politics a decade after the historic Citizen's United ruling, and answers the question: if it costs money to engage in free speech, is speech really free?
According to OpenSecrets.com, we are in the midst of the most expensive election cycle in history, almost 11 billion dollars spent in 2020 compared with about half that amount in 2016, with about 3/4 of that coming from large individual donors, PACs or dark money sources.
In California, companies like Uber and Lyft are spending over $180 million to pass Proposition 22, which would define appbased transportation and delivery drivers as independent contractors. (51/49 segment about Proposition 22)
So in reality, if the amount of speech is tied to the amount of money, one has access to, people with more money are then going to be the only ones who are heard and the ones who end up getting to decide everything.
51/49 with James Li - Commentary on business, politics, and the other things (from an independent perspective)
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