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Here's a breakdown by industry for 2024: Finance largest at $50mm, healthcare at $30mm, agriculture at $20mm. I'm not familiar enough with the details to claim

by qqqult 2y ago

Here's a breakdown by industry for 2024: Finance largest at $50mm, healthcare at $30mm, agriculture at $20mm. I'm not familiar enough with the details to claim that the numbers in OP take the #1 spot but they're definitely in the top 3 and that's very significant as we've seen with the recent change of tone from parties

roenxi 2y ago
Where are you getting these numbers from? I was looking at https://www.opensecrets.org/industries https://www.opensecrets.org/industries because this site inspired me, it suggest finance/insurance/real estate spent $1,249,076,508 so far in the 2024 election cycle which seems a lot more plausible than $50 million. The risk-reward here suggests industries should be pumping billions into elections. The payoffs for regulatory capture are huge and the crypto people are novices compared to anyone else in finance.
- qqqult 2y ago
  forgot to include the link, I was looking at PAC donations by industry on the same website: https://www.opensecrets.org/political-action-committees-pacs/industry-breakdown/2024 https://www.opensecrets.org/political-action-committees-pacs... I agree with you on the risk/reward of buying influence through donations
  - roenxi 2y ago
    OpenSecrets doesn't make it as easy as it could to analyse all this, but I suspect what that is really telling us is that most of the money doesn't enter the race through PACs. Super PACs [0] seem to be different [1] and bring in about 2x as much money. So I don't think the industry PACs are giving a clear an impression of where money is coming from. My guess is the crypto community isn't outstanding in terms of spend as much as being naive about how to get the money to politicians in a way that gets them the regulation they want. And the players in this game might put some effort into subtlety. [0] https://www.opensecrets.org/outside-spending/super_pacs https://www.opensecrets.org/outside-spending/super_pacs [1] The Make America Great Again Super PAC is ~80 million but the largest on the PAC list is American Crystal Sugar at ~$2 million.

by qqqult 2y ago

roenxi 2y ago

Where are you getting these numbers from? I was looking at https://www.opensecrets.org/industries https://www.opensecrets.org/industries because this site inspired me, it suggest finance/insurance/real estate spent $1,249,076,508 so far in the 2024 election cycle which seems a lot more plausible than $50 million. The risk-reward here suggests industries should be pumping billions into elections. The payoffs for regulatory capture are huge and the crypto people are novices compared to anyone else in finance.

qqqult 2y ago
forgot to include the link, I was looking at PAC donations by industry on the same website: https://www.opensecrets.org/political-action-committees-pacs/industry-breakdown/2024 https://www.opensecrets.org/political-action-committees-pacs... I agree with you on the risk/reward of buying influence through donations
- roenxi 2y ago
  OpenSecrets doesn't make it as easy as it could to analyse all this, but I suspect what that is really telling us is that most of the money doesn't enter the race through PACs. Super PACs [0] seem to be different [1] and bring in about 2x as much money. So I don't think the industry PACs are giving a clear an impression of where money is coming from. My guess is the crypto community isn't outstanding in terms of spend as much as being naive about how to get the money to politicians in a way that gets them the regulation they want. And the players in this game might put some effort into subtlety. [0] https://www.opensecrets.org/outside-spending/super_pacs https://www.opensecrets.org/outside-spending/super_pacs [1] The Make America Great Again Super PAC is ~80 million but the largest on the PAC list is American Crystal Sugar at ~$2 million.