Aggie Jurist said:
I was watching portions of a congressional hearing regarding attempts to enforce subpoenas related to the Biden documents case and I was once-again reminded of how much money book companies continue to pay politicians for their memoirs.
Where is the money coming from? Certainly not from book sales. There's absolutely no way that enough copies of Biden's memoirs would be sold to cover the advance, let alone profit. This isn't new, but it is infuriating. Nobody buys these books, but multi-million dollar advances are common. How is it funded?
The campaigns buy the books. It's the loop hole that allows politicians to convert campaign cash into personal cash on a large scale. It's how retiring politicians cash out so they don't have to make large donations to charities or their political parties.
On a smaller scale they do it with loans and office rental. For example. A new politician with minimal money or financial support will loan their campaign $50,000 instead of making a contribution. That $50k will then be used to rent campaign office space in their home or other building they own. If the campaign goes bankrupt they lose nothing because that $50k already went back into their pocket.
If the campaign has some fundraising success, they will use political donations to pay back the loan with interest. So that $50k loan they already used to pay themselves rent, now becomes $50k + interest in new tax free income.
In the intermediate stage, politicians will have a spouse or close relative set up a print shop or political media company and they will direct their entire advertising budgets through these companies where they take a cut of every dollar spent.
Start looking at campaign filings of career county clerks, sheriffs, judges, State reps, Congressmen, etc and you will start to see these techniques are not just common and widespread at all political levels.
