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jakenash t1_j8wk0na wrote

Reply to comment by apriljeangibbs in [OC] Which Political Groups did Former FTX Executives Donate to? by coingecko

As an American, I don't know what that means either. I'm assuming "liberal groups" and "conservative groups" are PACs that support one party or the other, but aren't officially associated with that party.

And that highlights another disgusting part of our campaign finance system. Donations to PACs are less restricted and much easier to hide. They're supposed to be separate from specific parties and candidates, but many candidates run their own PACs. It's a giant, unlimited loophole in the system. Everyone knows it. But nobody can close it because of a bad Supreme Court decision.

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apriljeangibbs t1_j8wkta0 wrote

So if these are PACs then it’s effectively the same as donating to the party, just splitting hairs really?

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jakenash t1_j8wld1e wrote

In theory, no. In practice, absolutely.

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KindlyQuasar t1_j8xiggf wrote

>So if these are PACs then it’s effectively the same as donating to the party, just splitting hairs really?

Exactly. The above user mentioned a bad Supreme Court decision, and they nailed the problem right on the head. Look up Citizens United.

Check out this article How Stephen Colbert Taught Americans About Super PACs to learn more, and bonus points because Stephen Colbert is awesome and showed us how ridiculous it all really is.

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