Robert Reich writes: The supreme court is composed of five justices appointed by Republican presidents, and four appointed by Democratic ones. In the McCutcheon v FEC case decided on Wednesday, the five Republican appointees interpreted the first amendment to protect the right of individuals to pour as much as $3.6m into a political party or $800,000 into a political campaign.
The decision by those justices allows individual donors to buy – and federal officeholders to solicit – unparalleled personal influence in Washington. McCutcheon drowns out the voices of ordinary citizens.
Presumably, the individuals who were of concern to the majority of the court have incomes larger than the median US family income of roughly $50,000 a year and wealth in excess of the median American family’s wealth of approximately $70,000. It is very likely that these individuals have huge incomes and enormous wealth.
The decision rests on the court’s dubious finding that such spending does not give rise to corruption. That’s baloney, as anyone who has the faintest familiarity with contemporary American politics well knows. As Justice Stephen Breyer noted in his dissenting opinion: “where enough money calls the tune, the general public will not be heard”.
The majority’s decision to open the floodgates to big money would be less important if the distribution of income and wealth in America were more equal. But it has become extraordinarily unequal. Together, the richest 400 Americans now possess more wealth than the bottom half of the American population. A handful of billionaires are, at this moment, deciding on whom to place their multi-million dollar bets in the 2014 midterm election. The McCutcheon decision makes it easier for them to do so than ever before. They don’t need to go through political action committees or so-called “social welfare” organizations. The rich can now make their bets directly.
We have returned to the gilded age of the late 19th century, when the lackeys of robber barons placed sacks of money on the desks of pliant legislators. If this is not corruption, what is? [Continue reading…]