JimBowie1958
Old Fogey
- Sep 25, 2011
- 63,590
- 16,767
- Thread starter
- #41
Billionaires bankrolling 2016 campaign to unprecedented degree Fox News
"Billionaires are bankrolling the early days of the 2016 presidential campaign to an unprecedented degree, with at least 40 of the wealthiest Americans plowing $60 million into super PACs aligned with the top tier of candidates.
The torrent of super PAC money is revolutionizing presidential politics in the wake of a 2010 Supreme Court ruling that opened the door to unlimited contributions from corporations, unions and individuals into these outside groups.
Super PACs backing 17 presidential candidates raised more than $250 million in the first six months of this year, roughly doubling the $125 million raised by the candidates for their campaigns, disclosure reports filed Friday with the Federal Election Commission show."
This is stupid. Corporations and the wealthy elites are trying to buy our elections.
I think it is time for publicly funded campaigns. And the amount should be something reasonable, like 10 million tops for each candidate. Or less.
Money is ruining the democratic process in the U.S. ON BOTH SIDES. A personal limit of $2500 sounds reasonable.
I could not possibly agree with you more, other than to totally ban all campaign finance cvompletely.