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Wed Jun 27, 2012, 02:28 AM

Adelson is willing to pay 400 million to oust Obama. Would his tax bill be that high?

or would the combined tax bills of the "Billionaire Boyz Club" be as much as they are willing to bribe republicans with?

It amazes me how they whine & boo-hoo-hoo over their need for tax relief, and yet they throw wads of cash (the country really needs) at every sleazy republican they see.

Election cycles are no longer "every 4 years" , with minor ones every year locally. We have a Rube Goldberg Perpetual Election Machine going full throttle 24/7 year-round, and the republican electioneering beast must be fed non-stop. Local/state races are now beneficiaries of the **BBC because every lowly republican elected to small offices all over, may some day be elevated to a pivotal judgeship, congressional seat , senate, or even presidency.

There is always enough money for bribes, but never enough money for taxes.

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Reply Adelson is willing to pay 400 million to oust Obama. Would his tax bill be that high? (Original post)
SoCalDem Jun 2012 OP
RZM Jun 2012 #1
tblue Jun 2012 #2
ProgressiveEconomist Jun 2012 #3
aquart Jun 2012 #4
JDPriestly Jun 2012 #11
Raine Jun 2012 #5
SoCalDem Jun 2012 #6
KharmaTrain Jun 2012 #7
Yo_Mama_Been_Loggin Jun 2012 #8
12ZTR Jun 2012 #9
Jamaal510 Jun 2012 #10
GeorgeGist Jun 2012 #12
Prometheus Bound Jun 2012 #13

Response to SoCalDem (Original post)

Wed Jun 27, 2012, 02:37 AM

1. Thanks for this post. I've thought about this as well

 

If the issue is money, then it's odd to spend more than you would lose if the other side wins. Which leads me to believe it's not entirely about the money. I think it's more about power and influence for its own sake.

People like Adelson want to be players. And they are willing to pay top dollar to attain that status.

What DO you do after 40?

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Response to RZM (Reply #1)

Wed Jun 27, 2012, 02:41 AM

2. Yep. Good point. It's about POWER & INFLUENCE

and no amount is too much.

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Response to SoCalDem (Original post)

Wed Jun 27, 2012, 02:46 AM

3. Maybe he wants Federal gambling legislation that would bring him tens of billions in profits--

such as Federal legalization of internet gambling and casinos in every state, putting Native Americans out of the business.

Ever seen the Jack Abramson movie, "Casino Jack"? There's big money in Adelson's industry, and federal and state laws and regulators are in the way.

$40 billion in return for a mere $400 million outlay would be a great rate of return.

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Response to SoCalDem (Original post)

Wed Jun 27, 2012, 02:52 AM

4. Or is Adelson merely the laundryman?

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Response to aquart (Reply #4)

Wed Jun 27, 2012, 05:07 AM

11. That is my theory.

It isn't about saving on taxes.

It could be about kickbacks and under-the-table deals, ordinary influence-buying. That's a pretty good guess.

It could be about influence from very influential foreign sources too. That is quite likely.

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Response to SoCalDem (Original post)

Wed Jun 27, 2012, 02:52 AM

5. His whole thing must be to bust the Vegas unions but with the amount of money he has

he should have enough to pay union wages to casino employees!

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Response to Raine (Reply #5)

Wed Jun 27, 2012, 02:57 AM

6. Exactly... It's all mean-spiritedness

He (and his) have more than they would ever live long enough to spend, but he begrudges hotel maids & waitresses a decent living.

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Response to Raine (Reply #5)

Wed Jun 27, 2012, 03:09 AM

7. He Also Has A Lot Of Money Offshore...

He has interests in casinos in Macau (currently under investigation)...$400 million out to bring several billion back in tax free? Add that to busting the Vegas unions and throwing unlimited money at his Likudnik buddies in Israel and I'm sure Adelson thinks his money is going to good use. Here's hoping he comes up with nothing...and then tax reform is passed that hikes his taxes to 35% with no loopholes. I can dream...

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Response to SoCalDem (Original post)

Wed Jun 27, 2012, 03:54 AM

8. He's a neocon.

And wants to US to invade Iran to protect Israel.

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Response to SoCalDem (Original post)

Wed Jun 27, 2012, 04:49 AM

9. Money

 

That's what it's about. Stop spending money in Republican TeaCon businesses & the Wingnuts will understand the power of money.

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Response to SoCalDem (Original post)

Wed Jun 27, 2012, 05:06 AM

10. There's a saying...

"you have to spend money to make money." Sheldon Adelson, the Koch Bros, Karl Rove, and others are simply making it rain now so they can pay less later under a President Romney.

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Response to SoCalDem (Original post)

Wed Jun 27, 2012, 07:06 AM

12. He always wins ...

in Vegas.

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Response to SoCalDem (Original post)

Wed Jun 27, 2012, 07:37 AM

13. His Macau Sands company lost 5.4% today. I think that's over a billion.

...on rumours China may cut back on individual visits to Macau and reduce the spending limit on the China Union Pay credit cards used by many Chinese to withdraw cash in Macau.

He He, Ha Ha, Har har!

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