• skuzz@discuss.tchncs.de
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    4 months ago

    While campaign finance laws are dogshit these days, isn’t there some kind of upper limit on how much one can donate to a campaign?

    • SirDerpy@lemmy.world
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      4 months ago

      The answer is similar to the answer of, “Do large corporations pay taxes?”

      Technically, large corporations pay taxes and there’s limits to how much an individual donates to a political campaign.

      But, if the individual uses financial constructs such as SPACS and C-Corporations, they can effectively donate as much as they wish, and even do so covertly.

      It’s like most anything else: The rules are constructed for and enforced inversely proportional to fiscal class.

      Small groups can make a substantial difference by using these tools for “good”. A fantastic example of an idea that scaled beautifully is Proton, a C-corp, soon to be majority owned by a trust with zero liabilities, soon forever subordinate to the principle of privacy in digital services.