I read a study somewhere that says wealth gaps and democracy can uneasily coexist as long as money stays out of politics. This is the essential problem I think.
When we allow money into politics it corrupts them. We have to look at actual metrics to measure and consider externalities whenever creating policy. Making sure a monetary system is working for everyone and that people who take advantage of the situation are dealt with is a no brainer.
I did a little research and it does appear CA law is a little lax around loaning for political campaigns. I am not from CA so I really don’t know if this is really a big deal or not. I would be concerned though that this system would be abused.
I personally I think we should actively attempt to eliminate wealth gaps. Money has been used to divide people for far too long and it is such a corrupting force for some people. It is a problem that has consumed the US entirely.