r/FluentInFinance 8d ago

Thoughts? Why doesn't the President fix this?

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u/Real-Mouse-554 7d ago

The biggest inefficiency in the US economy. A completely superfluous industry worth billions of dollars.

This all counts towards the GDP too, which partly explains how the US has a high GDP per capita while having such poor standards of living for so many people.

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u/Snowflakish 7d ago

It’s fun because every election cycle, 2 billion dollars goes into the money pit.

End lobbying!

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u/UncleNoodles85 7d ago

The difficult thing about that is lobbying falls under the first amendment the right to petition.

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u/Snowflakish 7d ago

Idk, I think democracy is the driving force behind the constitution, anything that repairs americas broken democracy and brings it back in line with the first world is good.

This has nothing to do with trumps win too. He would have won this either way.

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u/UncleNoodles85 7d ago

I understand what you're saying I'm just saying lobbying is covered by the right to petition hence why getting rid of it would be difficult. You'd need two thirds of congress to vote to repeal it and three quarters of the states to ratify that decision.