Dark Money: Can billionaires buy elections in America?

Wealthy Americans have always found ways of spending money on political campaigns in the presumed expectation of a return on their investment. But in 2010, the Supreme Court’s Citizens United decision ruled that legislation that restricted how much money could be spent on influencing elections was unconstitutional, opening up vast new possibilities for wealthy individuals and corporations to support candidates. The Court's argument was that to stop someone spending as much as they liked to push an agenda or a candidate was a violation of the first amendment right to free speech. The official campaigns still have to be transparent about how much money they’re raising and from whom, but there are now effectively no limits at all on what people can spend trying to influence the outcome of an election in indirect ways. That’s where so-called “Super PACs” come in (the PACs is an acronym standing for Political Action Committee). It turns out that it’s really easy to hide a political donation by giving it a Super PAC rather than directly to a candidate. So the problem today – in the post-Citizens United world -- is not only the amount of money being spent but that we no longer know who’s spending it.

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