The Big Campaign Ponzi Scheme.

Boy, here's a gimmick for ya. A 501C nonprofit is just that. A nonprofit corporation. The idea was originally allowed to help charities. They could supposedly spend no more than 50% of their income on campaign ads. Then it expanded until smart politicians figured out that they could exploit these 501C (4) corporations to hide campaign contributions. Donors can give all the money they want and nobody will ever know it was them. In fact, foreign corporations could give money to support a given politician and it would never be made public. Now of course at some point the IRS will be told. So here's what they do. They form the 501C (4) corporation, let's say in January, buy millions of $$$ in TV ads attacking some candidate or other, then fold in late November. They don't have to report to the IRS until as much as two years later. At that point, I suppose, they will get scolded for doing wrong. So, the "old peoples co-operative" or the "over the hill 60s" or some such name, can claim that this candidate or that one has stolen $500 billion from your medicare account, or cut your Social Security payments for next year, or cut off unemployment for the poor and increased everybody's taxes or even claim the candidate hates babies and motherhood. In other words, they can tell any lie they want in a TV ad and then go out of business and start a new one next campaign season. This is better than shell games, or ponzi schemes, and it's legal. It's legal because who's going to stop it? Politicians? Heck no. They're all doing it. The courts? The Supreme Court seems to think anything goes when it comes to politicking. So how come TV networks don't pull the plug on these lies? Huh, how come? The networks say they're not the police. So, who's left? Some champion on a big white horse? Ya know what? I have this large bridge in New York City I'm considering selling for a bargain basement price. Give me a call at 1-800 clueless.