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Quixote1818

(28,928 posts)
Fri Dec 21, 2018, 02:33 PM Dec 2018

So if the border wall go-fund me gets to say a few billion and ends up in the general fund


then as we know pet projects for wealthy donors and who knows what will just gobbler that shit right up. Does anyone think the Trump supporters who donated billions will still get a clue?
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So if the border wall go-fund me gets to say a few billion and ends up in the general fund (Original Post) Quixote1818 Dec 2018 OP
I doubt it would be gifted to the general fund. WeekiWater Dec 2018 #1
It won't get there. It won't ever get near $1 Billion. MineralMan Dec 2018 #2
It's possible it could reach a billion Quixote1818 Dec 2018 #5
Yes. I'm watching it, too. MineralMan Dec 2018 #6
After news of his charity being shut down, you would think they would already have a clue ProudLib72 Dec 2018 #3
Donations processing carries a 2.9% + $0.30 per donation fee. Turbineguy Dec 2018 #4
Doesn't GoFundMe give the donations to the recipeint, even if goal not reached? question everything Dec 2018 #7
 

WeekiWater

(3,259 posts)
1. I doubt it would be gifted to the general fund.
Fri Dec 21, 2018, 02:35 PM
Dec 2018

The only way it would be gifted is if Pelosi set out clear guidelines for it's use in an appropriations bill. That will never happen.

MineralMan

(146,286 posts)
2. It won't get there. It won't ever get near $1 Billion.
Fri Dec 21, 2018, 02:35 PM
Dec 2018

All that money will have to be refunded to the donors. Mathematically, it's hard to see how crowdfunding could generate even a single billion dollars. The math just doesn't work.

Quixote1818

(28,928 posts)
5. It's possible it could reach a billion
Fri Dec 21, 2018, 02:49 PM
Dec 2018

In just a few days it is already over 1% there and it's funding faster every day. At the current rate it would be at a billion in about 9 months. However, it is probably going to peak in a month or two then run out of steam.

MineralMan

(146,286 posts)
6. Yes. I'm watching it, too.
Fri Dec 21, 2018, 02:56 PM
Dec 2018

Like you, I think the curve will flatten out before long. 1% is a very small number, really, especially at that scale Maintaining the momentum required to grow to 1000 Million dollars is going to be a very tough job. I just can't imagine it succeeding.

I think it will settle out at something like $25 million and then go flat. But even if it gets to $100 million, that's still only a tenth of the way to the first billion.

ProudLib72

(17,984 posts)
3. After news of his charity being shut down, you would think they would already have a clue
Fri Dec 21, 2018, 02:37 PM
Dec 2018

But no, they don't care.

You have to imagine they are watching this new go-slush-fund me carefully, but it would not surprise me in the least if he tries to make off with most or all of it. "Well, I had to pay my lawyers to keep me out of prison so I could eventually build that wall. Therefore, it is actually going toward building the wall."

Turbineguy

(37,319 posts)
4. Donations processing carries a 2.9% + $0.30 per donation fee.
Fri Dec 21, 2018, 02:40 PM
Dec 2018

That's $29 million per $1 billion for a max of $145 million. If they get all those who voted for Trump to donate, that would be an additional $20 million in fees.

On the other hand, if the effort fails, gofundme.com would be badly hurt. Those Russian donors are going to want their money back.

question everything

(47,470 posts)
7. Doesn't GoFundMe give the donations to the recipeint, even if goal not reached?
Fri Dec 21, 2018, 03:09 PM
Dec 2018

Hey, if people want to donate their own money let them.

One more indication of a dysfunction government.

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