News

Campaign Finance Reform Corrupts

campaign-finance-reform-corrupts



What corrupts politics more: Millionaires and billionaires? Or the rules that intend to limit the influence of wealthy donors? George Will, author and Pulitzer Prize-winning columnist for the Washington Post, explains who designed campaign finance reform and why Congress’s solution to the problem may actually be the bigger problem.
Donate today to PragerU! http://l.prageru.com/2ylo1Yt

Joining PragerU is free! Sign up now to get all our videos as soon as they’re released. http://prageru.com/signup

Download Pragerpedia on your iPhone or Android! Thousands of sources and facts at your fingertips.

iPhone: http://l.prageru.com/2dlsnbG
Android: http://l.prageru.com/2dlsS5e

Join Prager United to get new swag every quarter, exclusive early access to our videos, and an annual TownHall phone call with Dennis Prager! http://l.prageru.com/2c9n6ys

Join PragerU’s text list to have these videos, free merchandise giveaways and breaking announcements sent directly to your phone! https://optin.mobiniti.com/prageru

Do you shop on Amazon? Click https://smile.amazon.com and a percentage of every Amazon purchase will be donated to PragerU. Same great products. Same low price. Shopping made meaningful.

VISIT PragerU! https://www.prageru.com

FOLLOW us!
Facebook: https://www.facebook.com/prageru
Twitter: https://twitter.com/prageru
Instagram: https://instagram.com/prageru/
PragerU is on Snapchat!

JOIN PragerFORCE!

For Students: http://l.prageru.com/29SgPaX
JOIN our Educators Network! http://l.prageru.com/2c8vsff

Script:

Campaign finance reform is what it pretends to combat: corruption.

Let me say that again, slightly rephrased: campaign finance reform corrupts the political system it presumes to save from corruption.

Now that I’ve taken the trouble to repeat myself, you may be shaking your head, wondering how I could be so… wrong. Don’t we want to “get money out of politics?” Isn’t campaign finance reform an inherent good? The late Senator Eugene McCarthy, the iconic liberal politician of the Vietnam War era, didn’t think so.

McCarthy, a Democrat who represented Minnesota in the Senate from 1959 to 1971, did something unthinkable in 1968. Because of his opposition to the Vietnam War, he challenged a powerful, incumbent President for his party’s presidential nomination.

His challenge to President Lyndon Johnson was possible — and potent — only because five wealthy liberals who shared McCarthy’s opposition to the Vietnam War gave him substantial sums of money. Stewart Mott’s $210,000 would be $1.4 million in today’s dollars. The five donors’ seed money enabled McCarthy to raise $11 million dollars or $75 million dollars today.

But, because of campaign finance reform, the most a wealthy quintet could give to help an insurgent against an incumbent today would be $13,000 (five times the individual limit of $2,600). McCarthy didn’t win the nomination, but he did compel Johnson not to run for a second term. In doing so, McCarthy changed history. But the Democratic Party establishment wasn’t happy about it. To stop it from happening again, they pushed for government regulation of political speech.

Thus in reaction to Eugene McCarthy’s insurgency, campaign finance reform was born.

Not much has changed since then.

Whatever their stated intentions, campaign finance laws are not written to protect the public from corrupt politicians, they are written to protect incumbents from anyone who might challenge them. So, not only doesn’t campaign finance reform disrupt the status quo; it encases it in cement.

All the laws that ever have regulated campaigns, or ever will regulate them, have had or will have one thing in common: They have been, or will be, written by incumbent legislators. That is why such laws are presumptively disreputable and usually unconstitutional.

But, reformers shout, politicians are bought and sold by big money interests, and we have to stop this.

These reformers argue two propositions.

One is that corruption is so pervasive and so subtle that it is invisible.

They resemble the zealots who say proof of the conspiracy to assassinate President Kennedy is the fact that no proof has been found.

Alternatively, reformers argue that corruption is entirely visible everywhere: If politician A votes in a way that pleases contributor B — particularly if contributor B enjoyed “access” to politician A — that shall be designated corruption.

But there is abundant research demonstrating that money almost always moves toward the politician with whom the contributor already agrees. In other words money is rarely given in order to change a politicians’ votes; it is given in order to support politicians who already vote the way donors want them to.

For the complete script, visit https://www.prageru.com/videos/campaign-finance-reform-corrupts

Read More

0 Comments
Share

Robert Dunfee