Don Surber makes an observation about returns on investments:

You bought Google at $100 and 3 years later is nearing $600 a share? Big deal. Microsoft has gone up 28-fold over the last 20 years? Yawn. You want to make the big bucks? Rent a congressman. Your return on your investment can be as high as $75 for every dollar invested.

Just ask the good folks at PMA Group, a lobbying firm. They sank $1,333,074 into the campaigns last year of 3 Democratic members of the House defense appropriations subcommittee and walked away with $100.5 million in defense earmarks for PMA clients, Roll Call reported.

Remember it’s the democrats that most often argue for taxes increases to put more money into the hands of legislators. Clearly they don’t intend for this kind of outcome but there is a naivety to think that money secured for infrastructure will not eventually be used for political gains.

To reduce this kind of abuse the most simplest solution is to reduce the money legislator have access to by reducing taxation. Democrats advocate developing a complex set of law regulation and controlling lobbyist behavior rather than simply nipping the problem in the bud.

This entry was posted on Tuesday, September 18th, 2007 at 1:00 pm and is filed under Taxiation. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.