"Campaigns in California are now paying $15 for each signature collected to oppose a proposed billionaire tax, a move driven by wealthy individuals like Sergey Brin who are funding this effort. The total expected expenditure to quash the proposal is around $75 million, showcasing the financial power of the elite in shaping political outcomes."
"The political funding arms race has intensified since the Citizens United ruling in 2010, which removed limits on corporate election spending. This has resulted in a significant increase in the amount of untraceable money in politics, with $1.5 billion in Super Pac donations coming from organizations that do not disclose their donors."
In California, campaigns are paying $15 per signature to collect support against a proposed billionaire tax, largely funded by Sergey Brin and other wealthy individuals. They are expected to spend $75 million to defeat the tax proposal. The political funding landscape has changed dramatically since the Citizens United decision in 2010, allowing unlimited corporate spending in elections. This has led to a significant increase in untraceable donations, with billionaires contributing a substantial portion of campaign funds, particularly benefiting conservative candidates.
Read at www.theguardian.com
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