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How did Michael Jackson die poor with so much debt?

This answer may contain sensitive images. Click on an image to unblur it.The easy answer is that he spent more than he earned. What he spent it on and how much he spent tells you about the man, some of his motivations and desires.(Michael Jackson portrait by artist Guy Peellaert for the book Rock Dreams.)He made a total of $175 million on Thriller. At the height of his fame in 1988, he earned $125 million. His lawyer John Branca negotiated for him to buy the Beatles catalog for $48 million. It generated $11–$18 million a year life time income. His living expenses were three times that much. Michael bought Neverland for around $19 million. He put in excess of $55 million, building the amusement park, zoo, movie theater. He peppered the grounds with millions of dollars worth of commissioned bronze statues. It cost a minimum of $5 million a year to maintain. It had a salaried full time staff, up to 150 people. The interior was littered with literally hundreds of millions of dollars worth of marble statues, gold candelabras, gilded pianos, antique toys, mannequins, commissioned portraits, arcade games and grandiose clutter.He was never poor . He died asset rich with debt and cash flow problems, but not poor. His family was considered working class in Gary, In. Michael was living in Hollywood and receiving $25,000 a month royalty checks by age 10.Michael had several estates besides Neverland, the Jackson family compound Hayvenhurst worth $4.2 million, a luxury condo in a gated millionaire enclave in CA, a three story condo in Encino CA, a mansion in Hollywood Hills, CA.He had an extensive art collection insured for $600 million, and antiques collections.In 1990 Michael signed a $50 million contract with Sony.He flew in private chartered luxury planes that were tricked out like palaces in the sky at an average cost of $198,000. per ride.His possessions fill 9 warehouses in Los Angeles and it cost $1,485,000.00 a year to store and keep an archivist.Michael spent months at a time in the most luxurious hotels in the world. He would rent an entire floor (or two) of suites for $9,000. -$17,000. per suite per night. To put that in perspective that’s a $63,000- $119,000 per week hotel bill.Michael actually held the record for highest rent paid in NYC after he rented an upper east side townhouse for $75,000. a month while working on The Wiz. This is in the late 1970's when the average rent was $105.00 a month.Between 1998–2000 Michael borrowed $200 million from Bank Of America to cover lifestyle expenses. He used his Sony/ATV ( Beatles) catalog as collateral.Michael borrowed $25 million at high interest for living expenses, using his own company MiJac as collateral . The interest totaled $67 million.(Inside Michael’s favorite limo, a 24k gold clad 1999 Rolls Royce Silver Seraph.)Michael was a profligate spender. Example: he bought 3 bottles of a perfume called Gianni Vive Sulman Parfum VI at a cost of $89,000.00 PER BOTTLE. He paid $1.5 million for the Gone With The Wind Academy Award statue, $659,000 for a ferris wheel, $978,000 for a custom made carousel, a $2 million Vacheron King kulla diamond watch.He had 75 cars registered in his name. He commissioned a $1 million replica of a 1909 Detamble Model B Roadster. He owned at least 6 Rolls Royces. His favorite Rolls Royce was a 1988 $350,000 Phantom which is now in a storage warehouse in Los Angeles. He owned a 1997 Neoplan bus with an 18K gold bathroom and hand embroidered crown on the plush carpet. Price $2.7 million. A 1999 Silver Seraph Rolls Royce Limo clad in 24K gold, antiques ,cut crystal, bar, video game consoles. In 2001 when he was living on loans he bought a $98,000 Bentley Arnage.He earned $125 million on the Bad tour. After tour expenses and taxes etc , his profit / income was $40 million. Pepsi paid $15 million worth of tour expenses.Court documents filed in LA superior court Sept 1999 for his divorce from Debbie Rowe show his financial disclosure for BASIC cost of living at Neverland ( excluding other residences, dependents and non essential personal expenses) the time averaged an astonishing $2,339,300 PER MONTH (yes you read that right, two million, three hundred thirty nine thousand and 300 dollars A MONTH).The breakdown follows:$95,700 a month on gardening (Neverland)Security, 52,900 per month.Upkeep on zoo and Amusement park, $66,200 per month.Housekeeping and PR expenses $60,000 per month.Legal fees $178,100 per month.$120,000 personal and property insurance per month.$25,600 monthly medical needs.$42,000 gifts.$85,500 monthly transportation.$475,300 monthly costs for MJJ productions, Optimum productions.(Gold sequined duvet costing $50,000. Sits beneath a $500,000 commissioned portrait of Michael in the last supper with Elvis, Walt Disney, Abe Lincoln, Albert Einstein, Thomas Edison as apostles.)Michael paid $63 million to make the short film Ghost.Michael owned and paid expenses for the Jackson family compound in Encino, CA since the 1980’s, where his mother lived. He initially bought the mansion from his father for $2 million after Joe purchased it in 1971. Michael had it bulldozed to the ground and an even BIGGER mansion completely rebuilt to his taste as the new Jackson family compound, with a Snow White Diorama, candy store, ponds, swimming pool, water park, statuary, fountains, recording studio, mini zoo. The SECOND mortgage went into arrears around 2006(Jackson family home, Encino, CA.)Divorce settlement to Debbie Rowe, $10 million lump sum plus a $2 million house (Washington post 2005).10 Carat diamond and platinum custom Engagement ring for Lisa Marie Presley, 470,000.He paid Disneyland Paris $2 million per day to close down so he could have it to himself.You get the idea right?Michael's earning potential dwindled after the 1993 child molestation allegation. Product endorsements disappeared. His clothing line cancelled. Record sales never did as well as off the Wall, Thriller or Bad.He had not been on tour since 1997. His tours were wildly expensive and enormous productions. Besides the usual tour expenses an artist is responsible for there were millions of dollars in special effects and personal luxuries, which the producers would not approve but Michael wanted, coming out of his pocket. He could only perform three times a week due to the exertion but paid dancers $550,000 a week out of his pocket for their full time employement.In the nineties legal and personal troubles caused him to become deeply distrustful of everyone. He disbanded his original business team and advisors, most of whom were advising him well, and replaced them with a rotating carousel of sycophants, yes men, enablers, parasites, questionable characters. He also blamed everyone from longtime trusted manager Frank DeLeo to Quincy Jones for Bad not outselling Thriller and fired them all.His expenditures remained as outlandish as ever but there was now no one to execute lucrative ideas or see profitable, or even charitable, projects to completion. He overspent, even for a multimillionare and there was no one to tell him no. Anyone who tried was promptly gotten rid of. He began to rely heavily on high interest loans and advances to fund his lifestyle.Many of these new advisers were kept incommunicado with each other or actually competing with each other, which resulted in contradictory advice. They knew they were considered disposable and there was no loyalty on either side. There was only greed on their part and favoritism on Michael's part, which creates unfavorable outcomes.His income was enormous and stable and had not dipped below $13 million a year since 1979. Lawsuits were expensive, but not as draining as his lifestyle.His finances were collapsing due to chaotic handling and whimsical overspending.Sales of INVINCIBLE were "disappointing" in 2001 and despite the SONY /Tommy Motolla / Michael Jackson blame fest, claims to have sold 10 million albums. His earnings that year were $34 million but that money, taken as advances and loans, had already been spent on his lifestyle before it was in his hands.Sony spent $40 million on producing and marketing Invincible in a time when the average cost for making an album was $ 1 million. Jackson claimed racism when Sony would spend no more .He borrowed millions using his half of the ATV catalogue as collateral, putting himself in conflict with his SONY ATV business partner. The 22% interest on that debt was unaffordable even for Jackson but he believed Invincible would be a mega hit and he would recoup.Michael lived in an abundant amount of luxury even for a multimillionaire. One of his homes in Las Vegas had, among other amenities, a full size medieval chapel. He wore custom made sterling silver boots to a white house visit. His bed quilt was covered in hand sewn gold sequins and cost $50,000. He spent $700,000 on 4 Sworovski dining room chairs. He paid close to $10 million for a 17th century oak floor from a French Chateau to be brought to Neverland. The grandiose clutter was astounding.(Private Chapel in Vegas home.)Michael earned $16 million making Captain Eo. He spent it on a Rolls Royce, Mercedes Benz, hotel suites, toys.In 1994, despite earning well over $118 million Michael arranged a $300 million pay out from SONY in exchange for a percentage of the Beatles catalogue (known as the Sony /Atv merger), to pay debts and fund his lifestyle. Michael sold a piece of his most valuable asset to a corporate entity he was antagonistic to, and in future would accuse of trying to kill him . Michael became a part of the SONY music publishing division but SONY NOW OWNED A PIECE OF THE CATALOG and this merger became a constant issue full of paranoia, accusations, lawsuits.Michael, along with a consortium of investors, bought a 50% share of EMI MUSIC publishing catalog. His cost is unknown however his estate just sold it to SONY for $358 million. Some of the catalog songs were Michael’s own.The Dangerous tour and album earned Michael close to $100 million. The tour was cut short due to Michael’s opioid addiction. Liz Taylor, dripping in diamonds and with cameras rolling, took Michael to London where she handed him off to Elton John, who was the person who REALLY took him to rehab. Michael stayed one week at the $27,000 per day facility before he called his manager to check him out. Thus began, by not completing rehab, drug problems on and off for the remainder of his life.The tour production company sued him for breach of contract (because he did not finish the Dangerous tour). Undisclosed multimillions. After paying his usual zillions in tour and personal expenses, lawyers, settlement, taxes, and his own salary, he donated the remaining to charity.Interestingly, it went to his own charity organization Heal The World. Michael technically “donated tour profits to charity” according to his management . He then sold the broadcast rights to his Dangerous tour to HBO for $24 million recouping his donation to Heal The WorldMichael grossed $60 million on the History tour, before taxes, expenses, salaries and AGAIN technically “donated tour profits” . It was incorrectly broadcast by media as the entire $60 million. But why correct that mistake if it makes you look Good ?He donated his $1.2 million Superbowl earnings to charity then sold the superbowl performance footage to a Network media company , recouping some of the donation.He donated $5 million from the Victory tour to charity. Each of the brothers,including Michael, earned $6 million apiece for the tour.Michael donated a settlement from Pepsi for $1.5 million to a Los Angeles hospital.He Did NOT donate the entire $70 million We are the World profits to charity. He paid (millions in) production costs out of the anticipated profits, then donated a percentage of HIS royalties, which were shared with Quincy Jones and Lionel Richie.His Heal the World foundation, which existed for 4 years, donated and recruited donations to 39 childrens charities before it dissolved in administrative chaos. Michael insisted on being CEO, but had no experience as a nonprofit foundation executive. The millions it had cost to set up and run the corp were wasted.He DID give millions to charity but his Guinness record is “giving to the most charities” (39) . That makes him a generous, philanthropic-minded person who donated millions, but the myth of MJ personally donating $300 - $500 million of his own money does not add up.It's a myth that the Chandler settlement cost him $23 million. His insurance company Lloyds of London paid the settlement.He borrowed heavily against Neverland beginning in the nineties, partly to pay the expenses for living at Neverland.(Michael in his closet with lots of stuff.)After a second child molestation charge in 2003 and subsequent multimillion dollar trial, that was one of the costliest trials in California history, he stopped paying many expenses including on Neverland.In 2005 MJ abandoned it, millions of dollars in contents, the zoo animals, the amusement park. His income that year according to Forbes magazine was $23 million.He moved to Bahrain, bought a $1.2 million mansion, lived in it less than 10 months, then abandoned it. He was sued by a member of the Bahrain royal family for breach of contract. $5 million. More lawsuits began from unpaid employees, breach of contract suits, business partners, psychos, and users.In 2008 a Beverly Hills pharmacist, Mickey Fine, filed a lien against Jackson for not paying his prescription bills, a total of $101,926.66 .A $2.4 million settlement was made to a former maid who sued Michael for molesting her son. I’m NOT claiming he did it, I am stating he was sued and settled.Obviously by the late nineties, early 2000’s the downward spiral was picking up speed.(A few of the antiques and commissioned portraits from Neverland.)Neverland was going into foreclosure by April 2008, but that action was stopped by an agreement with an investment bank, Colony Capital. Colony was willing to take over the costs, while allowing Michael to keep 87% percentage of ownership. Michael had to sign over the deed to Neverland. Don't feel too bad. If your house was in foreclosure, no bank would offer that deal to you.Colony Capital paid off the foreclosing bank for $23 million. Michael had bought Neverland in cash but had borrowed over $23 million second mortgaging it. He defaulted on those second mortgages.Michael THEN sold Colony Capitol another unknown percentage for $35 million according to the Santa Barbara County assessment office.His continued ownership dwindled as he had borrowed against his 87%. The property was renamed Sycamore Valley Ranch, its original name.MJ and Colony were betting on Neverland selling for over $100 million, making money for all. It did not. The price was reduced to $67 million, then to $31 million.Immediately after the Colony deal was struck and Neverland was no longer in foreclosure, Jackson as a percentage owner would not agree to sell but have it sit there abandoned and bleeding money as a shrine to himself. It was only listed for sale after his death.By 2005, Jackson had his monthly living expenses to pay PLUS was he making MONTHLY payments of about $4.5 million on a debt of $270 million .Lets talk about Michael’s spending style despite that $270 million debt. In the 2005 child molestation trial, Michael wore a different handmade suit every day to keep his spirits up and encourage fans. Each hand-crafted suit by Michael Bush cost an average $10,000 - $17,000 per suit, plus an (undisclosed) salary, for working round the clock. The trial lasted 14 weeks which is approximately $750,000 - $ 875,000 worth of suits.It was spare change compared to the millions in lawyer fees, security, media damage control experts, medical needs, and transportation. Use your imagination, do the math.(Michael had a collection of jeweled crowns, jeweled military medallions, thrones, insignia)Michael paid for his 30th anniversary concert at Madison Square Garden in NYC. Ticket prices for "chair" seats were $5,000-$10,000 and the remaining venue seats sold out for two nights. Michael paid (millions in) production costs with advances against ticket sales. There was $275,000 for personal security, $1 million payment for Marlon Brando to appear , a $250,000 necklace as payment to Elizabeth Taylor, he paid his brothers to perform, unknown millions to Britney Spears, producer David Gest, other performers and " gifts" to friends and guests. Madison Square Garden always takes a percentage.Michael was in a very active phase of his Demerol addiction at the time, and it showed. He “overslept “ in his $12,000-a-night Plaza Ritz penthouse suite and was 2 hours late to his opening. He earned $15 million for the 2 concerts but most was spent before he hit the stage.(MJ and Taylor on the red carpet for 30th anniversary concert, high on Demerol, fly open and no one says anything. Wow, what great friends!)He bought Elizabeth Taylor a $362,000 diamond-encrusted Vacheron watch , $320,000 diamond ballerina ring, $600,000 necklace as a thank you for rebutting the Martin Bashir documentary, $194,000 diamond bracelet, Van Cleef & Arpels $87,000 diamond heart, $200,000 Massoni “monkey” necklace and earring suite, along with MILLIONS more in jewelry during their friendship.Michael paid $1.5 million to host her last wedding at Neverland. That’s a lot of wedding cake.(One of many gifts to Elizabeth Taylor, 22 ct diamond, sapphire, platinum ring. $700,000.)Michael liked to shop. He filled his world with stuff.There is the infamous scene in the Martin Bashir documentary, Living with Michael Jackson, where Michael spends over a half million dollars purchasing the ugliest antiques ever in a Las Vegas mall, in 10 minutes. This was not a performance for the film, this was a very frequent feature of Michael’s life and representative of his spending, which was unflagging until the end.Jackson's yearly expenditures remained triple the income, no matter how many millions a year that income was.He had spent the $1.2 BILLION he earned in his adult solo career.(Michael's last estate on N. Carolwood Dr. in Holmby Hills, CA when he was considered "penniless" and “ forced “ into a deal with AEG to perform 50 shows. Rent, $100,000 a month )When he negotiated with AEG LIVE to do a series of 50 concerts, it’s true the schedule was unreasonable, but AEG expected him to work hard for his projected multimillions, even if he was 50 years old. AEG had already spent about $40 million on production, Michael’s expenses and cash advances to Michael.Michael was desperate for the money that HE BELIEVED 50 shows, a projected world tour, product endorsements, merchandise, would generate. Initial ticket sales totaled $85 million. He was now $500 million in debt.Most associated with “This Is It” believed he might be able to do two weeks of shows but the rest would never happen. By then Michael had well-known drug problems, was mentally and physically unstable, and had not been onstage in almost in 10 years.He had been asked to leave at least 4 luxury hotels that year when his credit cards were declined (according to body guards).UNBELIEVABLY, Michael had begun spending his anticipated “This Is It” earnings, ADVANCED TO HIM BY AEG, even as he struggled in rehearsals, was being administered propofol and benzodiazepines at night, and was seeing Dr. Arnold Klein again for a cocktail of opioids, benzos, and cosmetic work.Around the time of his death Michael was paying, with money advanced by AEG, Dr Conrad Murray a salary of $150,000 a month and $40K a month to Dr Arnold Klein for Botox, Demerol, Restylene and Midazolam (a surgical sedation benzodiazepine).He was also paying $180,000 a month on security and transportation. $100,000 a month rent on his Carolwood Drive mansion, while preparing to move to a rented English castle outside London.(Above, Michael's future home, a castle outside London.)The excess continued for upcoming London despite the debt and money being advanced from AEG (thereby accruing even more debt).Items later auctioned off at Julien’s Auctions reflect a particularly sad shopping spree at this time . A Cadillac Escalade van, a $400,000 gold desk, $700,000 red velvet couch etc., etc., etc….etc….The continued grandiose excess is mind boggling considering the stress it had caused him and his children.(Part of spending spree for London home. Ebony and gold antique desk.)It has been estimated by those who knew him that this trend of living a life far exceeding income would have continued had he lived.On his trajectory of spending profits taken as advances and loans while not cutting his lifestyle costs, he would have found himself financially back at square one after “This Is It.”For this reason, it is speculated Jackson had no true intention of completing his tour obligations despite rehearsing. He was in poor health and of questionably sound mind. He was getting old. His financial investments and tangible assets could have afforded him a comfortable life away from his debts, performing, prying eyes, the chaos his life had become, and the despoilment of his legacy.Michael Jackson’s $1.1 million private family funeral costs was paid by Jackson’s estate and a $50,000 loan from Janet Jackson.A few of the expenses were:($35,000 burial outfit custom made of pearls and beads by Thompkins and Bush.)$15,000 Tompkins and Bush design fee.$590,000 Internment at forest Lawn Mausoleum.Endowment care at forest lawn $88,500.Promethius gold-plated casket $25,000.Flowers $16,000.Invites and programs $11,760.Security $175,000.Clothing for Jackson children $15,000Post funeral private family reception :•bar tab $10,800•Dinner $24,500•tray food $4,200And saddest of all, framed photo of Michael - $4,300.RIP Michael. We miss you.Sources:Katherine Jackson v AEG LIVE court transcripts, financial disclosures, medical records.Conrad Murray murder trial,court transcripts.Forbes Magazine, Michael Jackson yearly career earnings 1979-2009.Michael Jackson Inc, book, Zack O’Malley Greenburg, Simon and Schuster publishing.Rolling Stone magazine, monetization of music.Julians Auctions, catalogs, Michael Jackson home contents, memorabilia with known original purchase prices.Public records. Financial disclosure statement filed with LA COUNTY superior court, Jackson v Rowe.Buying The Beatles: Inside Michael Jackson's Best Business BetPublic records. Sycamore Valley ranch sale William Bone to Jackson.Interviews: John Braca, Jackson lawyer, Frank DeLeo, Jackson manager.Sony/Atv music publisher, "Beatles" catalogue aquisition, sale, income.Interview: Elizabeth Taylor discussing Jackson jewelry gifts and Christies Elizabeth Taylor jewelry auction with original purchase prices and designers.NY Times real estate, sale of Michael Jackson's former townhouse.

What is it (specifically) about the NRA that angers so many people on the left?

They promote conspiracy theories to support their positions, such as putting forth the idea that Democrats, pushing for gun control, are really behind mass shootings,[1] or that the Democratic Party is trying to implement some sort of Gestapo-like network of children ratting out their parents.[2]They purposely misquote or cherrypick information to support their side. For example:they freely quote Thomas Jefferson as saying (in the first draft of the Virginia Constitution), “No free man shall ever be debarred the use of arms”,[3] but don’t quote subsequent drafts where he limits it to within their own homes,[4] nor do they mention that he then completely changed his mind and disregarded it.[5]The NRA and its members quote George Mason as saying, “The militia is the whole of the people” when discussing the “militia” part of the 2nd amendment, but when viewed in context, it’s clear that the discussion wasn’t about guns at all, it was a warning about the upper-class sending the middle and lower-classes into war to fight for them.[6]They trumpet Switzerland as proof that more guns does not equal more shootings due to the number of firearms owned in the nation versus the rate of gun crime,[7] but they don’t also tell you about the strict gun control laws that have caused the low crime rate, such as the blanket restrictions on ammunition sales or even access to your own firearm.[8]They make up facts to support their positions, like this quote[9] from George Washington…which he never said.[10]They disregard any research on guns, no matter how thoroughly done and how universally accepted it is…unless it supports their positions.Gary Kleck’s research, almost entirely debunked across the board,[11][12][13] is still quoted as supporting “2.5 million defensive gun uses per year”, but the Harvard study,[14] following sound research principles showing the actual number to be a minuscule fraction of that is mocked.All research done by the CDC that was carefully conducted[15] is derided,[16]unless of course we’re talking about a study that seemingly supports the NRA’s position, then they universally praise it,[17] [18] even though the findings, just like Kleck’s, are found to be erroneous.[19]A report done on the effectiveness of the 1994 Assault Weapons Ban, written in 2003, which repeatedly says it’s too early to tell if the ban is effective and calls repeatedly for Congress to give the ban more time…is haled as being proof that gun bans don’t work.[20] They also refuse to revisit the data on this ban in any objective way as it may show that it did work.[21]When they didn’t like the results of a study about mass shootings showing the US to be far-and-away the world leader, the NRA-funded CPRC first insisted (repeatedly) that the original researcher refused to release his data (which he had), then conducted their own study, comparing war-torn nations like Afghanistan and Angola to the United States, proclaiming that the US is actually very low on the list.[22]They use fear tactics to achieve their objectives.[23] “…the semiauto-auto ban gives jack-booted government thugs more power to take away our constitutional rights, break in our doors, seize our guns, destroy our property, and even injure or kill us.”[24] They insist Democrats will confiscate any and all firearms.[25]They are entirely hypocritical.In the early 1990s, when deliberations on what would become the Brady Bill (resulting in the NICS background check system and waiting periods), the NRA fought every proposal, attempting to either reject or weaken it. Today, not only do they claim to have always supported background checks, but they're actually taking credit for the creation of NICS.[26]In 1999, when legislation was being put forward to expand background checks to, of all things, pawn shops, the NRA opposed it so much that the voting was almost entirely along party lines, with only 6 Republican Senators voting for it. All were voted out in the next election in favor of NRA-funded candidates.[27] Whenever talk arises to require background checks on private transfers of ownership, the NRA announces their opposition, frequently by claiming such background checks already exist or are unnecessary. However, the NRA will openly declare that they’ve always been in full support of background checks.After the 2013 Washington Yard shooting, Wayne LaPierre insisted that mass shootings are the result of a lack of mental health care,[28] and we should focus our energies there instead of any new gun legislation; however, the NRA had objected to mental health being taken into account for background checks just a few years prior,[29] and supported the removal of using mental disabilities as a factor in background checks in 2016.[30]When Florida passed a law raising the minimum age to own a gun from 18 to 21, the NRA filed suit. [31] The NRA first attempted to sue “in general”, but then attempted to add an anonymous 19-year-old to the lawsuit when they realized they’d have to show somebody was affected by the new law.[32] Why anonymous? “The organization asked that the teen be added to the suit using a pseudonym, to avoid potential harassment….” At the same time, NRA spokespeople were engaged in what can only be termed “harassment” of the teen survivors of the Marjory Stoneman Douglas High School shooting in Parkland, Florida.[33] [34] [35]After the Las Vegas shooting, the NRA supported legislation to ban bump stocks…that is, until legislation was proposed. Their position then shifted to saying they would only support an executive order banning them; the sole reason for this is to allow for easily reversing this in the future. After the recent ban was signed, the NRA announced that they don’t support it because it didn’t allow for “grandfathering” in those currently owned…showing this was entirely lip service.They fight every measure designed to make guns safer, despite claiming that gun safety is a major reason for their existence. In 2000, the Clinton administration and Smith & Wesson reached an agreement to make S & W firearms safer; S & W agreed to install safety devices, better screen who purchases their weapons for sale, agreed to limit bulk handgun orders, and to make “smart gun” technology available in 3 years.[36] The NRA called for a boycott of S & W[37] that almost bankrupted the company (they were only saved by being sold to a new parent company who refused to abide by the agreement).[38]They repeatedly insist that there is never a right time to discuss laws that may make guns safer, or harder to have access to, or easier to take from those who are dangerous. In fact, they insist it’s never the right time for legislators to discuss firearms…unless it’s to remove laws.[39] [40] [41] [42] [43] [44] [45] [46]They blame gun-free zones for all mass shootings, even when it’s absolute nonsense.[47][48][49] When Gabby Giffords was shot in Tucson, Arizona, Wayne LaPierre himself insisted that she was the victim of a gun-free zone, when she had been shot in a grocery store parking lot where a number of people were actually carrying concealed firearms.[50] The NRA insists that the Aurora, CO movie theater was caused by it being a gun-free zone, which was disproved in court.[51] In fact, this idea of gun-free zones being targeted is a well-debunked myth.[52] [53]They are now, essentially, a money-laundering operation for Russian political donations to US Republican candidates. The NRA themselves admit to taking in political donations from Russian addresses. [54] [55][56](EDIT 9/27/2019: A Senate investigation has just completed, showing that the NRA and Russian nationals had an even more cozy relationship than initially thought. It is now established that Russia was pumping a considerable amount of money into the NRA’s political action fund, and the NRA was brokering meetings between US and Russian government officials and businessmen in exchange for money. There were also considerably more illegal/unethical activities happening that were leading to NRA officials investing in Russian businesses.[57] [58] [59] [60])They say horrible, despicable things, oftentimes completely contradicting with reality. Their current, official spokesperson recently said, “Many in legacy media love mass shootings. You guys love it.”[61] She also recently insisted that a man illegally shot by a cop in his own home could have protected himself by owning a gun.[62]I think that’s a pretty decent list.NOTE: comments on my answers are not the place for pet diatribes. I will delete comments that aren’t pertinent to the question and answer, as well as any comments that promote misinformation or bigotry.*** EDIT 11/19/2018 ***So, a guy claiming to be the son of Neal Knox, as well as another NRA-fan, have made multiple disjointed remarks that:Neal Knox wasn’t speaking for the NRA when he wrote that (my first point and footnote)Knox wasn’t employed by the NRA at the time he wrote thatThe line highlighted in my link is out of context.Well, let’s start with #2. Knox was employed by the NRA from 1977 to 1982 as a lobbyist, then from 1991 to 1997 as a board member.[63][63][63][63] Knox wrote the cited article in the fall of 1994.[64][64][64][64] So, yes, he was employed by, or at least affiliated with, the NRA when he wrote it.(oddly, the guy claiming to be Knox’s son doesn’t even seem aware of his father’s role[65][65][65][65] )Was he speaking for the NRA when he wrote it? Well, he was on the Board. He was the “First Vice President” of the NRA in 1997.[66][66][66][66] He was officially “skipped” in succession for President when Charlton Heston was given the title,[67][67][67][67] which means he was a pretty big deal in the NRA. He has been referred to as “the real power at the NRA”,[68][68][68][68] the “torchbearer of the NRA”[69][69][69][69] and its “most powerful leader”.[70][70][70][70] In 1995, an NRA board member was quoted as saying, “[the NRA Board members] owe their total allegiance to Neal Knox …”.[71][71][71][71] He did frequent interviews on behalf of the NRA. He wrote a steady stream of articles on behalf of the NRA. So, yes, he was a spokesperson, denying that is just silly.As far as context, well…you read the entire page, then decide.I also notice nobody’s disputing numbers 2–11….*** EDIT 11/19/2018 ***I seriously had a guy tell me in a comment that I didn’t provide my sources.We’re currently at 48 footnotes.I just don’t understand….*** EDIT 11/29/2018 ***Added a few more items…and even more footnotes!*** EDIT 12/5/2018 ***Thanks for the cited sources but there is much opinion and little fact here.[72][72][72][72]I just don’t understand. As of this writing, 18 of my citations go directly to statements from NRA leaders and spokespeople. Another bunch, 17, are to actual research studies, legal documents, and historical records. The links to news sites are almost entirely discussing specific incidents. I see no opinion pieces whatsoever, aside from those written by NRA leadership and spokespeople.I truly don’t understand some of these people….Footnotes[1] Neal Knox[2] NRA Leader Warns That Democrats Want to Build a Socialist Cloud Database of Parents’ Spanking Habits[3] Founders Online: I. First Draft by Jefferson, [before June 1776][4] Founders Online: III. Third Draft by Jefferson, [before June 1776][5] Founders Online: VII. The Constitution as Adopted by the Convention, [29 June 1 …[6] What America is getting wrong about three important words in the Second Amendment[7] NRA-ILA | Gun Control Advocates Target Peaceful Switzerland[8] Gun laws in Switzerland - Wikipedia[9] Image on quoracdn.net[10] Spurious Quotations[11] Contradictions of Kleck[12] National Criminal Justice Reference Service[13] More Guns Do Not Stop More Crimes, Evidence Shows[14] https://www.ncbi.nlm.nih.gov/pmc/articles/PMC1730664/pdf/v006p00263.pdf[15] Gun Ownership as a Risk Factor for Homicide in the Home | NEJM[16] NRA-ILA | 22 Times Less Safe?Anti-Gun Lobby's FavoriteSpin Re-Attacks Guns In The Home[17] NRA-ILA | Newly Discovered Data Proves Why We Can’t Trust the CDC on Guns[18] NRA-ILA | CDC Kept Quiet on Data Showing Americans Regularly Use Firearms for Self-Defense[19] That Time The CDC Asked About Defensive Gun Uses[20] https://www.ncjrs.gov/pdffiles1/nij/grants/204431.pdf[21] Garrett Murphy's answer to Was the 1994 assault weapons ban effective?[22] Garrett Murphy's answer to Do statisticians get it wrong? Is the United States not even near the top of the list of world mass shootings?[23] NRA chief accuses Democrats of pushing 'socialist' agenda [24] NRA Defends Vitriol Toward Federal Agents / Letter calls them `jack-booted thugs'[25] Gun paranoia in the age of Trump[26] The NRA Is Taking Credit for the Background Check System It Tried to Sink[27] Roll Call on Gun Background Checks[28] NRA's LaPierre calls for more armed personnel after Navy Yard shooting[29] http://www.washingtonpost.com/wp-dyn/content/article/2007/06/09/AR2007060901080.html[30] NRA: The mentally ill have gun rights, too[31] NRA v Bondi - Complaint[32] A Judge Said The NRA Has To Actually Name A Teen Who Wants To Sue Florida Over New Gun Control Laws[33] 'We’re Not Terrorists. I’m a Mother!': Dana Loesch Says Parkland Teens Are 'Projecting Bigoted Notions' on '2nd Amendment Advocates'[34] https://www.washingtonpost.com/news/morning-mix/wp/2018/02/22/dana-loesch-the-nras-brash-spokeswoman-dials-back-the-rage-at-cnn-town-hall/?utm_term=.968fa9d1cb77[35] https://www.washingtonpost.com/news/post-nation/wp/2018/03/24/nra-host-taunts-parkland-teens-no-one-would-know-your-names-if-classmates-were-still-alive/?noredirect=on&utm_term=.6134b92203fc[36] http://clinton4.nara.gov/WH/New/html/20000317_2.html[37] Boycotts: They Work! | US Concealed Carry Association[38] After taking bullets, Smith & Wesson lives[39] NRA-ILA ::[40] The History of the NRA, Gun Control, and the Whole Shebang[41] How the NRA Defeats National Tragedies[42] How the NRA Defeats National Tragedies[43] Gun Control Buzz Follows Shootings[44] Rieder: No, not 'too soon' to talk gun control[45] No, Mr. President, the NRA is not to blame: Chris Cox[46] Gun laws don’t deter terrorists: Opposing view[47] 7 People Who Tried To Blame ‘Gun Free Zones’ For The UCC Shooting, Even Though The School Wasn’t One[48] San Bernardino shooting: 'The biggest problem was that it was a gun-free zone'[49] FACT CHECK: Umpqua Community College Is a Gun-Free Zone?[50] How the NRA Defeats National Tragedies[51] The History of the NRA, Gun Control, and the Whole Shebang[52] Opinion flashback: NRA's gun-free zone myth[53] Commentary: Gun-Free Zones Don't Attract Mass Shootings[54] Depth Of Russian Politician's Cultivation Of NRA Ties Revealed[55] Russian National Charged in Conspiracy to Act as an Agent of the Russian Federation Within the United States[56] NRA got more money from Russia-linked sources than earlier reported[57] NRA Was 'Foreign Asset' To Russia Ahead of 2016, New Senate Report Reveals[58] https://apps.npr.org/documents/document.html?id=6432520-The-NRA-Russia-How-a-Tax-Exempt-Organization[59] Top Trump Ally Met With Putin’s Deputy in Moscow[60] New York Attorney General Launches Investigation Into NRA Financial Dealings[61] NRA spox: 'Many in legacy media love mass shootings'[62] NRA's Dana Loesch says man killed by cop in his home could've survived if he "was a law abiding gun owner"[63] Neal Knox[63] Neal Knox[63] Neal Knox[63] Neal Knox[64] https://www.washingtonpost.com/archive/opinions/1995/07/09/gunning-for-his-enemies/ec63ddc7-a44f-4356-a713-7e0c35b7ca9e/?utm_term=.8e6b675fb391[64] https://www.washingtonpost.com/archive/opinions/1995/07/09/gunning-for-his-enemies/ec63ddc7-a44f-4356-a713-7e0c35b7ca9e/?utm_term=.8e6b675fb391[64] https://www.washingtonpost.com/archive/opinions/1995/07/09/gunning-for-his-enemies/ec63ddc7-a44f-4356-a713-7e0c35b7ca9e/?utm_term=.8e6b675fb391[64] https://www.washingtonpost.com/archive/opinions/1995/07/09/gunning-for-his-enemies/ec63ddc7-a44f-4356-a713-7e0c35b7ca9e/?utm_term=.8e6b675fb391[65] https://www.quora.com/What-is-it-specifically-about-the-NRA-that-angers-so-many-people-on-the-left-no-trolling-please/answer/Garrett-Murphy-6/comment/78569416[65] https://www.quora.com/What-is-it-specifically-about-the-NRA-that-angers-so-many-people-on-the-left-no-trolling-please/answer/Garrett-Murphy-6/comment/78569416[65] https://www.quora.com/What-is-it-specifically-about-the-NRA-that-angers-so-many-people-on-the-left-no-trolling-please/answer/Garrett-Murphy-6/comment/78569416[65] https://www.quora.com/What-is-it-specifically-about-the-NRA-that-angers-so-many-people-on-the-left-no-trolling-please/answer/Garrett-Murphy-6/comment/78569416[66] Are We Revising NRA History?[66] Are We Revising NRA History?[66] Are We Revising NRA History?[66] Are We Revising NRA History?[67] Are We Revising NRA History?[67] Are We Revising NRA History?[67] Are We Revising NRA History?[67] Are We Revising NRA History?[68] https://www.washingtonpost.com/archive/lifestyle/1995/04/29/recoil-from-the-nras-two-top-guns/34853e23-838d-4200-b79d-c76a3b007267/?utm_term=.90a96875da98[68] https://www.washingtonpost.com/archive/lifestyle/1995/04/29/recoil-from-the-nras-two-top-guns/34853e23-838d-4200-b79d-c76a3b007267/?utm_term=.90a96875da98[68] https://www.washingtonpost.com/archive/lifestyle/1995/04/29/recoil-from-the-nras-two-top-guns/34853e23-838d-4200-b79d-c76a3b007267/?utm_term=.90a96875da98[68] https://www.washingtonpost.com/archive/lifestyle/1995/04/29/recoil-from-the-nras-two-top-guns/34853e23-838d-4200-b79d-c76a3b007267/?utm_term=.90a96875da98[69] https://www.washingtonpost.com/archive/opinions/1995/07/09/gunning-for-his-enemies/ec63ddc7-a44f-4356-a713-7e0c35b7ca9e/?utm_term=.8e6b675fb391[69] https://www.washingtonpost.com/archive/opinions/1995/07/09/gunning-for-his-enemies/ec63ddc7-a44f-4356-a713-7e0c35b7ca9e/?utm_term=.8e6b675fb391[69] https://www.washingtonpost.com/archive/opinions/1995/07/09/gunning-for-his-enemies/ec63ddc7-a44f-4356-a713-7e0c35b7ca9e/?utm_term=.8e6b675fb391[69] https://www.washingtonpost.com/archive/opinions/1995/07/09/gunning-for-his-enemies/ec63ddc7-a44f-4356-a713-7e0c35b7ca9e/?utm_term=.8e6b675fb391[70] Aggressive Strategy By N.R.A. Has Left Its Finances Reeling[70] Aggressive Strategy By N.R.A. Has Left Its Finances Reeling[70] Aggressive Strategy By N.R.A. Has Left Its Finances Reeling[70] Aggressive Strategy By N.R.A. Has Left Its Finances Reeling[71] Aggressive Strategy By N.R.A. Has Left Its Finances Reeling[71] Aggressive Strategy By N.R.A. Has Left Its Finances Reeling[71] Aggressive Strategy By N.R.A. Has Left Its Finances Reeling[71] Aggressive Strategy By N.R.A. Has Left Its Finances Reeling[72] https://www.quora.com/What-is-it-specifically-about-the-NRA-that-angers-so-many-people-on-the-left-no-trolling-please/answer/Garrett-Murphy-6/comment/79774764[72] https://www.quora.com/What-is-it-specifically-about-the-NRA-that-angers-so-many-people-on-the-left-no-trolling-please/answer/Garrett-Murphy-6/comment/79774764[72] https://www.quora.com/What-is-it-specifically-about-the-NRA-that-angers-so-many-people-on-the-left-no-trolling-please/answer/Garrett-Murphy-6/comment/79774764[72] https://www.quora.com/What-is-it-specifically-about-the-NRA-that-angers-so-many-people-on-the-left-no-trolling-please/answer/Garrett-Murphy-6/comment/79774764

What is a stake sale clause in a share purchase agreement?

However, in the second case, both the parties will be sharing the house, and the relationship has to be taken forward. A may want to change the color of the wall, and B may disagree. B may want to throw a party on the terrace every Friday, and A may be allergic to that. Whose opinion will prevail? What if one of them wants to sell their stake and the other prevents them from selling? What if one sells it to an undesirable entity like the local goon who wants to do illegal activities in the house? Obviously selling a limited interest in something is not as straightforward as an outright sale. BTA is an outright sale of a business unit whereas selling shares to someone is akin to giving them the interest in a part of the company. Naturally, the agreements are of a very different nature, because(more)

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