Question: help me please! A 2013 study found that the top 0.01% of political donors -- just 24,000 people -- accounted for more than 40% of

help me please!
help me please! "A 2013 study found that the top 0.01% of

"A 2013 study found that the top 0.01% of political donors -- just 24,000 people -- accounted for more than 40% of campaign contributions, up from about 10% in the 1980s. It is perhaps not a coincidence that the wealthiest 0.01% tripled their share of national income in the same time period."2 "If you want to have influence in the American 2 political process, Michelle Obama in 2014 advised an audience, there's only one thing to do: 'Write a big, fat check...Write the biggest, fattest check that you can possibly write' 1 The statement above reflects a belief many, if not most, Americans share regarding our election system - the more money you have, the more influence you have on our politics. It does not help that efforts to curb money and politics have, in recent years, been compromised due to a handful of important court decisions including the now infamous Citizen's United v. FEC ruling in 2010. Consequently, the policy preferences of the very wealthy consistently prevail over the preferences of middle-class and poor voters. Question for discussion: What do you think should be done to alter the current system of campaign financing? Do you believe that the system is working fine? Let's have a discussion about this

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!