Unthinking Majority wrote:America is failing due to corruption, not much different than the USSR.
American politicians should swear an oath to only serve the interests of the American people and those who do otherwise should be shot as traitors. Ban all political donations above $500 and no donations from businesses, and make all lobbying in front of a camera with transcripts for all to see.
I'm, obviously, looking at this problem through the lens that is MMT.
The MMT answer is to just fund all elections in the US with Federal money.
One citizen, one vote!Ban all campaign contributions, except to minor parties getting started. These minor parties get matching funds, though. Limited to what the major parties are getting for that race.
Fund all major parties equally. Fund challengers with more money.
Note, this also applies to all state and local elections.
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I recently googled early US campaign funding laws, and I found little. What I did find was a claim that the founders didn't imagine that candidates would ask for donations. I guess they intended the rich to pay their own campaign bills, and to, therefore, keep the riff-raff from running.]
Where will the money come from? It will come from the savings that will occur from eliminating the massive wasteful spending that comes from the current system of legal bribes.** For example, in 2020 the Gov. gave over $1T to large corps. for covid, which they just pocketed. Obviously, all of that $1T was newly created money, sort of like the Gov. “printing money”. And, this was fine with almost every person in both houses of Congress.
Alternately, tax all "large" campaign contributions and all political ad buying, other than by candidates, at a 90% rate. If corps. want to bribe Congress, they must pay 9 times more to the US Treasury to cover the wasteful spending that they will ask for. If 90% isn't enough, we can make it 99%.
How to get this passed? I have no clue. However, this applies to *all* other solutions to the problem, also.
. ** . The law allows the candidates to hire their relatives and spouses as consultants and send campaign donation money into their hands at very, very high levels. They hire some front comp. that hires their spouse and other relatives at a very high salary to do nothing.
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