RE: Wikileaks & Assange - Hero or Dis-Info Agent? (Part 3)
Can you explain something to me?
There are some things here that don't add up.
First of all, in the USA you can register as a non-profit company. I will use an example of an electricity provider. There exists in many states electricity providers who are non-governmental and also non-profit. The requirement at the end of each year to stay non-profit, is that you invest the money back into your employees/company or donate it or write off customers bills(low incom people get their stuff paid for).
I am totally not sure of what other companies are considered and required to do in other countries. So I won't speak to that.
I just wanted to know if you could explain this? What does being a "private company"have to do with being non-profit? In the example I gave you this electric company and many like it are private companies and are also non-profit.
For one thing, an electric company is going to be registered as a public utility, not a non-profit.
There are several different types of non-profit organizations, including I believe a 501c4 non-profit that is allowed to lobby (paid lobbyists).
A lot of these "non-profit" organizations are really just a way for the officers to generate income from people willing to reduce their taxable incomes by making "donations" to the non-profit.
The restrictions on how non-profits use the donations is pretty loose, many spend ridiculous amounts of donated money on fundraising, salaries and travel expenses for the officers.
The organization may not be profiting but the people running them make a pretty good living in most cases.
I think some democrats want to make facebook a utility, so if that happens they will have extreme control like the banks.