billionaires like sheldon adelson and charles and david koek became very famous in the last electioning tens of millions of dollars in the into the campaign. some of their money was unreported because it was funlted through nonprofits. organizations nontaxed by the federal government. they don't have the same requires as traditional political organizations to disclose where they get their money. karl rove's nonprofit group is estimated to have spent almost a billion dollars since 2010 on various financial campaigns. the group americans for prosperity prosperity, they have been spending millions as well. sheldon adelson has given tens of millions to -- those groups which take the millions and millions and millions of dollars especially from big dollar donor donors and they use it for various cam pains, those groups remain untaxed under the guise of social welfare organizations. political operations funded by undiscloseded donors at least for the moment are considered to work for the cause of social welfare and that's how you get a billion dollars where you don't know where it came fro

sheldon adelson has given tens of millions to many organizations. groups which take the millions and millions and millions of dollars especially from big dollar donors and they use it for various campaigns, those groups remain untaxed under the guise of social welfare organizations. political operations funded by undisclosed donors at least for the moment are considered to work for the cause of social welfare and that's how you get a billion dollars where you don't know where it came from or what's to become of the organization who made it happen. today the obama administration proposed new rules to specify exactly how much and what kind of political activity these wealthy nonprofit groups could engage in and still qualify as tax exempt social welfare groups. these new rules would not just set clearer limits on spending, they would prevent these groups from funding political ads that appear two months before an election. that couldn't be considered social welfare activity anymore. if these new rules are adopted, could they represent the first effect

million dollars twenty million dollars of the course a year there are going to necessarily be sheldon adelson put in get one hundred million dollars but they're going to play at some level i think we're seeing more and more on both sides the aisle by the way democrats and republicans conservatives and liberals i'm working very hard in the reform cause right now and a lot of the progressives who are very wealthy are funding that so we see a lot more in our politics now some would argue that this is. kind of what's happened you know i mean that's a very aggressive there are many i don't think it's quite as bad but i know where it's i think we have is and we've always had it by the way in every society it's not just in america the elites of every society have an outsized influence over that society it's just been the case everywhere what's different about america perhaps the modern american experience democracy is that at least the common folks all of us we get to vote so what they're elites are doing they're actually not petitioning miss sarah lee the government all the time their petition enou

yes sheldon adelson and then on the other side you have george soros seeking his sort of policies but underneath them you have in america you have twenty five thousand surplus lawyers graduating every single year from universities twenty five thousand many people who go in for law degrees plan on becoming politicians at some point so here they graduate with no jobs available and huge debts for the law schools in america so they're anxious they're angry they're bitter now i mentioned the civil war in america that had a similar situation well let's look back to that time from eight hundred thirty to eight hundred sixty. the number of new yorkers and bostonians with fortunes of at least one hundred thousand dollars which would make them multimillionaires today increased five fold many of these new rich or their sons had political ambitions but the government especially the presidency senate and supremes court was dominated by the southern elites as many northerners became frustrated and embittered the southerners also felt the pressure and became increasingly defensive so there was an em

yes sheldon adelson and then on the other side you have george soros seeking his sort of policies but underneath them you have in america you have twenty five thousand surplus lawyers graduating every single year from universities twenty five thousand many people who go in for law degrees plan on becoming politicians at some point so here they graduate with no jobs available and huge debts for the law schools in america so they're anxious they're angry they're bitter now i mentioned the civil war in america that had a similar situation well let's look back to that time from eight hundred thirty to eight hundred sixty. the number of new yorkers and bostonians with fortunes of at least one hundred thousand dollars which would make the multimillionaires today increased five fold many of these new rich or their sons had political ambitions but the government especially the presidency senate and supremes court was dominated by the southern elites as many northerners became frustrated and embittered the southerners also felt the pressure and became increasingly defensive so there was an eme

million dollars twenty million dollars of the course a year there are going to necessarily be sheldon adelson and put in get one hundred million dollars but they're going to play at some level i think we're seeing more and more while both sides the aisle by the way democrats and republicans conservatives and liberals i'm working very hard in the reform cause right now and a lot of the progressives who are very wealthy are funding that so we see a lot more in our politics now some would argue that this is. kind of what's happened you know i mean that's a very aggressive there are many that i don't think it's quite as bad but i know where it's i think we have is and we've always had it by the way in every society not just in america the elites of every society have an outsized influence over that society it's just been the case everywhere what's different about america perhaps the modern american experience democracy is that at least the common folks all of us we get to vote so what their elites are doing they're actually not petitioning the sara lee the government all the time their petition e

million dollars twenty million dollars in the course of a year there are going to necessarily be sheldon adelson and put in. hundred million dollars but they're going to play at some level i think we're seeing more and more on both sides the aisle by the way democrats and republicans conservatives and liberals i'm working very hard in the reform cause right now and a lot of the progressives who are very wealthy are funding that so we see a lot more in our politics now some would argue that this is. kind of what's happened you know i mean that's a very aggressive there are many that i don't think it's quite as bad but i know where it's i think we have is and we've always had it by the way in every society it's not just in america the elites of every society have an outsized influence over that society it's just been the case everywhere what's different about america perhaps the modern american experience democracy is that at least the common folks all of us we get to vote so what they're elites are doing they're actually not petitioning the sara lee the government all the time their petition enou

you have sheldon adelson, the guy in charge of las vegas sands who says online gambling could be a cancer maybe he has an axe to grind but it's still an important topic to discuss. >> i totally disagree. the amount of technology that is employed and programs which are written to actually watch every customer and every act that they make, we have a system, a thing called the observer system, that has algorithms built in. if people change their normal habits, we immediately contact them. we immediately review with them, and at certain stages we'll actually close their site down. >> i wonder if any of this new technology will be a help or at least get in the way -- or protect people, we should say, from themselves. you made the important point. thank you for joining us this afternoon. we'll be watching shares, watching the company and keeping an eye on the garden state. >> thank you very much, indeed. >> the story is burning up the story right now. cnbc hot list is next. hi honey, did you get the toaster cozy? yep. got all the cozies. [ grandma ] with new fedex one rate, i could fill a box a

yes sheldon adelson and then on the other side you have george soros seeking his sort of policies but underneath them you have in america you have twenty five thousand surplus lawyers graduating every single year from universities twenty five thousand many people who go in for law degrees plan on becoming politicians at some point so here they graduate with no jobs available and huge debts for the law schools in america so they're anxious they're angry they're bitter now i mentioned the civil war in america that had a similar situation well let's look back to that time from eight hundred thirty to eight hundred sixty. the number of new yorkers and bostonians with fortunes of at least one hundred thousand dollars which would make the multimillionaires today increased five fold many of these new rich or their sons had political ambitions but the government especially the presidency senate and supremes court was dominated by the southern elites as many northerners became frustrated and embittered the southerners also felt the pressure and became increasingly defensive so there was an eme

big money, gop donor, sheldon adelson said it's not good.a monday mornin' feel like a friday afternoon with some nestle toll house morsels. let's close our laptops and open our ovens. these things don't bake themselves. we have to bake them for one another. we can bake the world a better place one toll house cookie at a time. nestle. good food, good life. nestle. i'to guard their manhood with trnew depend shields and guards. the discreet protection that's just for guys. now, it's your turn. get my training tips at guardyourmanhood.com >>> the state of new jersey begins a five-day test run leading to a full rollout next week of gambling. they plan to tax it at 10%. online gambling is also legal in nevada and delaware and on the federal level there's two bills have been introduced to legalize it. but not everyone is ready to roll the dice. including opponents with the coalition to stop internet gambling, born by casino mogul adelson. it could be a $9 billion business by 2020 and that's more than vegas and atlantic city combined. so what does y

and so, we see people like sheldon adelson, who says he's for socialized medicine, believes in science has all sorts of other viewpoints that people say, well, this guy should be a liberal democrat. but concedes when i'm investing in candidates, i'm looking for someone that's going to deal with taxes and i don't like labor unions. the koch brothers, if you looked at some of the koch brothers' donations they make, you know, they're against the patriot act. they're concerned about militarism. they're for gay marriage. they're concerned about marijuana laws. they want to legalize marijuana. you look at all these things they support and well, these guys must be hanging out with george soros. then you look at the candidates they support, without exception. and the criteria for their candidates in all the election support are very simple. are you going to lower my taxes? are you going to weaken labor? are you going to make sure there's no regulation of business? are you going to basically do stuff that supports our business and our view of how business should dominate society? and so, they e