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Political Factoid
The Federal Election Commission and the United States Supreme Court have together ruled that a foreign company can provide a unlimited amount of money to its American subsidiary which spends a like amount of money to influence American elections - as long as the money is kept "separate."
A foreign corporation provides $250 Million to a US Subsidiary.
- The US Subsidiary builds new plant using the $250 Million.
- The US Subsidiary spends $200 Million for US Elections using money from corporate bonds and retained earnings (instead of retaining those earnings for capital investment).
The money is spent for campaign contributions, TV advertisements, and lobbying activities (via non-profit organizations to preserve anonymity.)
(This is much like using food stamps for groceries for kids, while spending the meager paychecks for booze, cigarettes, and lottery tickets.)
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