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|Subject: Re: Derivatives rules -- loose as usual||Date: 5/17/2013 10:52 AM|
|Author: Hawkwin||Number: 423107 of 505870|
Not sure I like the idea of tax credits being paid to individuals to donate to political parties. That seems to have its own problems that can be as bad as any corporate donations.
Seems like it would also encourage people of means to participate more in the process than those with less means.
Wiki seems to agree:
A national total of 96,762 individuals also made political contributions at the riding association level to a federal political party, resulting in a 0.4% fraction of registered voters directing over $12 million in subsidized contributions - over 60% of it from public funds - toward their preferred parties.
Combined, the number of unique individuals that made political contributions in 2009 to a federal political party, either at the national party organization level or riding level, or both, is somewhere between 196,186 and 278,620 individuals - representing between just 0.8% and 1.2% of the number of registered voters from 2008.
Rounding to the nearest percentage, only 1% of registered voters directed $46 million - representing over 62% of the primary funding received by parties - toward their preferred party, with nearly two-thirds of that - $28.5-$31 million - in public funds directed without the consent of 99% of registered voters.
So it appears elections and still bought and paid for, just not by corps.
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