Clinamenic
Binary & Tweed
A really niche topic, would've preferred to attach it to a broader thread, but alas, etc.
Been watching several panels about Buckley v Valeo, Citizens United v FEC, campaign finance in general, and while I'm unfamiliar with most of the meat here, I certainly won't let that stop me from offering conjectures.
So as I understand it, the ruling of Buckley v Valeo was that campaign donations per capita have a limit, but personal expenditures in the aid of campaigns do not. Please, someone correct me if I am wrong here.
I think the Citizen's United v FEC had more to do with distinguishing the political rights of individuals and of organizations, and that the ruling somehow entailed or enabled the usage of shell companies in order to donate more than the individuals themselves would be able to.
Unsure about what the explicit rulings were on transparency, but the argument against transparency has some merit, in my opinion. Say a celebrity had a large following in a conservative area, but also had strong pro-choice convictions, and didn't want their donations to liberal candidates with pro-choice platforms to be made public, for risk of alienating their fanbase.
Anyway, thats not the point. Just wanted to give a little background information.
My point is about ways to reconcile the arguments for unlimited personal political expenditure, and arguments for equity across all voters.
I've heard some talk about federal programs that would entail a mass distribution of, say, a couple hundred dollars per registered voter, for the voter to donate to whomever they see fit.
And I now wonder about the prospects of a privately funded equivalent of such a program. Under what circumstances might it be viable and tenable for a private party to distribute funds for the express purpose of political donations, rather than that party going through some PAC or shell organization?
And if the issue is trust, i.e. that the private party wouldn't be able to enforce such a particular expenditure of their indirect donations, might a solution be smart contracts? @polystyle you have any experience working with smart contracts?
In non-technical terms, the smart contract may go as follows: funds sent from wallet of indirect donor, received by direct donor, but are earmarked somehow to only be receivable by the set of wallets associated with candidates, thus prefiguring the expenditure by the direct donor.
There could be a bespoke currency for precisely this purpose, or there could be some mechanism in place to allow for a more universal currency to function in this capacity.
Might not even need smart contracts to work, but they would certainly solve some of the trust issues, given a clever design of the system.
As a dialectical synthesis, this would allow those with deep pockets and convictions to exercise their free speech, provided they are able to convince the direct donors to vote according to said convictions.
It could also distribute some of the power of this money, without necessarily coming at the expense of whoever initially expends this money.
Thoughts?
Been watching several panels about Buckley v Valeo, Citizens United v FEC, campaign finance in general, and while I'm unfamiliar with most of the meat here, I certainly won't let that stop me from offering conjectures.
So as I understand it, the ruling of Buckley v Valeo was that campaign donations per capita have a limit, but personal expenditures in the aid of campaigns do not. Please, someone correct me if I am wrong here.
I think the Citizen's United v FEC had more to do with distinguishing the political rights of individuals and of organizations, and that the ruling somehow entailed or enabled the usage of shell companies in order to donate more than the individuals themselves would be able to.
Unsure about what the explicit rulings were on transparency, but the argument against transparency has some merit, in my opinion. Say a celebrity had a large following in a conservative area, but also had strong pro-choice convictions, and didn't want their donations to liberal candidates with pro-choice platforms to be made public, for risk of alienating their fanbase.
Anyway, thats not the point. Just wanted to give a little background information.
My point is about ways to reconcile the arguments for unlimited personal political expenditure, and arguments for equity across all voters.
I've heard some talk about federal programs that would entail a mass distribution of, say, a couple hundred dollars per registered voter, for the voter to donate to whomever they see fit.
And I now wonder about the prospects of a privately funded equivalent of such a program. Under what circumstances might it be viable and tenable for a private party to distribute funds for the express purpose of political donations, rather than that party going through some PAC or shell organization?
And if the issue is trust, i.e. that the private party wouldn't be able to enforce such a particular expenditure of their indirect donations, might a solution be smart contracts? @polystyle you have any experience working with smart contracts?
In non-technical terms, the smart contract may go as follows: funds sent from wallet of indirect donor, received by direct donor, but are earmarked somehow to only be receivable by the set of wallets associated with candidates, thus prefiguring the expenditure by the direct donor.
There could be a bespoke currency for precisely this purpose, or there could be some mechanism in place to allow for a more universal currency to function in this capacity.
Might not even need smart contracts to work, but they would certainly solve some of the trust issues, given a clever design of the system.
As a dialectical synthesis, this would allow those with deep pockets and convictions to exercise their free speech, provided they are able to convince the direct donors to vote according to said convictions.
It could also distribute some of the power of this money, without necessarily coming at the expense of whoever initially expends this money.
Thoughts?