Omg.. Krystal Ball Strikes Again..(Praising Gabbard & Slamming EW)

[lapucelle]

3. Krystal Ball pays herself with the money billionaires donate to her PAC

Is Krystal Ball's PAC a fresh approach or a get-rich scheme?

A new Democratic group — one with support from Democratic congressmen and three of the biggest names in the tech industry — is testing the boundary between a new approach to politics and a self-enriching scam.

When the People’s House Project launched last May, founder Krystal Ball billed it as an organization that would defy old conventions and show Democrats a new model for winning campaigns. The former MSNBC host said her political action committee would support longshot candidates who embraced economic populism and lacked a political background — the kind of office-seekers who normally don’t receive support from party leaders.

But thus far, nobody has benefited more financially from the group than Ball herself. Of the $445,000 Ball raised for the group, she paid herself more than a third of that — $174,000 — in salary, according to documents filed with the Federal Election Commission. The majority of her salary — $104,000 — came in the first three months of this year alone.

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By rule, PACs are not allowed to accept contributions larger than $5,000. But Ball tweaked the group to become a so-called “Carey” committee (also known as a “Hybrid PAC”), which meant it would also raise contributions in uncapped amounts as long as it didn’t spend that money directly coordinating with campaigns.

That change paved the way for the group’s largest contribution to date, a $250,000 donation in February from Reid Hoffman, the billionaire co-founder of LinkedIn. His donation was quickly followed by another $10,000 contribution that month from tech entrepreneur Sam Altman.

At the end of March, the trio of donations accounted for almost 70 percent of PHP’s $445,000 in total contributions.

https://www.mcclatchydc.com/news/politics-government/article210775574.html