A new analysis from The Washington Post reveals that just 50 megadonors are responsible for $1.5 billion in campaign cash for the 2024 presidential cycle.Overall, this group of billionaires skews toward former President Donald Trump and the Republican Party — although there are Democratic megadonors...

cross-posted from: https://lemmy.zip/post/21661331

A new analysis from The Washington Post reveals that just 50 megadonors are responsible for $1.5 billion in campaign cash for the 2024 presidential cycle.

  • @givesomefucks@lemmy.worldEnglish
    16•4 months ago

    The “victory funds” that Hillary started, Biden continued, and then handed of to Kamala means the legal limit went from 2.5k a person to close to a million.

    Because of the loopholes that’s used to accomplish that, it also means state parties are drastically underfunded.

    And republicans aren’t going to just sit there and not do it too, it’s likely why trump put his daughter in law in charge of the RNC purse strings.

    Neither party wants to change it. Because they both like money and it’s easier to get a million from a billionaire than 2.5k from 400 regular Americans, and that’s not getting into how “regular Americans” can’t afford 2.5k in the first place

    If you still didnt understand why both parties cater to the rich, this is why it’s gotten even worse since 2016 when Hillary devised this bullshit.

    https://www.politico.com/magazine/story/2017/11/02/clinton-brazile-hacks-2016-215774/

    • HubertManne
      20•4 months ago

      This all goes back to citizens united and giving rights to entities that only exist on paper.

      • @givesomefucks@lemmy.worldEnglish
        11•4 months ago

        You can definitely say that’s where it started.

        But instead of fixing it, both parties are trying to find more way for the wealthiest to give as much money as possible.

        Neither want it fixed, they just want the money

        • HubertManne
          11•4 months ago

          this is true. some individuals in congress want to like bernie but overall no movement.

          • @givesomefucks@lemmy.worldEnglish
            3•4 months ago

            And if Hillary hadn’t taken over the DNC in the 2016 primary by doing even more shady shit than Citizen’s, Bernie would have likely won. Fixed Citizen’s and be at the end of his second term.

            Unfortunately that didn’t happen.

            Neoliberals are not on the same side as progressives, we just dont have any other options when primaries have become purely theatrical, if were even lucky enough to get that.

            Loads of states only get to vote in a primary weeks or months after the candidate has been “decided” having no say in who the candidate is hurts general turnout and helps Republicans. That’s not even getting I to how NH got their primary stolen this year because they kept voting for progressives.

            • Snot FlickermanEnglish
              2•4 months ago

              We certainly got a theatrical primary this year.

              I’m honestly a little shocked more people aren’t upset that party operatives essentially chose the candidate for us twice in a row.

              They ignored us when we said Biden was too old and then waited until we couldn’t run another primary and leaned on the sham primary “where everyone voted Biden” and then when it became clear he WAS too fucking old and they could no longer hide it, they had party apparatchiks choose the candidate for us.

              I am pleased at the momentum behind her because the alternative is outright fascism, but it’s clear Harris is a party choice, not a people choice.