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Old 06-27-2007, 10:03 PM  
jAZ jAZ is offline
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Would this work? Campaign Financing through blind trusts.

So I heard an idea on talk radio today that I thought was interesting.

A simple campaign finance reform law that states that all campaign contributions paid to candidates be required to be paid into a blind trust where the candidate is allowed to take XX dollars of money (even unlimited in theory) but that they can't ever know where the money came from.

It would allow the individual to support their prefered candidate at their perfered level without establishing that quid-pro-quo that hurts our political system.

Just curious what people here think about the idea.
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Old 06-28-2007, 12:47 AM   #2
Pitt Gorilla Pitt Gorilla is offline
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Either candidates would get less money OR people would find a way to let the candidates know exactly how much money they donated.
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Old 06-28-2007, 01:33 AM   #3
Taco John Taco John is online now
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In theory it sounds great. In fact, It is such a great idea that I'm going to donate $1 million dollars to your trust tomorrow morning *nudge, nudge*
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Old 06-28-2007, 06:48 AM   #4
trndobrd trndobrd is offline
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Quote:
Originally Posted by jAZ
So I heard an idea on talk radio today that I thought was interesting.

A simple campaign finance reform law that states that all campaign contributions paid to candidates be required to be paid into a blind trust where the candidate is allowed to take XX dollars of money (even unlimited in theory) but that they can't ever know where the money came from.

It would allow the individual to support their prefered candidate at their perfered level without establishing that quid-pro-quo that hurts our political system.

Just curious what people here think about the idea.

How would the candidate not know who was contributing? I assume under this blind trust system there would be no public disclosure of who is contributing to which candidate and in what amounts, lest the candidate find out where the money came from.

Under the current system, I can get online (http://www.fec.gov) and see every contributor (over $100) to every Federal candidate, party committee and PAC.

I prefer sunshine over secrecy.
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Old 06-28-2007, 08:47 AM   #5
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The big money donors would still give and make sure the candidate knew it. This would just make everything less transparent.
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Old 06-28-2007, 08:49 AM   #6
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So, would there still be limits on individual donations...?
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Old 06-28-2007, 09:12 AM   #7
BucEyedPea BucEyedPea is offline
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I would think such a system would deny access to those they might consider an illegitimate candidate.

I would think less would donate, as they may not want someone they hate getting any part of their money. I know I'd be like that.
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Old 06-28-2007, 09:36 AM   #8
jAZ jAZ is offline
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Quote:
Originally Posted by Taco John
In theory it sounds great. In fact, It is such a great idea that I'm going to donate $1 million dollars to your trust tomorrow morning *nudge, nudge*
Exactly why this could work.

A lot of people would be promising a lot of things. The candidate knows knowing (in theory).
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