If we aren't foolish enough to pay for a dollar why are we foolish enough to fall for political lobbying? According to the Internal Revenue Code any non-profit organizations covered under section 501(c)(3) can be denied tax exemptions for participating in such activity unless it is intend to be educational or a encouragement to vote making the deduction lost by lobbying a sunk cost. But if this activity gets our attention then it all pays off.
Link to IRS rule: http://www.irs.gov/charities/article/0,,id=163395,00.html
This video created much understanding for me when it comes to political lobbying. It was amazing for me to see how much somebody would actually pay for a dollar. It was crazy to watch people bid $1.50 to earn only $1.00. In the end, the teacher would of made a lot of money just off of that one dollar. This is what happens in society now and I believe this was a great example.
I thought this was a funny video. I don't know who in there right mind would pay $1.50 for a whole $1. But this shows us how we can buy something for way more than it is valued for. This was a great example, and it seems like people can have fun with it.
I never thought before about how political lobbying is really a game of getting more and more. Yes, I always knew they try to "bribe" certain political figure to vote on issues that more concern them but I didn't know that they actually compete with other PAC's. This is definitely how the Washington game continues to play even to this day.
PS: I would never pay $1.75 for a dollar! Someone must be out of their minds to do it.
If we aren't foolish enough to pay for a dollar why are we foolish enough to fall for political lobbying? According to the Internal Revenue Code any non-profit organizations covered under section 501(c)(3) can be denied tax exemptions for participating in such activity unless it is intend to be educational or a encouragement to vote making the deduction lost by lobbying a sunk cost. But if this activity gets our attention then it all pays off.
ReplyDeleteLink to IRS rule: http://www.irs.gov/charities/article/0,,id=163395,00.html
Nathaniel Weldon
I thought this video was very helpful to understand political lobbying. It caught everyones attention.
ReplyDeleteThis video created much understanding for me when it comes to political lobbying. It was amazing for me to see how much somebody would actually pay for a dollar. It was crazy to watch people bid $1.50 to earn only $1.00. In the end, the teacher would of made a lot of money just off of that one dollar. This is what happens in society now and I believe this was a great example.
ReplyDeleteI thought this was a funny video. I don't know who in there right mind would pay $1.50 for a whole $1. But this shows us how we can buy something for way more than it is valued for. This was a great example, and it seems like people can have fun with it.
ReplyDeleteI never thought before about how political lobbying is really a game of getting more and more. Yes, I always knew they try to "bribe" certain political figure to vote on issues that more concern them but I didn't know that they actually compete with other PAC's. This is definitely how the Washington game continues to play even to this day.
ReplyDeletePS: I would never pay $1.75 for a dollar! Someone must be out of their minds to do it.
Sergei Blair
the video was funny and made me understand lobbying a little bit more.
ReplyDelete