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Tuesday, December 27, 2011

Corruption is easy.

Step one: raise lots of money for winning presidential candidate.
Step two: get lots of tax money back from winning presidential candidate.

Real life example: George Kaiser is a billionaire and campaign donation bundler for Obama; his "family foundation" owned 1/3 of Solyndra; Solyndra goes bankrupt after getting $528 million from Obama administration.

The more power the government has, the more it will give away in exchange in for political favors.

The notion that "getting money out of politics" will stop the corruption is well-intentioned and completely wrong.  As long as the government has power to dole out favors, someone will be willing to bid for those favors. The more rules and regulations instituted to prevent this exchange of money for political largesse just means more lawyers and financial advisers get paid to find the loopholes.

More campaign finance rules discourage honest people from getting involved. No honest person wants to run afoul of regulations and subject themselves to government sanction. Dishonest people are not subject to the same concerns.

Campaign finance rules do nothing but make it harder for small groups and individuals to engage in the political process. They actually make more and more money necessary to participate, thereby defeating their purpose.

The only way to effectively limit corruption is to limit the power of the government to grant favors. The less they can dole out, the better.

1 comment:

  1. You agree very much with 2006 me :-)

    http://www.insignificantthoughts.com/2006/01/08/how-to-stop-lobbying/

    ReplyDelete