A Quote by Bernie Sanders
Politically, as a result of Citizens United, billionaires are now able to spend as much money as they want on campaigns, which means that you have a political system which is heavily dominated by corporations and wealthy individuals.
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If Republicans want to defend the rights of corporations and billionaires to spend unlimited, secret money in campaigns, then they should say so.
Citizens United is a disgrace of a decision, holding that corporate money is corporate speech and entitled to the same First Amendment protection as human speech. As a result, corporations now can spend unlimited amounts of money to influence our elections - often in secret, without any public disclosure.
What the Supreme Court did in Citizens United is to say to these same billionaires and the corporations they control: 'You own and control the economy, you own Wall Street, you own the coal companies, you own the oil companies. Now, for a very small percentage of your wealth, we're going to give you the opportunity to own the United States Government.' This is the essence of what Citizens United is all about - and that's why it must be overturned.
We need real tax reform which makes the rich and profitable corporations begin to pay their fair share of taxes. We need a tax system which is fair and progressive. Children should not go hungry in this country while profitable corporations and the wealthy avoid their tax responsibilities by stashing their money in the Cayman Islands.
A lot of the Citizens United problem could be solved if we knew where the money came from for all these ads. The companies create these entities with fake names - like 'Citizens for Nice Puppies' - which means that the sources of the money are unaccountable.
What's happening is there's transfer of wealth from the poor and the middle class to the wealthy. This comes about because of the monetary system that we have. When you inflate a currency or destroy a currency, the middle class gets wiped out, so the people who get to use the money first, which is created by the Federal Reserve System, benefit, so the money gravitates to the banks and to Wall Street. That's why you have more billionaires than ever before.
China got the local currency, the yuan which is appreciating against the dollar which means that all these Chinese people have more purchasing power. And they're willing now to spend some money after saving, you know they provided America with savings for years. Now they're going to spend some money. So this means that they are willing to allow the dollar to weaken because it means that their currency, the yuan goes up, so they're actually in a winning situation.
What has become clear to many Americans is that the electoral system is bankrupt. As the political process becomes more privatized, outsourced, and overrun with money from corporations and billionaires, a wounded republic is on its death bed, gasping for life.
America has become the most unequal society among advanced countries, and rich people are now free to spend as much money on political campaigns as they wish.
We must reduce the influence of money in politics, beginning by overturning Citizens United and taking back our system from the millionaires and billionaires who can give unlimited and undisclosed amounts of money to influence our elections.
Here is what the practical impact of Citizens United means. What Citizens United means is that corporations call hundreds of millions of dollars into television ads, radio ads, and other forms of advertising to defeat those candidates who stand up and take them on.
Most governments want their citizens to be part of the financial system, to be productive citizens as a result of having access to be able to manage and move money in a seamless way. But the traditional financial services infrastructure is not designed to handle that because, predominantly, it's an expensive infrastructure.
As a result of the Citizens United Supreme Court decision, American democracy is being undermined by the ability of the Koch brothers and other billionaire families. These wealthy contributors can literally buy politicians and elections by spending hundreds of millions of dollars in support of the candidates of their choice. We need to overturn Citizens United and move toward public funding of elections so that all candidates can run for office without being beholden to the wealthy and powerful.
When money, instead of man, is at the center of the system, when money becomes an idol, men and women are reduced to simple instruments of a social and economic system, which is characterized, better yet dominated, by profound inequalities. So we discard whatever is not useful to this logic; it is this attitude that discards children and older people, and is now affecting the young.
If you create a system that makes the small donors the linchpin of the system in terms of how members of Congress directly raise the funds for their campaigns, then it gives everyday citizens much more of a role - a leveraging role - in the funding of those campaigns.
Wealthy individuals have always had the capacity to influence politics, of course, but only after two key campaign finance cases - Wisconsin Right to Life and and Citizens United, have they been able to do it in such a large and blatant way.
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