$90,000 in credit card fees - page 3.

molecular

donator

Activity: 2772

Merit: 1019

Quote from: P4man on December 17, 2011, 04:26:13 AM

Quote from: Bitcoin 100 on December 17, 2011, 02:46:15 AM

Then again, how much is being donated by all the credit cards companies toward all the political candidates nationally,

Good point.

Quote

let alone worldwide?

I wonder how many other countries have legalized corporate bribery. AFAIK this is pretty much a US thing.

No, it's done everywhere. The extent of the openness varies, however.

ineededausername

hero member

Activity: 784

Merit: 1000

bitcoin hundred-aire

Quote from: MysteryMiner on December 17, 2011, 12:17:41 PM

The politicans of power are not sponsored by ordinary people and credit cards. They are directed by shadowy organizations, you might call them zionists, illuminati, freemasons. The Obama is only a puppet in theyr hands.

fun fact: this guy is a nazi (and I'm entirely serious!)
who knew that Bitcoin would attract such people Tongue

MysteryMiner

legendary

Activity: 1512

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Death to enemies!

The politicans of power are not sponsored by ordinary people and credit cards. They are directed by shadowy organizations, you might call them zionists, illuminati, freemasons. The Obama is only a puppet in theyr hands.

P4man

hero member

Activity: 518

Merit: 500

Quote from: Bitcoin 100 on December 17, 2011, 05:03:38 AM

Payola is not confined to just the US.

The sheer scale of it among functional democracies is uniquely American though, at least AFAIK everywhere else corporate donations are severely restricted and/or requiring full disclosure. Political parties receive the majority of their funds from public means and individuals, and even if they were allowed, accepting significant corporate bribes would cost them dearly in elections. Where I live political parties receive finance in function of their electorate, so they get paid for votes, not the other way around with corporations or financial elite buying votes.

Stephen Gornick

legendary

Activity: 2506

Merit: 1010

Heh, the campaign can lose even more than 3% from people like me who selected PayPal as the payment method. The fee to the recipient is 2.9% + $0.30 per-transaction. Which keeps the rate at more than 3% for any donation under $300 USD.

Bitcoin 100

member

Activity: 84

Merit: 10

Quote from: P4man on December 17, 2011, 04:26:13 AM

Quote from: Bitcoin 100 on December 17, 2011, 02:46:15 AM

Then again, how much is being donated by all the credit cards companies toward all the political candidates nationally,

Good point.

Quote

let alone worldwide?

I wonder how many other countries have legalized corporate bribery. AFAIK this is pretty much a US thing.

Payola is not confined to just the US.

P4man

hero member

Activity: 518

Merit: 500

Quote from: Bitcoin 100 on December 17, 2011, 02:46:15 AM

Then again, how much is being donated by all the credit cards companies toward all the political candidates nationally,

Good point.

Quote

let alone worldwide?

I wonder how many other countries have legalized corporate bribery. AFAIK this is pretty much a US thing.

evoorhees

legendary

Activity: 1008

Merit: 1023

Democracy is the original 51% attack

Quote from: ?? on ??

I wonder how much of that money will be spent by credit card on purchases for the campaign and incur another round of 3%?

Now that is a very good point...

Bitcoin 100

member

Activity: 84

Merit: 10

Quote from: Serge on December 17, 2011, 03:15:29 AM

we should thank credit cards for not charging 10% for the privilege

Interesting! A thank you petition campaign, consisted of a collection of signatures, expressing to the credit card companies their warm-heartedness for not charging 10% for the privilege of using their services. Genius!

Of course, this would lead to the Un-Occupy Banks movement. (UOB, for short--U Otiose Bastards!)

notme

legendary

Activity: 1904

Merit: 1002

Quote from: Serge on December 17, 2011, 03:15:29 AM

we should thank credit cards for not charging 10% for the privilege

Yeah! They're the true heros here.

Serge

legendary

Activity: 1050

Merit: 1000

we should thank credit cards for not charging 10% for the privilege

Bitcoin 100

member

Activity: 84

Merit: 10

Quote from: ?? on ??

WTF! That's alot of money!

(Haha, Phinnaeus, I had to do it, now you can say you made a Mormon go WTF

)

I wonder how much of that money will be spent by credit card on purchases for the campaign and incur another round of 3%?

Then again, how much is being donated by all the credit cards companies toward all the political candidates nationally, let alone worldwide?

Phinnaeus Gage

legendary

Activity: 1918

Merit: 1570

Bitcoin: An Idea Worth Spending

That's a neat way putting it into prospective. It'll give any politician pause to see $90,000 not interring their funding stream. Would even cause a Mormon to decry, "WTF!"

evoorhees

legendary

Activity: 1008

Merit: 1023

Democracy is the original 51% attack

Today, Ron Paul had a moneybomb donation campaign.

As of the time of this writing, he's raised over $3,000,000, all from credit card donations. At a 3% credit card/merchant account fee, that means $90,000 was wasted tonight just to MOVE the money digitally from donor's digital currency bank accounts to Ron Paul's digital currency bank account.

$90,000!

Bitcoin, the world needs you immediately.

Topic: $90,000 in credit card fees - page 3. (Read 5362 times)