Joe Manchin’s Super-Secret Conflict of Interest

GURPS

INGSOC
PREMO Member
From The Young Turks website:

Sen. Joe Manchin (D-WV), the most prominent Democratic opponent of a $15 federal minimum wage, has a financial stake in at least one company that apparently would have to increase pay if such a measure passed, TYT has learned. . . .
Thanks to legal filings in a bankruptcy dispute, however, we do know some of the holdings of one company Manchin lists in his disclosure form. That company, AA Property, is reportedly 50 percent controlled by Manchin, and is an investor in Emerald Coast Realty, which owns a La Quinta hotel in Elkview, West Virginia.


How dare he.

To follow this to its logical conclusion, the implication is: Manchin resists a $15 minimum wage (which is likely stalled for now after the Senate parliamentarian ruled a broader COVID-relief package can’t pass on a simple majority if the provision remains) because a company he partly controls invests in another firm that owns a single hotel that would have to raise wages under the bill. The cost to Manchin would be so great that he’d rather be a party pariah (though pariah-ship has its benefits).

Or, just spit-balling here, the hotel would do what $15-wage opponents warn and slash staff/hours in order to offset the expense of the higher wage, and Manchin wouldn’t feel a thing.





wow the YT are really digging deep on that one
 

Hijinx

Well-Known Member
Well Pelosi had a piece of the Samalia fishing industry and they didn't get a raise when everyone else did, she also has a hotel with no union employees'
 
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