Originally Posted by
KC
Was McCain Feingold passed out of good will or out of self interest? Who benefits from limits to how much money can be spent, incumbents or challengers?
With limits to how much money can be spent on a candidate, incumbent candidates have a huge fundraising advantage since they have more name recognition. The only way to effectively reform campaign finance is to eliminate private contributions to campaigns altogether. Of course in an ideal world there would be no second term for any politicians anyhow.
I'm skeptical that there is a realistic solution to campaign finance. Our system is not set up in such a way that you can channel incentives to get politicians to act in a benevolent way. This isn't anything new, Alexis de Tocqueville could see this as early as the 1830s.