One of the weird little elements to the Sam Bankman-Fried debacle —and there are so many, and we journalists are quite grateful for them — has been the determined way the media has tried to make his political donations appear bi-partisan. “The FTX scandal is prompting lawmakers from both parties,” wrote Politico, “to symbolically give up campaign contributions from the crypto exchange’s top executives, underscoring the firm’s political toxicity in the aftermath of its collapse.” “[Sam] Bankman-Fried, 30, and his younger brother Gabriel donated lavishly to members of both political parties,” the New York Post noted. In fact, SBF was the seventh largest donor of the entire 2022 cycle, according…
Elected representatives making six-figure salaries are playing career-chicken with the American worker. That’s wrong to begin with. But the real problem with PayPal’s program is that it’s a salve for government negotiators, not the affected employees.