[SPORK] Political Underwriting Funds
jbone at deepfile.com
Tue Apr 8 16:47:10 PDT 2003
Okay, so we've got PACs, and look where that's gotten us. So here's a
new idea: The Political Underwriting Fund, or PUF. Here's how it
(1) Set up a 501(c)3 [whatever] corp.
(2) Set up multiple PayPal accts for said corp, 1 per politician /
issue of interest
(3) Define release criteria for funds that accumulate in said account
These could be used in various ways. For example, I'm sure there are
50M Americans that would pay $1 on the prospect of paying George W.
Bush to step down from office. Would $50M do the trick? No idea.
Even if it did not, the interest accumulated on that money could be
used to prop up the war chests of other candidates, buy stock in FOX
News in order to exercise shareholder control, etc.
The only problem with paying politicians to resign is that, of course,
it encourages even worse political mischief. (Well, that and the fact
that if you bought Bush off, you'd have to work your way pretty far
down the line of succession before you got to a desirable candidate.)
But PUFs could be used in more traditional PAC-like ways, too. The key
difference between PACs and PUFs is that PUFs are fine-grained,
issue-focused, Web-friendly, and extremely low-friction. You don't
have to buy into an entire "bundled" agenda to toss a little pocket
change towards making the world a better place.
More information about the FoRK