From: Greg Broiles <gbroiles@darkwing.uoregon.edu>
Date: Mon, 18 Dec 1995 15:32:16 +0800
To: jim bell <jimbell@pacifier.com>
Subject: Re: Political Cleanup program
Message-ID: <199512180553.VAA12388@darkwing.uoregon.edu>
MIME-Version: 1.0
Content-Type: text/plain


At 07:35 PM 12/17/95 -0800, you wrote:

>Here's a question I have never heard anyone else ask (or answer!).  "What is
>the purpose of a PAC?
>
>To be more specific, a PAC simply seems to be a funnel through which
>individual donations flow; why do we need a PAC?  Is it to keep records of
>"who's naughty and nice"?  Any contribution that can be made by a PAC could
>just as easily be made by one individual.

PACs are to politics what mutual funds are to investing - that is, a
mechanism for investors to diversify their holdings, and to allow for the
managers of those holdings to use their expert/specialized knowledge to
achieve better returns (at the cost of some frictional skimmings-off) than
individuals would on their own. 

But I'm not sure what this has to do with C-punks any longer. 
--
"The anchored mind screwed into me by the psycho-  | Greg Broiles
lubricious thrust of heaven is the one that thinks | gbroiles@netbox.com
every temptation, every desire, every inhibition." | 
	-- Antonin Artaud		   	   |