Elon Musk steps up political giving with six-figure donation to House Republicans
Elon Musk steps up political giving with six-figure donation to House Republicans
It's absurd that politicians are allowed to accept campaign contributions from individuals and corporations. Campaigns should be publicly funded.
Campaigns should be publicly funded.
Then you would just have proxy donors.
The corporations is especially crazy. An individual supporting the democratic process makes sense. They are the ones voting. But a business doesn't vote.
The very-dishonestly named "Citizens United" fucked over We the People. Badly. Now, even Democrats and Independents have to also raise obscene amounts of money to match what giant corporations almost always throw at the Republicans who promise to lower their tax rates, limit regulation, repeal environmental and antitrust restrictions, etc.
If it's not yet fully a capitalist hellscape, it's well on its way there...
Campaigns being explicitly publicly funded would also have the benefit that if the fatcats want to contribute more*, they'd need to pay more taxes!
*while still not getting to choose who they're actually contributing to, because eat the rich
America has been an oligarchy since corporations were given lobby rights into politics.
US government gives multi multi billionaire most of his money, billionaire turns around and gives it to Republicans. how's your money in politics working, is it good?
Let's say he donated the highest amount of 6 figure (i didn't read the article), 999,999. His net worth is at 260 billion, would be the same as me donating $2.50 in regards to my net worth, and i consider myself technically pretty okay money wise. It's absurd how much billions are....
Article says it was $289k.
There's other donations though:
How much money Musk ends up investing in the election remains an open question. In July, the Wall Street Journal reported that he planned to donate around $45 million a month to help Trump. Musk, however, later denied the report.
Despite the influx of cash from Musk, the NRCC raised just $9.7 million in August, compared to $22.2 million raised by its Democratic counterpart.
He can write all of this off too, can't he? God bless America.
Sigh.
Fascism is not politely waiting to take over the U.S. and Putin is in on it.
Doesn't that exceed political donation caps to PACs?
https://www.fec.gov/updates/fec-announces-2023-2024-campaign-cycle-contribution-limits/
The limit for contributions by individuals and nonmulticandidate PACs to national party committees has risen to $41,300, while the limit for individual and nonmulticandidate PAC contributions to each of the additional national party committee accounts has increased to $123,900 per year.
Just speculating here but it could be a joint fundraising committee donation. Basically allows a contribution to one entity to be distributed to many political entities. So the contribution limit would still apply but you can contribute to all people/pacs/parties associated with that committee. Doing some terrible calculations that would amount to like 1.7m if you maxed out contributions to every general election candidate ($3300 x 538) and excluding parties/pacs.
https://www.opensecrets.org/joint-fundraising-committees-jfcs
It's pretty cool how he has the ability to single-handedly improve the lives of people in absolute misery (it'd cost him nothing to renovate one homeless shelter, for example) yet he spends his money on stupid shit like this. /s
Fuck oligarchs, no room for them in a democracy
A fool and his money….