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Just 50 people have funneled $1.5B into 2024 campaigns: report (www.rawstory.com)

submitted 3 months ago by [email protected] to c/[email protected]

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A new analysis from The Washington Post reveals that just 50 megadonors are responsible for $1.5 billion in campaign cash for the 2024 presidential cycle.

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[–] [email protected] 6 points 3 months ago* (last edited 3 months ago) (1 children)

The results will benefit these 50 people no matter who wins. Even if their preferred candidate loses, the other one will serve their interests. That's why they donate to both.

They definitely prefer Republicans over Democrats, but let's not overestimate it.

[–] bazus1 2 points 3 months ago (1 children)

You're correct, that they can and often do donate to both sides of the two-party system, but you're missing that it's money candidates need to bring awareness and amplify their message, motivating people to vote them into office. If the voting doesn't matter, if the whole result is a foregone conclusion, the money and influence campaign is meaningless and doesn't occur.

[–] [email protected] 2 points 3 months ago

Voting matters in the sense that you get to pick which donors get to control the government. That's it.