(Daily Caller)—Republican South Carolina Sen. Tim Scott has differentiated himself from most of the Republican presidential field by not vocally supporting a TikTok ban while simultaneously receiving significant financial support from major stakeholders in the company.
While prominent Republican lawmakers and presidential candidates have supported banning TikTok, which is linked to the Chinese Communist Party (CCP) through its parent company ByteDance, Scott has opted for a less aggressive approach and has not called for fully banning the app. At the same time, one of the main investors in ByteDance, as well as the executive chairman and founder of Oracle, which stores TikTok’s American data, both contributed large sums to organizations supporting Scott.
Jeffrey Yass contributed $600,000 to Opportunity Matters Fund Action, a political organization that is aligned with and supports Scott, according to Federal Election Commission (FEC) data. Yass’ investment firm Susquehanna International Group bought a significant stake in ByteDance in 2012, while his personal stake of 7% is valued at around $21 billion, The Wall Street Journal reported.
“I’ve supported libertarian and free market principles my entire adult life,” Yass told the WSJ. “TikTok is about free speech and innovation, the epitome of libertarian and free market ideals. The idea of banning TikTok is an anathema to everything I believe.”
Yass is a major contributor to the Club for Growth, a conservative organization that mobilized Republican resistance to banning TikTok, according to the WSJ. He has given $61 million to the organization’s political spending division since 2010, which accounts for nearly one-fourth of its overall funding.
Opportunity Matters Fund, Inc., a PAC that also backs Scott, has received over $30 million in contributions since 2020 from Oracle Co-Founder and Chief Technology Officer Larry Ellison, according to FEC data. Oracle has a contract with TikTok to store the company’s American data. Scott called Ellison one of his “mentors” in May when he launched his presidential campaign.
In response to questions by the Daily Caller News Foundation on whether Scott would support a TikTok ban, his campaign declined to call for one. Instead, it shared Scott’s comment that he has “no problem whatsoever” with a TikTok ban, which he stated in an August Fox News interview.
Though Scott did not call for banning TikTok in the interview, or promise to do so if elected, Scott advocated for a plan to separate American children’s data from the CCP.
“We have to separate or segregate the communist Chinese party from our kids’ data,” Scott said in the interview. “We have to stop them from spying on our kids.”
However, China hawks have criticized Scott for his stance on TikTok when compared to other top Republican presidential candidates, according to Politico.
Other candidates, such as Florida Gov. Ron DeSantis, former Vice President Mike Pence, businessman Vivek Ramaswamy and former U.N. Ambassador Nikki Haley, have all indicated support of a nationwide ban. However, Ramaswamy recently appeared to walk back his hard-line stance on TikTok.
“In retrospect, it was a little bit of an old-fashioned decision to say that there’s an entire mode of communicating with young people that I was going to turn off,” Ramaswamy said.
Former President Donald Trump also attempted to ban TikTok, but was stymied by federal courts. Scott cited such legal difficulties in his August Fox interview as evidence that “we can’t ban TikTok.”
DeSantis also received $2.5 million from Yass in February, according to data from his Florida PAC, which was named Friends of Ron DeSantis at the time. Yass has not contributed to Never Back Down, a federal PAC supporting DeSantis’ 2024 presidential bid.
Scott has backed more moderate solutions to potential national security concerns raised by TikTok, including voting to ban TikTok on government devices, and introducing a bill called the Know Your App Act to require applications to disclose what country they originate from.
China is using TikTok to spy on our children and invade their privacy. My Know Your App Act gives parents the tools they need to keep the CCP out of their homes and protect their kids.
— Tim Scott (@SenatorTimScott) July 20, 2023
The Biden administration plans to resume negotiations with TikTok despite its previous ultimatum that ByteDance must sell its stake in the company or face a potential ban, The Washington Post reported. The Beijing-based company maintains an internal CCP committee, and the U.S. Department of Justice characterized ByteDance as a “mouthpiece” for the CCP.
A former ByteDance executive has alleged that CCP members within the company had a “superuser” credential or “god credential” that enabled them to view all of the data the company obtained, according to The Wall Street Journal. The company also had a “backdoor channel” to gain U.S. user data, the former executive asserted.
ByteDance employees also used TikTok data to spy on American journalists who were covering the company in 2022, Forbes reported. Additionally, TikTok stored American TikTok creators’ and businesses’ financial information such as Social Security numbers and tax IDs in China, according to records obtained by Forbes.
Oracle, Susquehanna, TikTok and ByteDance did not immediately respond to the DCNF’s request for comment.
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Five Things New “Preppers” Forget When Getting Ready for Bad Times Ahead
The preparedness community is growing faster than it has in decades. Even during peak times such as Y2K, the economic downturn of 2008, and Covid, the vast majority of Americans made sure they had plenty of toilet paper but didn’t really stockpile anything else.
Things have changed. There’s a growing anxiety in this presidential election year that has prompted more Americans to get prepared for crazy events in the future. Some of it is being driven by fearmongers, but there are valid concerns with the economy, food supply, pharmaceuticals, the energy grid, and mass rioting that have pushed average Americans into “prepper” mode.
There are degrees of preparedness. One does not have to be a full-blown “doomsday prepper” living off-grid in a secure Montana bunker in order to be ahead of the curve. In many ways, preparedness isn’t about being able to perfectly handle every conceivable situation. It’s about being less dependent on government for as long as possible. Those who have proper “preps” will not be waiting for FEMA to distribute emergency supplies to the desperate masses.
Below are five things people new to preparedness (and sometimes even those with experience) often forget as they get ready. All five are common sense notions that do not rely on doomsday in order to be useful. It may be nice to own a tank during the apocalypse but there’s not much you can do with it until things get really crazy. The recommendations below can have places in the lives of average Americans whether doomsday comes or not.
Note: The information provided by this publication or any related communications is for informational purposes only and should not be considered as financial advice. We do not provide personalized investment, financial, or legal advice.
Secured Wealth
Whether in the bank or held in a retirement account, most Americans feel that their life’s savings is relatively secure. At least they did until the last couple of years when de-banking, geopolitical turmoil, and the threat of Central Bank Digital Currencies reared their ugly heads.
It behooves Americans to diversify their holdings. If there’s a triggering event or series of events that cripple the financial systems or devalue the U.S. Dollar, wealth can evaporate quickly. To hedge against potential turmoil, many Americans are looking in two directions: Crypto and physical precious metals.
There are huge advantages to cryptocurrencies, but there are also inherent risks because “virtual” money can become challenging to spend. Add in the push by central banks and governments to regulate or even replace cryptocurrencies with their own versions they control and the risks amplify. There’s nothing wrong with cryptocurrencies today but things can change rapidly.
As for physical precious metals, many Americans pay cash to keep plenty on hand in their safe. Rolling over or transferring retirement accounts into self-directed IRAs is also a popular option, but there are caveats. It can often take weeks or even months to get the gold and silver shipped if the owner chooses to close their account. This is why Genesis Gold Group stands out. Their relationship with the depositories allows for rapid closure and shipping, often in less than 10 days from the time the account holder makes their move. This can come in handy if things appear to be heading south.
Lots of Potable Water
One of the biggest shocks that hit new preppers is understanding how much potable water they need in order to survive. Experts claim one gallon of water per person per day is necessary. Even the most conservative estimates put it at over half-a-gallon. That means that for a family of four, they’ll need around 120 gallons of water to survive for a month if the taps turn off and the stores empty out.
Being near a fresh water source, whether it’s a river, lake, or well, is a best practice among experienced preppers. It’s necessary to have a water filter as well, even if the taps are still working. Many refuse to drink tap water even when there is no emergency. Berkey was our previous favorite but they’re under attack from regulators so the Alexapure systems are solid replacements.
For those in the city or away from fresh water sources, storage is the best option. This can be challenging because proper water storage containers take up a lot of room and are difficult to move if the need arises. For “bug in” situations, having a larger container that stores hundreds or even thousands of gallons is better than stacking 1-5 gallon containers. Unfortunately, they won’t be easily transportable and they can cost a lot to install.
Water is critical. If chaos erupts and water infrastructure is compromised, having a large backup supply can be lifesaving.
Pharmaceuticals and Medical Supplies
There are multiple threats specific to the medical supply chain. With Chinese and Indian imports accounting for over 90% of pharmaceutical ingredients in the United States, deteriorating relations could make it impossible to get the medicines and antibiotics many of us need.
Stocking up many prescription medications can be hard. Doctors generally do not like to prescribe large batches of drugs even if they are shelf-stable for extended periods of time. It is a best practice to ask your doctor if they can prescribe a larger amount. Today, some are sympathetic to concerns about pharmacies running out or becoming inaccessible. Tell them your concerns. It’s worth a shot. The worst they can do is say no.
If your doctor is unwilling to help you stock up on medicines, then Jase Medical is a good alternative. Through telehealth, they can prescribe daily meds or antibiotics that are shipped to your door. As proponents of medical freedom, they empathize with those who want to have enough medical supplies on hand in case things go wrong.
Energy Sources
The vast majority of Americans are locked into the grid. This has proven to be a massive liability when the grid goes down. Unfortunately, there are no inexpensive remedies.
Those living off-grid had to either spend a lot of money or effort (or both) to get their alternative energy sources like solar set up. For those who do not want to go so far, it’s still a best practice to have backup power sources. Diesel generators and portable solar panels are the two most popular, and while they’re not inexpensive they are not out of reach of most Americans who are concerned about being without power for extended periods of time.
Natural gas is another necessity for many, but that’s far more challenging to replace. Having alternatives for heating and cooking that can be powered if gas and electric grids go down is important. Have a backup for items that require power such as manual can openers. If you’re stuck eating canned foods for a while and all you have is an electric opener, you’ll have problems.
Don’t Forget the Protein
When most think about “prepping,” they think about their food supply. More Americans are turning to gardening and homesteading as ways to produce their own food. Others are working with local farmers and ranchers to purchase directly from the sources. This is a good idea whether doomsday comes or not, but it’s particularly important if the food supply chain is broken.
Most grocery stores have about one to two weeks worth of food, as do most American households. Grocers rely heavily on truckers to receive their ongoing shipments. In a crisis, the current process can fail. It behooves Americans for multiple reasons to localize their food purchases as much as possible.
Long-term storage is another popular option. Canned foods, MREs, and freeze dried meals are selling out quickly even as prices rise. But one component that is conspicuously absent in shelf-stable food is high-quality protein. Most survival food companies offer low quality “protein buckets” or cans of meat, but they are often barely edible.
Prepper All-Naturals offers premium cuts of steak that have been cooked sous vide and freeze dried to give them a 25-year shelf life. They offer Ribeye, NY Strip, and Tenderloin among others.
Having buckets of beans and rice is a good start, but keeping a solid supply of high-quality protein isn’t just healthier. It can help a family maintain normalcy through crises.
Prepare Without Fear
With all the challenges we face as Americans today, it can be emotionally draining. Citizens are scared and there’s nothing irrational about their concerns. Being prepared and making lifestyle changes to secure necessities can go a long way toward overcoming the fears that plague us. We should hope and pray for the best but prepare for the worst. And if the worst does come, then knowing we did what we could to be ready for it will help us face those challenges with confidence.
