No. of Recommendations: 0
Why should politicians be able to raise any more funds than they can earn as a salary while holding their position?

I won't claim credit for this idea--I heard it elsewhere. Limit the maximum amount of contributions that can be raised to the same level as their pay for holding the positon. For example, assume a U.S. Senator will make $150K per year (don't know the actual amount). Since it's a 6 year term, they should only be allowed to raise $900,000 for their campaign, whether it's hard or soft money.

I agree that only "real" people, not individuals should be able to give political contributions. I've worked for large corporations that actively distributed materials to employees that twisted the truth about how employees would benefit from contributing to the companies' PAC's. I disagreed with that while I worked for them and still do even after moving on.
Print the post  


What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.