the straw that breaks the plutocracy’s back
Pro-democracy groups, business leaders, and elected representatives are proposing mechanism. The outrage ignited by the Court’s ruling in Citizens United v. Federal Elections Commission extends to President Obama, who has promised that repairing the damage will be a priority for his administration
- Amend the U.S. Constitution to declare that corporations are not persons and do not have the rights of human beings.
- Require shareholders to approve political spending by their corporations.
Britain has required such shareholder approval since 2000
- Pass the Fair Elections Now Act, which provides federal financing for Congressional elections.
- Give qualified candidates equal amounts of free broadcast air time for political messages.
Sen. Charles Schumer (D-New York) and Rep. Chris Van Hollen (D-Maryland)
- Impose a 500 percent excise tax on corporate contributions to political committees and on corporate expenditures on political advocacy campaigns.
- Prohibit companies from trading their stock on national exchanges if they make political contributions and expenditures.
- Require publicly traded companies to disclose in SEC filings money used for the purpose of influencing public opinion, rather than for promoting their products.
- Require the corporate CEO to appear as sponsor of commercials that his or her company pays for,
- Publicize the reform options, inform the public of who is making contributions to whom, and activate the citizenry.