vee

Why do the ultra-rich feel they deserve different rules?

squashed:

The Heritage Foundation and other conservative groups have accused President Obama of keeping an “Enemies List.” That sounded a bit … dramatic, so I though I would check out what they were upset about. It turns out it was this little page listing names, donation amounts, and a bit of biographical data. As you might imagine, these donors are outraged, feel targetted, and some are worried their businesses will suffer. Perhaps if people knew their money was supporting people giving to fund Romney’s attack ads, maybe they’d take their money elsewhere. (Seems reasonable.)

But are these ultra-rich donors actually being treated so harshly? When normal people make normal political donations, their name, industry, and the amount they give becomes part of a public record. You can, for example, look up which Bain Capital employee gave a half million dollars to Romney’s SuperPAC and which gave maximum donations to Democratic PACs. Our campaign finance laws are in tatters—but they still provide transparency on normal people making normal donations.

Apparently the ultra-rich are outraged that they may be held to the same standard.

(via stfuconservatives)