ArtsAutosBooksBusinessEducationEntertainmentFamilyFashionFoodGamesGenderHealthHolidaysHomeHubPagesPersonal FinancePetsPoliticsReligionSportsTechnologyTravel

Money Laundering - Is This Criminal?

Updated on May 30, 2011

What is Money Laundering?

To my best understanding, money laundering is the process of taking money earned criminally, running it through a number of controlled transactions, ultimately having it land in the accounts of the would-be perpetrators through a legitimate means. Basically it is the process of cleaning the taint off money earned through ill-gotten gains. Takes some pretty clever and smart business people, lawyers and accountants to figure out how to do this. But what if the money was legally taken from you? Is it still money laundering?

Tax Money

Taxes paid by citizens of the US are paid to employees who in some cases required to be in unions. Because they are required to be in unions, they are compelled to pay dues. These dues are then used to fund the campaigns of people who may or may not agree with the politics of either the tax payer or the union member.

Consider this, according to the Wall Street Journal, in 2010 elections the Public Service Employee Unions became the single biggest spender in "independent sector" contributions. What this means is your tax money is being used to support those who would raise your taxes more to pay more money to those who's dues are used to fund the campaigns of those who would give them their raises.

This smacks of a conflict of interest and a legalized form of money laundering in the name of campaign contributions...

Public Sector vs. Private Sector

Here's the real rub. Since the mid 80's private sector unions have shrunk while public sector unions have remained constant in size. In part because if a union is not a good partner for business, the business may go bankrupt. When that happens there is no union. In the public sector, that is never a problem. Governments don't go bankrupt...at least not very often. They just raise taxes, borrow money, print money or whatever they need to do.

This means a constant flow of money into campaigns. An endless spigot of money traced right out of the taxpayers pockets. It makes no matter if the public sector unions are good business partners or not...governments don't go out of business. Politicians come and go but the money spigot is there to stay.

Conclusion

While it is probably a stretch to call this money laundering, it does leave a bad taste in one's mouth. There seems no good answer to making this a reasonable process except to cut off the flow of money. The only way to cut off the flow of money, is to restrict the union's ability to collect dues from those who don't agree with the politics of the union. The free speech rights accorded unions can not be restricted...and should not. The amount of money they have to spend can.

Comments

    0 of 8192 characters used
    Post Comment

    • Tom T profile imageAUTHOR

      Tom T 

      6 years ago from Orange County, CA

      @Ruffrider - thanks for stopping by. I do wish more attention were focused on this issue. Seems to have died down once the whole thing in Wisconsin died down.

    • profile image

      ruffridyer 

      6 years ago from Dayton, ohio

      A good hub on an important issue.

    • profile image

      Marcella Glenn 

      7 years ago from PA

      Very interesting hub.

    • Tom T profile imageAUTHOR

      Tom T 

      7 years ago from Orange County, CA

      @dahoglund - I seem to recall that some time ago you were in a union or somehow tied to one. Glad to have your input and yes legal coercion and no say in where your money goes. Why not allow competition in unions? Don't like the one with lots of fat cats and high dues? Join the $19.95 bare bones union. Same benefits, no fat cats and no slush fund for politicians. You keep your money and give it to the politician of your choice. Oh well thanks for stopping by.

    • dahoglund profile image

      Don A. Hoglund 

      7 years ago from Wisconsin Rapids

      What I don't like is the coercion. Many years ago I worked for a state on the bottom of the ladder. I did not want to join the union but found that I had to pay whether I belonged to it or not.I am for right to work laws.

    working

    This website uses cookies

    As a user in the EEA, your approval is needed on a few things. To provide a better website experience, hubpages.com uses cookies (and other similar technologies) and may collect, process, and share personal data. Please choose which areas of our service you consent to our doing so.

    For more information on managing or withdrawing consents and how we handle data, visit our Privacy Policy at: https://hubpages.com/privacy-policy#gdpr

    Show Details
    Necessary
    HubPages Device IDThis is used to identify particular browsers or devices when the access the service, and is used for security reasons.
    LoginThis is necessary to sign in to the HubPages Service.
    Google RecaptchaThis is used to prevent bots and spam. (Privacy Policy)
    AkismetThis is used to detect comment spam. (Privacy Policy)
    HubPages Google AnalyticsThis is used to provide data on traffic to our website, all personally identifyable data is anonymized. (Privacy Policy)
    HubPages Traffic PixelThis is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.
    Amazon Web ServicesThis is a cloud services platform that we used to host our service. (Privacy Policy)
    CloudflareThis is a cloud CDN service that we use to efficiently deliver files required for our service to operate such as javascript, cascading style sheets, images, and videos. (Privacy Policy)
    Google Hosted LibrariesJavascript software libraries such as jQuery are loaded at endpoints on the googleapis.com or gstatic.com domains, for performance and efficiency reasons. (Privacy Policy)
    Features
    Google Custom SearchThis is feature allows you to search the site. (Privacy Policy)
    Google MapsSome articles have Google Maps embedded in them. (Privacy Policy)
    Google ChartsThis is used to display charts and graphs on articles and the author center. (Privacy Policy)
    Google AdSense Host APIThis service allows you to sign up for or associate a Google AdSense account with HubPages, so that you can earn money from ads on your articles. No data is shared unless you engage with this feature. (Privacy Policy)
    Google YouTubeSome articles have YouTube videos embedded in them. (Privacy Policy)
    VimeoSome articles have Vimeo videos embedded in them. (Privacy Policy)
    PaypalThis is used for a registered author who enrolls in the HubPages Earnings program and requests to be paid via PayPal. No data is shared with Paypal unless you engage with this feature. (Privacy Policy)
    Facebook LoginYou can use this to streamline signing up for, or signing in to your Hubpages account. No data is shared with Facebook unless you engage with this feature. (Privacy Policy)
    MavenThis supports the Maven widget and search functionality. (Privacy Policy)
    Marketing
    Google AdSenseThis is an ad network. (Privacy Policy)
    Google DoubleClickGoogle provides ad serving technology and runs an ad network. (Privacy Policy)
    Index ExchangeThis is an ad network. (Privacy Policy)
    SovrnThis is an ad network. (Privacy Policy)
    Facebook AdsThis is an ad network. (Privacy Policy)
    Amazon Unified Ad MarketplaceThis is an ad network. (Privacy Policy)
    AppNexusThis is an ad network. (Privacy Policy)
    OpenxThis is an ad network. (Privacy Policy)
    Rubicon ProjectThis is an ad network. (Privacy Policy)
    TripleLiftThis is an ad network. (Privacy Policy)
    Say MediaWe partner with Say Media to deliver ad campaigns on our sites. (Privacy Policy)
    Remarketing PixelsWe may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.
    Conversion Tracking PixelsWe may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.
    Statistics
    Author Google AnalyticsThis is used to provide traffic data and reports to the authors of articles on the HubPages Service. (Privacy Policy)
    ComscoreComScore is a media measurement and analytics company providing marketing data and analytics to enterprises, media and advertising agencies, and publishers. Non-consent will result in ComScore only processing obfuscated personal data. (Privacy Policy)
    Amazon Tracking PixelSome articles display amazon products as part of the Amazon Affiliate program, this pixel provides traffic statistics for those products (Privacy Policy)