PunkFloyd, King of Bards wrote:
And so the solution to this is to throw open the floodgates and let the institutions spend limitless bags of money for their interests? That's just throwing fuel on the fire.
Conservatives have fought for decades for campaign finance reform which would prevent this. Liberals have worked hard to build a system in which the institutions and organizations that benefit most from their agenda are less restricted than those that benefit from the conservative agenda. Hey. You're talking to the guy who once proposed that we eliminate all campaign donations entirely, providing all qualifying candidates a set amount of money to campaign with.
The problem is with the soft money stuff. You can't limit free speech, and it's become increasingly hard to tell where an individuals free speech ends and a larger entity begins. If I and a million other people all pool our money together for the purposes of expressing our opinion, does that cease to be free speech? Where do you draw that line?
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Everyone does have the same right to political speech. However, corporations and unions are not people, they are abstract entities and should be treated as such. Let the individuals of the institutions say and spend how they want, just like regular citizens.
Here's the problem though. If I put money into a business which makes a product and has a direct vested interest in economic policies, that business cannot involve itself directly in politics. However, if you put your money into a group like moveon.org, which produces *nothing* at all, and which exists purely for the purpose of political speech, that money can be used in cases where mine cannot.
While that may seem reasonable at first glance, what we're really doing is penalizing people for putting their money into things which are productive, while rewarding them for putting their money into things which produce nothing but political influence. If we agree that said influence can lead to corruption, which is worse? I'd much rather have an organization with a monetary stake in the game using some of that money to influence things so that it does not get screwed over, than an organization with no stake at all doing so.
If we were to go the other way, I'd go with some sort of rule that no organization of any type which receives money in any form from the government at any level may engaged in political speech. And many conservatives have tried to get this sort of rule imposed. But of course, that prevents a whole slew of liberal non-profit groups and unions, which rely on government grants and or direct government paychecks from being able to involves themselves in politics, so it's always been blocked. In the absence of one, we kinda have to go the other direction.
What we're really talking about here is soft money influence. And IMO it's very very hard to try to limit that without limiting free speech as well.