The U.S. Supreme Court recently struck down limits on election spending. The cap on the total amount any individual can contribute to any candidate is no longer restricted. But don’t get too excited. There are only 450 billionaires in the U.S. and less than half probably have any political interests.
Crowdfunding is new. It is sexy. It has captured the imagination of many. It has recharged the entrepreneurial spirit in millennials with grit. Crowdfunding is the practice of raising money from a large number of people to transform an idea into an enterprise. It is the key that starts the engine so the rubber finally meets the road.
The most intriguing fact about crowdfunding is that strangers do not fund campaigns. Only friends reach deep down into their wallets to financially support someone. This is how campaign finance should be done. It should reach far and wide across the United States with a reciprocal or friendly intent.
The constant “push” of any political advertising campaign supported by large campaign contributions will not be embraced by millennials. To win an election these days, a politician must sway the crowd, or in other words, they must crowdfund. I stand waiting with a crisp five bent around a clip in my back pocket.
Have a great week,
The Republican Millennial
Photo credit Marta Girdwood