The Contractual Impossibility of Unwinding Disney’s Reedy Creek

Post by no-dr-onboard » Fri, Apr 29, 2022, 4:53 PM UTC

lisper wrote: post #22

I think everyone is getting this wrong. This is all posturing. The Florida legislature knows perfectly well that it can never unwind Reedy Creek. But if they can make a good show of trying , then that will earn points with their base, and when the courts shut them down they can blame "activist liberal judges" for their failure, despite the fact that it was a foregone conclusion. But the perception will be that they t…

Post by [deleted] » Fri, Apr 29, 2022, 4:55 PM UTC

hermannj314 wrote: post #4

It would be a shame if current legislators could restrict future legislators by adding infinite year bonds to all new laws with promises the law will never change as long as that bond exists. If this principal of preserving bond contracts prohibits legistivative action or could even have a chilling effect on it, perhaps the real issue is that government debt generally is a risk to our democracy. Perhaps congresses sh…

Post by zie » Fri, Apr 29, 2022, 4:55 PM UTC

jrmg wrote: post #31

BryantD wrote: post #25

Earlier quoted context omitted.

And just to make sure this is clear: they aren't making donations to anyone in Florida, Republicans or Democrats alike. The Republican response to this was to punish Disney. We can't know what the Democratic response would have been since Democrats aren't in charge of anything in Florida. "Keep donating or we'll punish you" is an interesting stance.

”Keep donating or we'll punish you" is an interesting stance. It can’t be legal, surely?

Post by LordDragonfang » Fri, Apr 29, 2022, 4:57 PM UTC

kcplate wrote: post #50

lisper wrote: post #22

I think everyone is getting this wrong. This is all posturing. The Florida legislature knows perfectly well that it can never unwind Reedy Creek. But if they can make a good show of trying , then that will earn points with their base, and when the courts shut them down they can blame "activist liberal judges" for their failure, despite the fact that it was a foregone conclusion. But the perception will be that they t…

> All of the liberals celebrating Disney's imminent "victory" are completely missing this bigger picture. The optics of this…and things like the Musk/Twitter hand wringing serves a single purpose: It’s forcing the Democratic Party to start making 180 degree public shifts of some of their classic positions on things like large corporate sweetheart deals and limits on free speech/censorship. Right now, the progressive…

Post by pram » Fri, Apr 29, 2022, 4:58 PM UTC

hermannj314 wrote: post #4

It would be a shame if current legislators could restrict future legislators by adding infinite year bonds to all new laws with promises the law will never change as long as that bond exists. If this principal of preserving bond contracts prohibits legistivative action or could even have a chilling effect on it, perhaps the real issue is that government debt generally is a risk to our democracy. Perhaps congresses sh…