Congress is finally perfecting a complete inversion of the popular idea of “Charity.” Billionaires and their huge corporations “donate” millions to our elected representatives. Like your $25 donation to your favorite charity, these millions are tax-exempt, meaning, of course, they’re taxpayer-subsidized.
But these donated millions don’t go to the injured and displaced, survivors of natural disaster, and the poor and needy. They go into legislators’ secret slush funds in a process still colloquially known as “bribery.”
The resulting legislation effects a return of billions in completely legal and fully protected profits to the “donors,” a thousandfold return on investment (ROI).
But this is surely just exaggerated hype, right? From Bill Moyers, this morning, in turn quoting Paul Blumenthal at The Huffington Post:
“Republicans in Congress are trying to decrease the already scant amount of disclosure for politically-active nonprofits — known as dark money groups. The legislative effort is unsurprisingly supported by the main political arm of the billionaire brothers Charles and David Koch.”
“Dark Money?” Like “Non-profit.” there we rediscover another grave euphemism. Taxpayers subsidize small investments in legislation, in the process best known as “graft,” which returns huge profits, which in turn are often sheltered under special tax sweetheart deals. In effect, we are paying corporations to corrupt the system for a profit. It’s become “Darth Vader” Money.
2,498 total views, 2 views today