Vivek Ramaswamy Fundraising Program Allows Donors to Earn 10% Commission of Donations They Raise
By participating, you become an independent contractor for the Vivek campaign or its agents. Therefore, you “agree to pay any applicable federal, state, or local taxes on those funds.”
Republican presidential candidate Vivek Ramaswamy’s new fundraising program, Vivek’s Kitchen Cabinet, allows donors to earn a 10% commission of the money they bring in.
It’s not quite a pyramid scheme since it’s missing some aspects, but this is still weird:
Calling all go-getters who support Vivek’s America First 2.0 vision for the country. Get some skin in the game $$$.
Join the Vivek Kitchen Cabinet Team. Our program leverages the power of peer-to-peer relationships to promote small dollar donations and bundling. Members get a cut of the donations they bring in. More support for Vivek is more money in your pocket $$$. To join, simply fill out our form and get verified by our team.
It’s a sales commission.
Vivcek said the program is a way to “democratize political fundraising.”
“As a political outsider and first-time candidate, I was stunned to discover the degree to which the political class cashes in on the electoral process. I found out that most professional political fundraisers get a cut of the money they raise — why should they monopolize political fundraising? They shouldn’t,” Ramaswamy said in a press release given to The Washington Examiner.
I guess that makes the program make a little more sense. I’m not well versed in campaign finance laws, but I still wonder how this would work on the state level more than the federal level.
Vivek offers the following:
- A dedicated fundraising link to achieve their goals
- Earn 10% per donation attributed to their dedicated link
- A personal dashboard to track their progress
- Special awards and incentives, such as a personalized donation page, exclusive campaign swag, a personal call with Vivek, and invites to special events
Vivek put some important information below the form. By participating, you become an independent contractor for the Vivek campaign or its agents. Therefore, you “agree to pay any applicable federal, state, or local taxes on those funds.”
But if this works, then we might see future campaigns operate differently.
DONATE
Donations tax deductible
to the full extent allowed by law.
Comments
Is this a pyramid scheme?
It’s clearly not a pyramid scheme because it doesn’t rely on future contributions to pay sums to those who earn the commission.
Yes it does, it’s set up with more benefits “special incentives “
WhT could that be—-$$$
Earn 10% per donation attributed to their dedicated link
A personal dashboard to track their progress
Special awards and incentives, such as a personalized donation page, exclusive campaign swag, a personal call with Vivek, and invites to special events
Those incentives (listed in the article) appear not to be monetary. So the campaign isn’t offering a Ponzi-type money-making scheme. And this wouldn’t necessarily be so even if it was. (For instance, by offering campaign contribution bundlers an extra percentage every time certain contribution benchmarks are met. This incentive could be determined on the bundler’s own performance singularly, or with consideration of the bundlers’ performance as a group. In other words, the money will be skimmed from actual contributions and is not a promise of more money to all than it is possible to generate via the scheme, making it NOT a Ponzi scheme.)
No, it’s not a pyramid scheme. The person taking a 10% cut of every dollar he takes in does not get a dime if one of his donors starts raising money. This no different than commission sales on any product with Vivek’s campaign the product
Sorry didn’t see you addressed it but it sure looks like a scam to
Me
“10% Commission of Donations”
That is very generous of him. Perhaps Hunter showed him how to do it properly by setting up a shell company and introduced him to one of his bankers.
Exactly
Liberal bundlers don’t have those issues.
Professional fundraisers take much more. I think this is an inventive way to raise money. Many professional politicians have their family members taking a percentage for doing nothing.
For all you dopey Trump lovers, google this past October’s Bloomberg story describing how Trump spent 91 cents for every dollar raised. That’s HUUUUGE!
The idea behind campaign fund raising is to have money to spend. The only question is What did he spend it on?
Whoever get the nomination: Vivek for VP!!
Vivek is a Yale Law graduate, so despite the school’s far-left tilt, we know he’s smart and he knows the law.
I have a different point to make about Vivek. He is from Ohio, instead of running for the Presidency, he should run in 2024 for the Senate seat that Comrade Sherrod Brown now holds.
I’m still pondering Vivek. He’s saying the right things, but there’s the Soros connection (perhaps unfair because I don’t know the precise conditions of the scholarship) plus a certain glibness that puts me off a little. OTOH, he’s obviously impressing a lot of people, because he’s moving up in the polling. Clearly he’s having a fundraising problem or he/his campaign wouldn’t be coming up with schemes like this.
He’s a billionaire, he can afford the primary run, just like President Trump
No need to go slimy
Since both Trump and Ramaswamy are super wealthy individuals are you saying they should fund their primary campaigns exclusively out their own pockets?
Yes, because then they won’t be “bought.” Or something.
Silly goose. Since you and your fellow Trumpbots have already declared that you won’t vote for anyone other than your messiah, your input into this discussion is irrelevant. As far as slimy is concerned, nobody is slimier than a candidate who smears anyone who disagrees with him like Trump does.
Anyway, there’s no hurry. The Texas primary isn’t until next March, and by then the field will be whittled down considerably.
I’ve listened to Vivek on a couple of podcasts including POTP with Dave Smith last week. Unlike other candidates he is very specific about what he is going to do as President and how he is going to get it done citing current law, precedence and Constitutional authority. Things like abolish the Dept of Education, cut the federal workforce by 75% using the OPM, changing language in appropriation bills to reign in spending, abolish the FBI and put its job into other agencies, clean house at State, CIA and everywhere else.
Probably won’t be able to get half of what he is proposing done but at least he is telling us what he is going to do as President not run around name calling
Vivek Ramaswamy is my backup plan. Sort of a plan b should candidates 1A and 1B (Trump/DeSantis) both implode. That could change as we progress into the primary campaign and we begin seeing debates and the candidates defending their policies v each other.
I am thinking along the same lines right now.
I sent him $10 to stay in the race. His ideas on reforming the bloated bureaucracy should be heard.
Why does it cost so much to BUY your way INTO an office but then so CHEAP later?? Look at the MILLIONS and BILLIONS that are WASTED on these campaigns and how cheaply those in office sell out!! Even “the big guy” has been supposedly purchased for as little as $5 MILLION!! Wouldn’t it be better if those super rich people put their money to better purposes? How about a TAX on Political Contributions rather than a DEDUCTION?? A simple law that would RESTRICT donations to the actual people who are affected by the office and any OUTSIDE money would be taxed at 200%!! If some rich liber wants to toss a $100 MILLION into an election outside his PRIMARY Congressional District or State then it’s 200% TAX and NO DEDUCTION for the first $100 MILLION!! Put these “politicians” back where they belong – in their HOME areas knocking on doors and meeting with their ACTUAL constituents rather than the high dollar hobnobbing fund raisers!!
Candidates already pay people to gather petition signatures. I don’t see a qualitative difference between that and this.
The “independent contractor” part is the usual minefield, of course, but I don’t see how he could do this any differently.