Wednesday, June 4, 2014

Crowdfunding a Super PAC to reform campaign finance

This is interesting. Harvard professor Lawrence Lessig wants to reform campaign finance laws so he's crowdfunding a Super PAC with that intention. The PAC will contribute to candidates who support campaign finance reform. The initial crowdfunding of $1 million from donors of less than $10,000 was reached so it was matched by wealthy donors. The latter included the usual wealthy Democrats but also included a high profile libertarian donor to GOP campaigns. That is Lessig's hope, to encourage a mix from the political spectrum around the issue of money in politics. He might consider approaching the Patriotic Millionaires that financed the recent MoveOn discussion on inequality with Picketty and Warren for his next round of crowdfunding.

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