Super PACs are unlike traditional PACs in that they may raise unlimited amounts from individuals, corporations, unions, and other groups to spend on, for example, ads overtly advocating for or against political candidates. However, they are not allowed to either coordinate with or contribute directly to candidate campaigns or political parties.
The answer is similar to the answer of, “Do large corporations pay taxes?”
Technically, large corporations pay taxes and there’s limits to how much an individual donates to a political campaign.
But, if the individual uses financial constructs such as SPACS and C-Corporations, they can effectively donate as much as they wish, and even do so covertly.
It’s like most anything else: The rules are constructed for and enforced inversely proportional to fiscal class.
Small groups can make a substantial difference by using these tools for “good”. A fantastic example of an idea that scaled beautifully is Proton, a C-corp, soon to be majority owned by a trust with zero liabilities, soon forever subordinate to the principle of privacy in digital services.
While campaign finance laws are dogshit these days, isn’t there some kind of upper limit on how much one can donate to a campaign?
That’s why he’s not donating to the campaign. He’s donating to a Maga PAC.
There are limits to what an individual can donate to a campaign and a PAC. There are no limits to donating to a Super PAC.
https://www.fec.gov/help-candidates-and-committees/taking-receipts-pac/contribution-limits-nonconnected-pacs/
https://www.fec.gov/help-candidates-and-committees/taking-receipts-pac/contributions-to-super-pacs-and-hybrid-pacs/
https://en.wikipedia.org/wiki/Political_action_committee#Super_PACs
The answer is similar to the answer of, “Do large corporations pay taxes?”
Technically, large corporations pay taxes and there’s limits to how much an individual donates to a political campaign.
But, if the individual uses financial constructs such as SPACS and C-Corporations, they can effectively donate as much as they wish, and even do so covertly.
It’s like most anything else: The rules are constructed for and enforced inversely proportional to fiscal class.
Small groups can make a substantial difference by using these tools for “good”. A fantastic example of an idea that scaled beautifully is Proton, a C-corp, soon to be majority owned by a trust with zero liabilities, soon forever subordinate to the principle of privacy in digital services.