Days of Change

Economic Advantage | June 27, 2014

The problem with getting the money out of politics is trying to determine whose money gets out and whose stays in. Obama’s regular fundraisers are usually private dinners with food served on $30,000 plates, which coincidentally, the upper limit on individual political contributions. Democrats have found a source of income with the individually rich. They are often in the entertainment industry and can make huge sums of money until their careers crash and burn or they die.

In preparation for taking corporate money out of political campaigns, Democrats have developed a quid-pro-quo system where companies like GE contribute to initiatives that can’t find regular government funding and then find themselves the recipients of 0% tax rates.

Republicans have a bit of a problem with the argument that corporate money can’t mix with politics. Virtually all liberals who want corporate money out of politics would find it unacceptable to stop labor unions from contributing directly to campaigns or parties. Even though unions are not people, either, the fact that they are a collective that often draws money from unwilling members supposedly makes them more pure of heart.

What I worry about for Republicans is the increased money offered by libertarian-leaning millionaires and billionaires. They are the ones who want religion and morality out of politics because it muddies their real interest, making money. Even the entertainment industry (gambling magnates for example) is giving to Republicans, but they want family values off the table and illegal immigrants on it.

The poor and middle class on both sides are seeing their interests represented less and less. Frankly, it is our own faults. Politicians like money because it buys ads. They like ads because it shifts the voting balance. If paid commercials did not affect the vote, no one would waste the money on them. It is unlikely that citizens can fight on the basis of money, even though we should contribute to candidates and not parties. What we need is will. That’s what really scares politicians about the Tea Party.


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1 Comment

  1. What we need is will. That’s what really scares politicians about the Tea Party.

    One of your most insightful comments!

    Comment by Mary — June 28, 2014 @ 8:17 pm

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