Comment on YSK that 158 families made up 50% of all US Presidential Campaign Spending

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stickly@lemmy.world ⁨4⁩ ⁨days⁩ ago

This is bad because it means if you want to run for office, your campaign is mostly floated by this tiny group of people. $5.5 billion sounds small until you realize that breaks out into millions of dollars for any individual. Unless you’re rich enough to ante up (and repeat that every election cycle), you’ll never play the game.

More isn’t spent because it doesn’t need to be, not because it isn’t effective. The policy goals of the 0.01% are basically in lock step, why would they bid against each other? Regardless of the raw number, the average politician has to equally weigh their representation between the needs of the 0.01% and the 99.99%.

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