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« Two Weeks Ago: The AP Runs a Hit Piece Suggesting That DeSantis Is Pushing a Cure for Covid as a Payoff to an Investor Now: Fauci Admits That Treatment Reduces Covid Deaths by... 85% | Main | China, Inc. Was Another Overhyped And Destructive Management Fad » August 27, 2021
Ethics Agency Might Claw Back Cuomo's $5 Million "Advance" For His "Book"Sorry to make liberal use of the Schizophrenic Quotation Marks. I use them a lot these days. I used to use them as a parody of how a schizophrenic who doubts the reality of most of what he sees and hears. And now I use them for realsies. Have I gone schizophrenic, or has the world simply gone mad? Anyway, as I've complained many times before, these "advances" given to leftwing figures are not advances at all. True advances are, well, advances against expected future royalties. That's why they're called "advances." People expect that a J.K. Rowling book will produce at least $5 million in royalties, so you give her a $5 million advance on those royalties. You're giving her a payment on her royalties in advance of actually seeing those sales. But you do expect them. You don't pay her fresh royalties until the royalties she generates exceeds the initial advance on royalties you paid her. When she makes $5 million and one hundred dollars, you send her a fresh check for one hundred dollars. When these major media conglomerates, all left-leaning and most with business before the government, give millions to Hillary Clinton and Hunter Biden and Andrew Cuomo, there is no one at that company that expects the books will ever make that much in royalties. They're just payoffs. Or disguised political donations. It's not an "advance" if you cannot show a plausible stream of sales which will meet or exceed that "advance." Personally, I'd love to see some kind of law on this subject to force these large media corporations to prove that they have a genuine, rational belief that a Hunter Biden book will make $10 million in sales (which would justify a million dollar advance, assuming a royalty of 10%). And I'd like to see their corporate officers sign certifications for the government that they're not fudging the numbers. And that they understand that their might be prosecutions for perjury if they do lie about expected future royalties. Much like people in the financial sector are constantly required to sign. Why should media corporations be immune from such requirements? And I'd love to see these disguised campaign donations treated and limited just like actual campaign donations. Or, better yet: No "advances" for serving politicians, declared politicians who are running, or any politician ten years after his term of service ends. They can just take their royalty checks as royalties actually accrue. If Hunter Biden really sells $10 million in books -- LOL -- then he'll get that million dollars eventually in royalty payments. They'll just come over the course of a year or two rather than all at once in an "advance" on future earnings. If not -- then not. This isn't stopping them from getting paid for books they sell -- it's to stop mega-media-corporations with business before the government, and a strong desire to pay off politicians they like, from giving "advances" to favored politicians that bear no relationship whatsoever to the actual expected royalties the books will generate. Anyway, on to the story: Groper Cuomo used public employees to write "his" "book," which makes the fruits of their labors the property of the taxpayers and not of Cuomo. Disgraced former Gov. Andrew Cuomo could be forced to return the royalties gained from his $5.1 million book deal if it’s determined that he violated New York law, the top official sitting on the state’s ethics agency told lawmakers in Albany on Wednesday. Yeah. Writing a dry politician propaganda book is so much fun people gladly give up their night-times and weekends to write someone else's book for him. Strange that no one not being paid by the state to serve Cuomo likewise volunteered to write the book! I think this is an example of the military's "voluntold:" The corporals were voluntold to creatively secure equipment from another unit. | Recent Comments
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FEMA OFFICIAL ORDERED EMERGENCY WORKERS TO AVOID HURRICANE-DAMAGED HOMES WITH TRUMP SIGNS UPDATE: DeSANTIS NOW INVESTIGATING The Trump Effect Is Real, And It's Spectacular! Will The Penny Manslaughter Trial Be The Last Gasp Of The Left's Stoking Racial Hatred? Mandate [Dave in Fla] No Big Deal, Just Large Packs of Young Arab Men Hunting Jews on the Streets of Amsterdam FBI Brass "Stunned" and "Shellshocked" By Trump Win Fake "Mainstream" Media's Four Year Long "Muh Democracy" Op Fails Spectacularly as a Majority of Voters Animated by "Saving Democracy" Voted for Trump A Funny Thing THE MORNING RANT: Post-Election Buck Shots Search
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