Tax Guru-Ker$tetter Letter

Sunday, October 06, 2002

Investing In Politics

I have mentioned quite often how the best investment possible is with campaign contributions (aka bribes). For a few thousand dollars, it's often possible to receive millions of dollars worth of tax breaks or government largesse back.

Sometimes, people cut out the middlemen, often through the initiative process. Here in Arkansas, there are frequently ballot initiatives attempted to allow certain companies or families to have a casino monopoly. Just as with tax cut initiatives, these are always removed by opponents before the people are given a chance to actually cast their votes.

In the PRC, there is an initiative (51) that, according to this article, is a very similar thing. The people funding the petition drive stand to reap billions of dollars in immediate benefits if it passes. As can be expected, the rulers aren't happy about being out of the loop on this one.

KMK
- posted by Kerry M. Kerstetter, MBA~CPA~ATP~ATA @ 10/06/2002 11:54:00 PM Send this post: