Since 1978, corporations have been pumping money into politics, following a Supreme Court decision that endowed corporations with the same rights as citizens. From that decision, income inequality has increased; the average American wage has stagnated; corporate taxes have decreased considerably; and the top income earners have a higher percentage of the wealth than ever before. Furthermore, the Citizens United v. FEC decision permitted corporations to spend virtually unlimited money on political campaigns, which brought us Super PACs. This ensures that the politicians friendly with corporations will be elected. Politics are now completely bought and paid for. The candidate with the most money wins about 94 percent of the time. There is one organization that makes it its goal to end corporate sponsorship of politicians: The Wolf-PAC.
The Wolf-PAC, started by Cenk Uygur, host of The Young Turks on Current TV, makes it its responsibility to pass some type of campaign finance reform.
“There is only one issue in this country, campaign finance reform.”
Corporations are generally not loyal to the United States. In fact, most of the money in politics comes from multinational corporations that are certainly not loyal to the United States. The Wolf-PAC believes that our Democracy itself is at stake. If money can influence elections, corporations have power over all of us. Their interests are paramount.
The Wolf-PAC wants to bypass Congress and the Supreme Court, which it believes is corporately owned, and pass a constitutional amendment to end corporate money in politics. The amendment they propose, Amendment 28, is as follows: “Corporations are not people. They have none of the Constitutional rights of human beings. Corporations are not allowed to give money to any politician, directly or indirectly. No politician can raise over 00 from any person or entity. All elections must be publicly financed.”
Money in politics causes corruption. With corporate spending on political campaigns, comes bad decisions and bad policy. Corporate sponsorship of political campaigns breeds Crony Capitalism. When SOPA was an issue, a large portion of the politicians that supported it received some type of campaign contribution from the Media Industry. If a politician decided not to take corporate money, the money will go to the politician running against him, and when his political opponent wins, he will do the corporation’s bidding.
One of the necessities of a free market economy is the information needed by consumers to make informed decisions. With the information available to the general public controlled by mammoth entities, people will not have the information they need, and therefore not make informed decisions. They will make their decisions based on information controlled by corporations, whose interests generally do not reflect the interests of most Americans. The politician who wins will be the politician that benefits the conglomerates. This is a failure in the free market system and a failure in our democracy.
“The liberty of a democracy is not safe if the people tolerate the growth of private power to a point where it becomes stronger than their democratic state itself.”
Learn more here http://www.wolf-pac.com