My TOP Altcoin for Right Now Is...

Searching for the top investment opportunity in crypto? Look no further. Our $3 report gives you the full scoop. You'll get this exciting token's name, our recommended investment strategy, and growth projections. Time is of the essence with this one...

Musk offers voters $1 million to sign PAC petition backing the Constitution. Can that be legal?

MIKE CATALINI
October 20, 2024

Elon Musk, the billionaire founder of Tesla and Space X and owner of X who's gone all-in on Republican Donald Trump's candidacy for the White House, has already committed at least $70 million to help the former president. Now he's pledging to give away $1 million to voters for signing his political action committee's petition backing the Constitution.

The giveaway is raising questions and alarms among some election experts who say it is a violation of the law to link a cash handout to signing a petition that also requires a person to be registered to vote.

Democratic Gov. Josh Shapiro of Pennsylvania, the state's former attorney general, expressed concern about the plan on Sunday.

"I think there are real questions with how he is spending money in this race, how the dark money is flowing, not just into Pennsylvania, but apparently now into the pockets of Pennsylvanians. That is deeply concerning," he said on NBC' "Meet the Press."

A closer look at what's going on:

What is Musk doing?

Musk promised on Saturday that he would give away $1 million a day, until the Nov. 5 election, for people signing his PAC's petition supporting the First Amendment, which protects freedom of speech, and the Second Amendment, with its right "to keep and bear arms." He awarded a check during an event Saturday in Harrisburg, Pennsylvania, to a man identified as John Dreher. A message left with a number listed for Dreher was not returned Sunday.

What's the broader context here?

Musk's America PAC has launched a tour of Pennsylvania, a critical election battleground. He's aiming to register voters in support of Trump, whom Musk has endorsed. The PAC is also pushing to persuade voters in other key states. It's not the first offer of cash the organization has made. Musk has posted on X, the platform he purchased as Twitter before renaming it, that he would offer people $47 -- and then $100 -- for referring others to register and signing the petition.

What's the issue with that?

Some election law experts are raising red flags about the giveaway. Brendan Fischer, a campaign finance lawyer, said the latest iteration of Musk's giveaway approaches a legal boundary. That's because the PAC is requiring registration as a prerequisite to become eligible for the $1 million check. "There would be few doubts about the legality if every Pennsylvania-based petition signer were eligible, but conditioning the payments on registration arguably violates the law," Fischer said in an email.

Rick Hasen, a UCLA Law School political science professor, went further. He pointed to a law that prohibits paying people for registering to vote or for voting. "If all he was doing was paying people to sign the petition, that might be a waste of money. But there's nothing illegal about it," Hasen said in a telephone interview. "The problem is that the only people eligible to participate in this giveaway are the people who are registered to vote. And that makes it illegal."

Michael Kang, an election law professor at Northwestern University's Pritzker School of Law, said the context of the giveaway so close to Election Day makes it harder to make the case that the effort is anything but a incentivizing people to register to vote.

"It's not quite the same as paying someone to vote, but you're getting close enough that we worry about its legality," Kang said.

A message seeking comment was left with the PAC on Sunday, as was a request for comment from the Justice Department.

Can the PAC and Trump's campaign coordinate?

Typically coordination between campaigns and so-called super PACs had been forbidden. But a recent opinion by the Federal Election Commissioner, which regulates federal campaigns, permitted candidates and these groups to work together in certain cases, including getting out the vote efforts.

Continue Reading...

Popular

Average rate on a 30-year mortgage in the US rises to the highest level in 8 weeks

The average rate on a 30-year mortgage in the U.S. rose for the third week in a row, reaching its highest level in eight weeks.

Fox's Bret Baier acknowledges 'mistake' in Harris interview over airing of Trump clip

Fox News anchor Bret Baier says he “made a mistake” during his interview with Kamala Harris in not airing video of a Donald Trump comment, something Harris pointed out to him in real time.

U.S. Government Report Alert Tuesday - Ad

Every time the government releases jobs, inflation, GDP and other economic reports... Use the zero day loophole to target up to 253%... 327%... Even 383% overnight profits!

New Token Poised for Breakout as "Defi 2.0" Takes Off - Ad

Revealed: The #1 DeFi Coin Driving Financial Revolution. Experts hail this as the cornerstone of the new decentralized finance era. While Bitcoin dominates headlines, this governance token is quietly reshaping lending markets. Experts suggest accumulating before institutional money flows in.

Kamala Harris Blames Amber Thurman's Death On Georgia Abortion Law, Slams Trump For 'Cruel' Remarks

Vice President Kamala Harris on Saturday blamed Amber Thurman's death in Aug. 2022 on Georgia's abortion laws and accused former President Donald Trump of belittling her family's sorrow.

Major Banks Suffer Data Breaches: How Safe Is Your Information?

Three of the leading U.S. banks have reported significant data breaches, compromising the personal and account information of hundreds of their customers.

Meet The Companies That Could Be Behind Apple's "AiPhone" - Ad

"According to my research, these three tiny companies may be working behind the scenes to produce Apple's first ever AI-powered iPhone..." -- Luke Lango, Silicon Valley Insider

Fox News says none of its employees wrote jokes for Trump to tell at traditional campaign dinner

NEW YORK (AP) — Fox News Channel on Friday denied Donald Trump's assertion that any of its employees wrote jokes for him to deliver this week at a New York appearance.

Supreme Court allows a rule limiting pollution from coal-fired power plants to remain in effect

WASHINGTON (AP) — The on Wednesday allowed a Biden administration regulation aimed at limiting planet-warming pollution from coal-fired power plants to remain in place as legal challenges play out.

Oil Prices Surge Due to Israel-Iran Conflict - Ad

Time is not on our side. Heightened tension in the Middle East has created a huge supply shock to the global oil industry. But I've found a new way to invest in oil right here in the US. It's not a stock, bond, or private company. It's securely located right in the heartland. And you can get in for under $15.

Tim Cook Called To Complain About Billions In EU Fines Imposed On Apple, Says Trump: 'I'm Not Going To Let Them Take Advantage Of Our Companies'

Republican presidential candidate Donald Trump revealed that he spoke with Apple CEO Tim Cook, who expressed frustration over the EU's recent $17 billion in fines against the company, with Trump pledging to protect U.S. businesses from such penalties if re-elected.

The Mysterious VC Firm Behind Nvidia's Secret Weapon - Ad

In 1999, Sutter Hill Ventures made a bold bet on Nvidia before anyone had heard of it. Now, they're going all-in on Nvidia's hush-hush partner that's powering their new Blackwell chip. Discover the little-known company that's attracting massive investments from the visionaries behind Nvidia's 100,000% rise.

Turkey and Germany leaders meet in Istanbul and find many avenues of agreement. But not on Israel

ISTANBUL (AP) — Turkish President Recep Tayyip Erdogan met with German Chancellor Olaf Scholz on Saturday in Istanbul, where both leaders discussed bilateral concerns and opportunities for cooperation. But they couldn't agree on their respective stances toward Israel.

Former NATO Chief Predicts 'Shutdown Of Oil' Amid Israel-Iran Conflict

Former NATO Chief Admiral James Stavridis says the growing conflict between Israel and Iran may lead to a disruption in the oil supply from the Middle East.

Tesla Execs Are Freaking Out - Ad

You might not believe what you're about to see is real, but I assure you the video has been left unedited. It's so revolutionary that tech giants like Microsoft, Amazon, and NVIDIA are all lining up to get their hands on it. And Elon Musk has completely restructured Tesla to chase this opportunity.

Hundreds of Hedge Funds Are Fleeing This Stock - Ad

A strange force has seized control of Wall Street. Hedge funds are already moving their money... and preparing for even stranger days ahead. Over 320 hedge funds have quietly sold THIS famous stock -- to prepare for a dramatic market shift Get the strange truth from a 50-year Wall Street insider... including the name and ticker of the stock hedge funds are selling hand-over-first.

PPG will lay off 1,800 employees as paints and coatings maker aims to cut costs

NEW YORK (AP) — PPG Industries plans to lay off about 1,800 employees amid efforts to cut costs, with the paints and coatings maker also inking a deal to sell a sizeable chunk of its architectural business.

Top 2 Materials Stocks You May Want To Dump In October

Two stocks in the materials sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.

New "Living Missile" to Replace Nuclear Missiles - Ad

CBS News Reports: "It's an entirely new type of weapon." The New York Times Reports: "No existing defense can stop it." And one small company is building them for the Pentagon!

Poland tightens visa rules as probe confirms previous government's cash-for-visas scandal

WARSAW, Poland (AP) — Poland is tightening its visa regulations as probes into alleged have confirmed which cost the public purse millions of dollars, the foreign minister of this European Union country said Thursday.

Social Security's scheduled cost of living increase 'won't make a dent' for some retirees

WASHINGTON (AP) — Sherri Myers, an 82-year-old resident of Pensacola City, Florida, says the Social Security cost-of-living increase she'll receive in January “won't make a dent” in helping her meet her day-to-day expenses.

Exposed: Democrats' Secret Plan to Keep Trump Out of the White House - Ad

Former advisor to the CIA, the Pentagon and the White House Jim Rickards just released this shocking new video exposing Democrats' secret plan to keep Trump out of the White House... Even if he wins the election. See the details and learn how to prepare... Because this could trigger the biggest constitutional crisis in our nation's history.

Top 3 Consumer Stocks Which Could Rescue Your Portfolio This Quarter

The most oversold stocks in the consumer discretionary sector presents an opportunity to buy into undervalued companies.

Here's Why Bill Gates Drops To Historic Low On Forbes 400 List

Bill Gates has descended to his lowest position on the Forbes 400 list in almost a quarter of a century.

Early Nvidia, AMD, and Tesla Investor Shares New AI Picks - Ad

Jeff Brown, the tech expert who recommended Nvidia, AMD, and Tesla, is now releasing new AI stock picks. He believes they could deliver even bigger gains than before.

European Medicines Agency's Panel Supports Approval Of Novartis' Kisqali In Patients With Early-Breast Cancer

Novartis' Kisqali receives a positive recommendation from EMA's CHMP for adjuvant treatment of early breast cancer, showing a significant reduction in cancer recurrence in a Phase 3 trial. European Commission decision expected soon.

2024 -- The Real Election Year Surprise - Ad

In 2016, the October Election Surprise was Hillary Clinton's email scandal... In 2020, the October Election Surprise was the suppression of all the dirty material on Hunter Biden's "forgotten" laptop... Now, in 2024, we're forecasting an October Election Surprise that almost no one sees coming -- and this time it'll be way more devastating than anything you've seen before.

For migrant women who land in Colorado looking for jobs, a common answer emerges: No

AURORA, Colo. (AP) — East Colfax Avenue was the best place to find a job. That's what everyone told Sofia Roca.

Bigger Returns With Less Capital? The Multiplier Strategy Explained - Ad

Instead of paying thousands for an ounce of gold, why not multiply your returns by investing in the companies that mine it? As gold prices climb, their profit margins can skyrocket - and so can their stock price. The gold multiplier effect means bigger profits with lower investment. This young company, with prime land in one of America's richest gold districts, is ready to take full advantage of rising gold prices.

$26M Bet On Trump's Election Victory Fuels Speculation Of Coordinated Activity On Polymarket (UPDATED)

Single entity behind $26 million Trump bet on Polymarket, coordinated activity with similar deposit patterns, raises questions about manipulation.

Close call at Nashville airport came after planes were directed to same runway, probe shows

WASHINGTON (AP) — Investigators said Wednesday that air traffic controllers cleared an Alaska Airlines jet to take off from Nashville last month after telling pilots of a Southwest Airlines jet to cross the same runway.

Wall Street Slashes NVDA Holdings - Ad

The most successful hedge fund in history quietly sold 500,000 shares. Here's what that means for your money. Billionaire Wall Street investors are quietly offloading millions of shares. What do they know that you don't? It's arguably the most popular stock in the world. Now, one 50-year Wall Street legend says its day in the sun could finally be coming to an end. Last year, he warned of two stocks that went on to crash 60%.

A Tesla car crashes and catches fire in France, killing 4

PARIS (AP) — Four people have died in a car crash in France after their Tesla vehicle reportedly hit a road sign and caught fire, police said Monday.

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright systemtrading.ca
Privacy Policy | Terms of Service