Where does ACORN get its money? Overwhelmingly, from two sources — tax dollars given to it by leftist politicians and through extortion. Yes, extortion, as Professor Thomas DiLorenzo explains in this article.
The extortion is more of what Bastiat called legal plunder. Under the Community Reinvestment Act, activist groups like ACORN have the power to threaten banks with deals they can’t refuse: give us lots of money or else we will call down federal regulators on you.
In a properly functioning society, groups like ACORN would have to raise money from willing donors. If that were the case, it would probably be microscopic.
