this post was submitted on 22 Jul 2024
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I'm not saying that this is a good thing, but the meme really wants you to believe that ordinary people have donation limits and rich people don't. This is an oversimplification.
The limit is still $3,300 in individual donations directly to a campaign, no matter who you are. There is no limit on individual contributions to a PAC, so long as the PAC doesn't work directly with any candidate or campaign when spending the money, and this also doesn't matter who you are.
There isn't a literal rule that separates the rich from the poor here. You too can donate your entire savings to a PAC without limits.
The real inequality is how much we can afford to donate. I won't ever have $45,000,000 in my life, so I won't ever get the level of political influence that people like Elon Musk can buy. I can try to exploit the same systems he does, but he'll always be able to exploit them more.
If someone works from 18 to 65 and makes $60,000 a year then over the course of their career they would have a total take-home pay after taxes of about one million dollars. This guillotine dodger is donating 45 people-lives worth of productivity a month.