When it comes to political campaigns in the United States, money talks. In the 2020 election, President Donald Trump and challenger Joe Biden spent a record-breaking $5.7 billion combined, setting a new standard for US presidential elections. Fast forward to the current campaigns, and Vice President Kamala Harris and former President Trump continue to rake in millions in donations, mainly from wealthy individuals and corporate backers.
Big donors, like tech investor David Sacks and Tesla CEO Elon Musk, are throwing their weight behind candidates, hoping to influence policy decisions. The rise of super PACs has opened up new avenues for massive donations, bypassing traditional campaign finance limits.
While some argue that campaign donations have little impact on election outcomes, the influence of big money in US politics is undeniable. Wealthy donors often gain access to policymakers, securing positions of power and influence long after the votes are cast.
While many Americans express concerns about the role of money in politics, changing the system requires political will and a shift in public opinion. As the 2024 presidential race heats up, the debate over campaign finance reform continues to shape the future of US democracy.
