Retired Congress people Go From Getting Contributions to Giving Them
|November 20, 2013||Posted by Staff under Corruption, Inequality / Concentration, Politics|
One of the plushest places at the table in the capitol is a seat on the House Financial Services Committee, the one that allegedly regulates the banks and Wall Street. In the first half of this year, political action committees “set up by lobbying firms, unions, corporations, and other groups trying to push their agenda in Congress” have given more money to its members — nearly nine and a half million dollars — than any other committee.
So many members are clamoring for a seat at the trough that extra chairs had to be installed in the committee room.
In 1974, 3 percent of retiring Congressmen became lobbyists. Now it’s 50 percent of Senators, 42 percent of House members.
Ed. Notes: Of course it’d help to classify campaign contributions as advance bribes, make them illegal, and throw in jail both the bribers and the bribees. Of course, then tax dollars would have to fund the election campaigns of candidates, but that’d be much cheaper than the current corrupt system. Plus, the government could make some TV time free, since it owns the airwaves, and get a deal from the Post Office, since it subsidizes that business.
More fundamentally, we must take the power of discretionary spending and wayward taxing away from politicians, so lawmakers then have nothing to offer for sale to businesses. Instead of taxing anything that moves and granting loopholes, the government would be limited to recovering the socially-generated values that attach to locations in nature and to privileges granted to businesses, such as the banking charter. Instead of subsidizing favorite insiders, government would be limited to disbursing public revenue to the citizenry as a monthly dividend. With nothing for sale, there’d be nothing to sell out for.
Money is where the rubber meets the road so revenue reform is key to solving many other issues, too.