Debunking Myth #4: “Corporate political donations are free speech.”
Bunk!
Friends,
In 1971, Lewis Powell urged the leaders of American corporations to devote a portion of their profits to politics.
Since then, America has witnessed the largest and most entrenched system of legalized bribery in its history. Big corporations and the super-wealthy have rigged the “free market” for their own benefit.
The Supreme Court opened the floodgates to all this by deciding that money is speech and corporations are people. There is nothing in the history of the First Amendment to the Constitution supporting these decisions.
Throughout the 1980s, corporate PAC spending on congressional races increased nearly fivefold. Labor union PAC spending rose only about half as fast.
By the 2016 campaign cycle, corporations and Wall Street contributed $34 for every $1 donated by labor unions and all public interest organizations combined.
In 1980, the richest one-hundredth of 1 percent of Americans provided 10 percent of all donations to federal elections. By 2012, they provided 40 percent.
Both political parties have become giant fundraising machines fueled by money from the top.
What’s the result of all this bribery? Politicians use the money to get elected and reelected, and then lawmakers do what corporations and wealthy individuals want.
It’s legalized bribery. It must end.
Getting big money out of American politics is one of the two most important prerequisites for saving our democracy. The other is avoiding Trumpian fascism.
The two are related. So many Americans have become distrustful and cynical toward American democracy because of the dominance of the moneyed interests that they are susceptible to a demagogue who tells them he’s on their side — when in fact he has given the moneyed interests everything they wanted when he was president and is promising even more if reelected.
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Follow the money. Always. It always leads us to oil, the military, banking, drugs, insurance, etc., etc.. Them who has it make the rules. And when their greed crashes the whole game - most recently in 2008 - then, we get a little soon-to-be-reversed-correction and we bail them out. Lather, rinse, repeat. Republican voodoo bullshit, followed by responsible Democratic governance, followed by Republican voodoo bullshit. Except we keep moving right...until we get the Richter-scale collapse. Stay tuned.
I have been ranting on this for a good while.I tell people all the time that our representatives in Congress only represent the people who give them the most money.
This is exactly why our food, electric,housing,Etc are so expensive,the corporate stiffs and the billionaire class are LEGALLY ALLOWED to bribe our politicians and our courts,and we have no say in it.And they are the only ones represented by our Congress and SCOTUS,and all we are is ignored and our rights steamrolled.
Damn straight it's time for this bullshit to stop!!