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Ross Perot and campaign finance. Was he on to something?

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Clete Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-16-03 09:34 PM
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Ross Perot and campaign finance. Was he on to something?
The two other threads on Perot started me to thinking about someone I met when I lived in Texas, who claimed to have known him. Well, this fella was slightly out there, but somewhere along the line in a conversation with him in a group of people, someone brought up the fact that he thought Ross was an idiot for using his own money to campaign instead of soliciting donations like everyone else.

The Ross acquaintance said it didn't cost him anything because he only used the interest from his money to run. So maybe this is naive of me, but why can't all candidates do that? I mean what if we gave each candidate a certain amount of money to run, like has been mentioned before, from the interest from money invested for this purpose.

So campaign contributions could go into a campaign trust fund. (You'd have to bribe contributors with some kind of tax cut or perk of some sort, because they wouldn't be allowed to do it for a specific candidate.) Then the interest would be used to give to the candidates for the actual campaign. I would also go for the 1,000 signatures and a dollar or two contribution to qualify the candidates as has been done recently. That money too could go into the campaign trust fund

So do you think old Ross had something going here?
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laura888 Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-16-03 10:01 PM
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1. anytthing is better than what we have now
The system you described seems like it might work.
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Clete Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-16-03 11:15 PM
Response to Reply #1
2. I've got to admit I don't know about this.
I was sort of mentally ruminating about it.
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SharonAnn Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-16-03 11:30 PM
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3. I like the idea. It could work and the building of this "nest egg"
would be doable, byt building the "hype" and all that. Then the interst could keep it going.

Probably need to tweak some details about how to add to the next egg from time to time if needed but that should be a minor thing.
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FDRrocks Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-16-03 11:32 PM
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4. If candidates could completely finance thier campaigns
the richest would win! At best Warren Buffet ... at worst... who knows! But it would be BAD!
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Yupster Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-17-03 02:26 AM
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5. I donate to candidates I agree with
I feel like I'm supporting the issues I believe in.

Now why would I send my money to a fund to be used by candidates I don't agree with?

What would be the incentive for me to do that?

Wouldn't I rather take my kid on a weekend trip instead to Schlitterbahn?

I think the main problem would be the same as the check-off box on tax returns (which basically is what you're talking about) which is that hardly anyone donates to it.

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Adjoran Donating Member (650 posts) Send PM | Profile | Ignore Fri Oct-17-03 02:49 AM
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6. The rich can self-finance now
SCOTUS held years ago that a candidate can spend all of his own money that he wants to.

The suggested system could work, but the contributions would have to be made tax-deductible. Charitable donations are deductible with the reasoning that they are good for the country. Clean political campaigns would be good for the country, too.
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Merlin Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-17-03 03:36 AM
Response to Original message
7. Campaign finance was one of Perot's geatest failings.
I thought his positions were great on every other issue. But on campaign financing, he blew it big time. He insisted it was evil for the government to provide funds for Presidential campaigns. He railed against the idea of public financing for campaigns.

You and I know that public campaign financing is the only way to go. It is inevitable. It will eventually happen. Private financing of campaigns equals legalized bribery, and that's what the US currently stands for. Eventually the people will grasp this rather obvious truism.

I actually liked Perot. But I hated his position against public financing of campaigns.
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