Connect with us

Hi, what are you looking for?

Politics

How Charles Koch Fits Into the Death of Eviction Bans

A report from the Daily Poster revealed the Charles Koch Foundation has been funding a legal campaign to end the COVID-era eviction bans. At the same time, he’s been investing in real estate companies with a possible financial interest in resuming evictions.

What happened?

To break it down: the CDC created an eviction moratorium — a temporary ban on evictions — so people who couldn’t work during the pandemic wouldn’t get evicted. There’s been a legal battle in a series of federal courts to try and strike down these bans. Cases have been brought by three different legal groups, all of which have gotten money from the Charles Koch Foundation ($7.7 million, to be exact). At the same time, Koch Industries, which is best known for its investment in fossil fuels, has been buying up properties at reduced prices during the pandemic.

Who is Charles Koch?

Charles Koch (whose net worth is $47 billion) grew Koch Industries alongside his brother David and has been one of the most powerful people in American politics for decades. However, the Koch Brothers’ regular use of their fortune on political projects has landed them a controversial reputation from those who claim that the extremely wealthy have a disproportionate amount of influence over U.S. politics. 

The reaction

This move to end the ban on evictions has received criticism. It leaves millions of people facing eviction and raises questions about the effectiveness of the political system: A billionaire can legally use their wealth to change policies that exist to protect millions of the most vulnerable people in the country.

The eviction bans will end on June 30, 2021. Although several states and local governments have ordinances out to prevent evictions for a period of time, eviction could be around the corner for many people in America. 

10 hours ago
The Norwegian Women’s Beach Handball Team Was Fined for Wearing Shorts. - https://t.co/pmzHLb7nMz
11 hours ago
New Infrastructure Bill: Why the Crypto Community Is Not Happy - https://t.co/9IbXioPRYw
12 hours ago
ScarJo vs. Disney: Why This Lawsuit Is so Significant - https://t.co/iksIL5PMCe
13 hours ago
The Olympics aren't getting the viewership it's used to. But, thanks to social media platforms like TikTok, Instagram, and YouTube, fans can see highlights and behind the scenes of the games.
Are you watching the games? If so, how? https://t.co/VAUj4HFHkh
14 hours ago
Should A Vaccine Be Mandatory? Here’s the Deal - https://t.co/VT19PKaIjL

You May Also Like

Business

A new Starbucks location isn’t just a bat signal for coffee drinkers. It is also an indicator of growing real estate values in the...

Opinion

I am a Robinhood user. I downloaded it to enter the world of investing. Some of my friends from college recommended it because it...

Politics

It’s almost been a year since the statewide lockdowns began to spread across the country. Since then, qualified Americans only received one stimulus payment....

Business

Have you ever heard that Denmark is the happiest nation in the world? In this segment on happiness, we hear from our guest host...

Copyright © 2021 Bold TV. Bold TV is owned and operated by GenBiz Inc. a 501(c)(3) non-profit organization.