Last week was the 50th anniversary of the Supreme Court decision enshrining the idea that money in politics is not corruption, but constitutionally protected speech. States and cities across the US are battling the rotten legacy of that decision.
Last week was the 50th anniversary of the Supreme Court decision enshrining the idea that money in politics is not corruption, but constitutionally protected speech. States and cities across the US are battling the rotten legacy of that decision.
Maybe I’m oversimplifying it, but “Money is Speech” is less of a problem than “Corporations are People” from Citizens United. Because the latter takes rights that this country historically reserves for humans and gives them to organizations (that are themselves composed of humans).
Simply reverse that, and you can restore limits on these organizations. Billionaires can still spend money how they are fit, but unless the billionaire does it all himself, at some point he will need an organization to do it, and that organization can have constraints.
This is a popular opinion but corporate personhood has a lot of implications beyond political activities which need to be considered.
For example, if corporations are not people, how does the first amendment apply to news outlets?
Freedom of the press is explicitly called out in the first ammendment:
“Congress shall make no law respecting an establishment of religion, or prohibiting the free exercise thereof; or abridging the freedom of speech, or of the press; or the right of the people peaceably to assemble, and to petition the Government for a redress of grievances.”
https://constitution.congress.gov/browse/essay/amdt1-9-1/ALDE_00000395/