The Supreme Court, in a 5-4 ruling, has lifted the cap on how much an individual donor can put into political campaigns for federal office.
It left in place a $5200 cap on how much a single candidate can receive from an individual donor, but removed the $123,200 cap on the amount an individual can contribute to federal campaigns in the aggregate.
That means that the uber rich can plow literally billions of dollars into federal campaigns, all across the country. Even though the cap on the amount of money they can put in any one campaign remains, if they are “directed” in their giving by special interest groups and political parties, (as they most assuredly will be) their influence on future legislation, government policy and anything else government can do for them will be overwhelming.
We already suffer from too many puppet people legislators who vote according to the party line without individual thinking, regard for the needs of their constituents or the common good. The Supreme Court increased this by powers of ten.
Make no mistake about it. This decision will affect your life in ways that you most likely will not understand, but which will devastate you ability to earn a living, live in peace and look forward to a secure old age.
Will Rogers used to joke that we had “the best Congress that money could buy.” He was an optimist. What we already have and what is going to become even more pronounced, is the Congress that money has bought and owned. You can forget the “best” part.
Washington (CNN) – If you’re rich and want to give money to a lot of political campaigns, the Supreme Court ruled Wednesday that you can.
The 5-4 ruling eliminated limits on much money people can donate in total in one election season.
However, the decision left intact the current $5,200 limit on how much an individual can give to any single candidate during a two-year election cycle. Until now, an individual donor could give up to $123,200 per cycle.
The ruling means a wealthy liberal or conservative donor can give as much money as desired to federal election candidates across the country, as long as no candidate receives more than the $5,200 cap.
While most people lack the money to make such a large total donation to election campaigns, the ruling clears the way for more private money to enter the system.