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No, it's not a conflict of interest. It's perhaps dumb, or morally bad, or several other things.
by danielmarkbruce 7mo ago
No, it's not a conflict of interest. It's perhaps dumb, or morally bad, or several other things.
- rayiner 7mo ago[flagged]
- leviathant 7mo agoYou're upsetting the kind of people who leave their shopping carts in the parking lot instead of putting them away when they're done.
- reskewed 7mo ago[dead]
- cj 7mo ago> dumb, or morally bad This is easy to say in hindsight. There was a non-zero chance the decision could have went the other way. Also, companies aren't stupid. They don't buy insurance against things that are impossible. And the supreme court doesn't hear cases that are 100% obviously illegal.
- danielmarkbruce 7mo agoIt was non-zero but close to zero. Companies don't want to deal with the headache for many things. It's not a given over what time horizon and how much work is involved to get the refund. It's totally sensible to sell the claim for 70 cents on the dollar for example. The supreme court absolutely hears cases that are obvious. They do it for several reasons - to create clarity, to narrow scope, to set a very clear precedent, and other reasons.
- rayiner 7mo agoIt wasn’t “close to zero.” The Supreme Court split 6-3, with two Trump appointees voting against him. And the Federal Circuit, which is the most boring appellate court and not political at all, split 7-4, with two democratic appointees and two republican appointees voting to uphold the tariffs. This was a case that split both the liberal and conservative blocs. Obama’s former SG, Neal Katyal, went up there and argued for limiting presidential power over the economy. One of the justices quipped about the irony of Katyal’s major contribution to jurisprudence being revitalization of non-delegation doctrine, which has always been a conservative focus.
- danielmarkbruce 7mo agoDid you read the ruling? Read Clarence Thomas's dissent. It's not clear if he actually thinks what he wrote, or he just voted that way so he could write a dissent and make a strange legal point which probably doesn't carry water but sort of maybe could one day maybe. If it were close, I think he would have voted the other way. The folks on the court appear extremely inclined to take the other side on things just as a mental exercise, or to be able to write something on the record that they find interesting. It was close to zero.
- rayiner 7mo ago[flagged]
- danielmarkbruce 7mo agoYes, I read them all. And, surely you understand that many see using the due process clause to make his argument was a stretch. Just saying "his analysis is extremely cogent" doesn't make it so.
- deleted 7mo ago[deleted]
- jcranmer 7mo ago> And the supreme court doesn't hear cases that are 100% obviously illegal. There is an argument in about two months' time as to whether or not the Birthright Citizenship clause of the 14th Amendment actually guarantees birthright citizenship in the US. There is no serious legal argument in favor of the interpretation being advanced by the Trump administration, that it does not. And yet here we are.
- PaulDavisThe1st 7mo agoThey weren't buying insurance. There's no insurance payout for the companies. They got a small amount of money in hand, and lost the chance to reclaim any of the tariff refund. That isn't insurance. Also, the SCOTUS is not a criminal court, it is a constitutional court. If a case is heard there, both sides have not agreed on "obvious illegality". That is unsuprising since in general one side (in this case, the administrative branch of the US Government) is being accused of illegal behavior - when it comes to constitutional rather than criminal questions, most parties do not just accept their guilt, but push as far as they can towards exoneration. Frequently, however to everybody else, the case concerns obvious illegality.
- gus_massa 7mo agoI agree, it's like "reverse insurance". I'm not sure what is the name. In insurance, you pay [-$10] to avoid a potencial negative risk [-$100]. Here you get money [+$10] instead of waiting for a potencial positive benefit [+$100]. Very slightly related https://en.wikipedia.org/wiki/Reverse_mortgage https://en.wikipedia.org/wiki/Reverse_mortgage
- tmtvl 7mo agoThe term you're looking for is 'instant gratification'.
- deleted 7mo ago[deleted]
- bumby 7mo agoI think the issue is that someone working in public office had influence to affect that probability, and their relatives stood to gain from it. I don’t know enough about the ethics laws to know if it was strictly illegal, but it does create a smell. Suppose a county engineer has influence on whether oil drilling will be allowed (they don’t make policy but consult those who do), and prior to approval their relatives buy up a lot of land in the area. That engineer may not have been the deciding factor, but it seems like it runs afoul of ethics laws/standards.