Tuesday, October 19, 2004
As Thomas Edsall and James Grimaldi report in The Washington Post, the super-rich from both sides of the political spectrum have dominated the donations to the now-notorious 527 committees.
-The top 10 donors to 527s? All members of the Fortune 500.
-Democrat-leaning 527s have brought in 80% of their money in contributions of $250,000 or more.
-Republican-leaning 527s have brought in 90% of their money in contributions of $250,000 or more.
Using their extreme wealth to buy their way into our living rooms, they tout this candidate or snipe at that candidate. It's understandable that people feel strongly about this election and are doing what they can within current election law to influence the outcome. But, I wonder if any of these people would support a change in the rules that would level the field.
One person, one vote. The more they pay, the more we stray from that bedrock principle. The cost to our nation for their cavalier attitude towards our democracy may, in the long run, be more than even they can pay back.