Jim Manis on Most Anything

Jim Manis can formulate an opinion about a good many things, including those about which he has little knowledge. (And some dude named "Lazlo.") Visit The MagicFactory.

Sunday, June 24, 2012

Who Owns the Republican Party?


The Koch bothers bought up the T-party, but casino owner Sheldon Adelson has gone them one better. He bought out the whole Republican party, and he's continuing to invest in it to keep his taxes lower than yours.

Adelson pays a very low 9.8 percent in federal taxes, due to the fact that most of his empire exists overseas, not in Las Vegas.

You might remember Adelson is the guy who kept Newt Getrich's failed run at the Republican nomination alive to the tune of $20 million. Currently, he's spent more than $60 million to buy the Republican party; at least that's the minimal amount The New York Times is reporting. Following the Supreme Court ruling that made it possible for the ultra rich to destroy democracy by secretly spending unlimited funds, no one but Adelson really knows the exact figure he's donated to this point, with months remaining for him to spend from his cache of over $25 billion.

And, yes, it's about Israel too. But he'll come up short there. His goals in that regard are beyond anyone's pale.

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