by Pam Martens and Russ Martens
Wall Street on Parade
Last month the Washington Post compared the state of U.S. political campaigns to that of the Gilded Age, noting that 41 percent of the money raised by SuperPacs by the end of February came from just “50 mega-donors and their relatives.”
New evidence suggests that that tax avoidance may be at the center of what some of these mega-donors are expecting in return for that largess to Presidential and Congressional candidates.
Take the case of Priorities USA, the SuperPac supporting Hillary Clinton’s campaign. It has already raised $67 million and just four hedge fund billionaires have ponied up 40 percent of that amount.