We Did It!
mayday.us
mayday.us
At the same time, well done. $5 Billion dollars raised is an incredible feat. I'm not American, but hopefully if they are successful in actually implementing the changes they propose, other countries will follow suit.
My concern is that if corporate $$ buys less influence in Washington, it might enable them to buy more influence in other places (eg. Canada), and that corporate influence could have a negative effect not only on Canada itself, but retaliatory effects on the US. Think if the Oil industry doesn't get it's way in the US, they start influencing Canadian policy to not ship Canadian oil (or less of it) to the US, resulting in a cost spike for the states. Similar things could happen with other natural resources.
But well done for Lawrence Lessig and the rest of the MayDay gang. As he states, this is just the beginning of a very challenging and amazing initiative.
Could be true. Not to say Canada's campaign financing is perfect.. it is not. But we don't have Super PACs, which is nice.
I am not sure what exactly these guys plan to do (my conviction is any law compatible with the First Amendment can not prevent political spending as public speech on national scale costs a lot of money and content-based regulations on such speech to exclude political speech are in direct contradiction with current understanding of First Amendment both by the courts and the public) and their descriptions are very vague ("agnostic about the specific legislation") - I don't think 5 million is going to take them too far. They might support some candidates from the left that already campaign on the issue of "big money stole our politics" (while taking big money like everybody else of course) but those guys were already for it anyway, and I don't think you can tip too many congressional elections with 5 million. We'll see I guess.
[1] http://www.cnbc.com/id/49550998/ [2] http://ballotpedia.org/California_Proposition_8,_the_%22Elim...
It's compatible with the idea that super PACs are legal, but provides a more voter-friendly alternative source of funding.
1) Most likely there are diminishing marginal returns from more advertising. That is true in most industries, based on may understanding (I have no expertise in the field). I suspect, though I have no evidence, that the returns diminish significantly.
2) Public funding would remove large amounts of money as a barrier to entry into campaigns. Even if the candidate didn't have much as those with other sources, they could run a realistic campaign.
3) Public funding would greatly reduce the need for elected officials to spend time fundraising, which many say takes significant time from their responsibilities of governing.
4) "1.5 billion of public funding? That's quite fat piece of change from public coffers": It's not a small number, but it's $5/citizen. I think (and I think many Americans would agree) that it's a very small price for removing money from politics.
Happy July 4th!
2. That's true - however, if somebody can not find enough supporters that want to put their money where their mouth is - how likely it is this candidate would be elected? If the candidate is so marginal nobody want to back him/her - the public money would be just wasted.
3. That would only be true if other form of political campaigning were banned, which, as I previously said, is incompatible with the First Amendment. Otherwise, the candidate that does public funds + fundraising would win over the candidate that has just public funds, so fundraising will continue and the only thing achieved is that the politicians would get some free taxpayer money to play with. Don't they already have quite enough of that?
4. It's $5/citizen for one campaign. And that includes citizens that never paid any income taxes, due to being poor, underage or otherwise exempt. And those are quite numerous. Real figure per taxpayer would be much higher, and it's not like we have huge surplus in the budgets waiting to be spent. And, of course, as I mentioned, this won't remove money from politics - and it can not, since money is just a form of expressing one's desires, and if the citizens want to participate in the politics, giving money to the causes they like is how they do it. If you ban it, you replace citizens giving money to causes with bureaucrats giving money to causes. I don't think I'd pay even 5 cents for this.
>> Happy July 4th!
And the same to you.
True, but so what? First, the Constitutional Amendment currently on the table in Congress has a lot more support than that (the version in the Senate has, IIRC, 43 cosponsors), and, second, a PAC aiming to increase legislative support can target both Congress and state legislatures, and, third, as the issue cannot be addressed legislatively except by a Constitutional Amendment, since the Supreme Court has already determined that legislation in this area violates the Constitution as it currently stands, so no other mechanism is meaningful.
Edit: For those downvoting, I was just quoting the article (I realise this was perhaps not the best quote, but felt it was the one most fitting given the question).