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August 13, 2022

U.S. Voters

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Money In Politics DISRUPTED By Innovative Strategy

1 min read

Money In Politics DISRUPTED By Innovative Strategy

Check this new strategy to win elections while disrupting money in politics. John Iadarola and Anita Malik break it down on The Damage Report. Follow The Damage Report on Facebook:

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" reports that in the last decade, election spending from outside, independent groups increased to $4.5 billion. It totaled just $750 million for the two decades prior. Even more troubling, $963 million of that came from groups that don’t disclose their donors.

But the curse isn’t just corporate PAC and super PAC money, it is the capitalistic principle behind our elections as a whole.

There are the “wealth primaries,” where wealthy donors act as ballot gatekeepers before a single vote is cast. And with millionaires and billionaires still dominating the donor class, only those at the top are setting the agenda in Washington.

The donor class in America is, in fact, smaller than many imagine. Only 0.48% of Americans contributed more than $200 to a candidate or PAC in the 2018 elections.

In the decade since Citizens United, 10 donors and their spouses accounted for $1.2 billion in donations into federal elections.

The wealth gap is everywhere, including in our elections."

#TheDamageReport #JohnIadarola #TheYoungTurks

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