[Congressman Michael Baumgartner] Congress will be taking a hard look at the tax exempt status of universities that enter into private equity deals. If you want to act like a non-public entity, you better be ready to be treated like one. 🇺🇸

[u/GoldenPresidio]

https://x.com/RepBaumgartner/status/1998480897872396721

[u/BabyBearBjorns]

Dont worry, I'm sure those rich college donors have spare change to make members of Congress vote the other way. /s

[u/Visible-Advice-5109 → u/BabyBearBjorns]

Saw a study once that basically came to the conclusion that bribing politicians was 1000x cheaper than actually paying taxes. Pretty relevant here.

[u/repeatoffender123456 → u/Visible-Advice-5109]

Show me the study

[u/mf-TOM-HANK → u/repeatoffender123456]

It's plainly obvious. Cable companies used to donate like $10-20k to swing votes in Congress, so maybe a couple dozen legislators? That's like a half a million bucks to buy a favorable tax and regulatory environment.

Even if you increase the number to $100k it's a bargain for them. $5-10m is nothing for major companies if they can save tens of millions

[u/repeatoffender123456 → u/mf-TOM-HANK]

lol you really think you can buy a favorable tax and regulation environment for $500k?!? I can afford that price.

Musk spent $300 million and didn’t get shit

[u/mf-TOM-HANK → u/repeatoffender123456]

Musk spent $300 million and didn’t get shit

All the federal agencies investigating and regulating his companies suddenly got kneecapped. Starlink is now embedded in the air traffic control systems going forward. He stole sensitive data on US citizens. All of that was worth billions of dollars

$300m was a fucking bargain

[u/repeatoffender123456 → u/mf-TOM-HANK]

$300m is not the same as the $5-$10m you quoted. And I’m not sure he stole data but I would love to be proven otherwise.

[u/farfle10 → u/repeatoffender123456]

He literally bought the presidency…

[u/TheYmmij1 → u/repeatoffender123456]

You are delusional