Politics
Out of context: Reply #19173
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- deathboy0
pretty humorous perspective
http://www.msn.com/en-us/news/po…
...Let me explain: Typically, presidential campaigns are funded via outside political action committees (PACs), which can be dominated by a few extremely rich individuals, or by larger numbers of big-money donors who give directly to campaigns and PACs. These people tend to be relatively savvy investors. When the venture they're backing seems to lose momentum in the marketplace, they're unwilling to throw good money after bad. So they pull the plug.
But, from the outset, Sanders has relied on online fundraising, from passionate small donors who give, continuously, in small increments. Not surprisingly for a candidate who has said that Wall Street's business model is corruption, Sanders doesn't appeal to billionaires with agendas, or to garden-variety millionaires who want to pony up $2,000 for a chance to take a selfie with the candidate.
So by relying on small donors, Sanders is, in some ways, turning the dynamics on its head. He’s created in his own economic engine that can power the campaign as long as he sees fit. But take a deep dive into the data, and you’ll see- irony alert - in this age of rampant inequality, the Sanders campaign has managed to redistribute well over $150 million from the have-lesses to the have-mores.
...- Right but ultimately those donations are going towards promoting a message they agree with, so I'm not sure you can really say they are getting ripped off.yuekit
- Also I bet if you looked the numbers a lot of those Bernie donors are actually middle class, rather than poor people giving away their last $30.yuekit
- oh yea it has many ways to be perceived, but i personally didn't think of it in terms as ill investments and wealth distribution. just a different perspective.deathboy
- this what you call it i think?
http://investorplace…yurimon