The American Jobs Creation Act is just one example. Not every lobbying effort has a return of 22,000 percent. There are companies that probably lose money lobbying — they spend limited resources on lobbyists and see no benefit in return. But the company-lobbyist-politician ecosystem, Scholz says, is a problem:
We have a situation where we, in essence, invite corporations to buy their own tax rate through lobbying... which ultimately corrupts both the companies and the politicians.
Read more about Alexander and Scholz's study. And listen to our previous podcast in our series about lobbying and U.S. politics.
http://thebeerbarrel.net/showthread.php?11128-Forget-Stocks-Or-Bonds-Invest-In-A-Lobbyist
No comments:
Post a Comment