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submitted 1 month ago by BrikoX@lemmy.zip to c/usa@lemmy.ml

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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[-] queermunist@lemmy.ml 7 points 1 month ago* (last edited 1 month ago)

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@lemmy.world 2 points 1 month ago

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.

[-] queermunist@lemmy.ml 2 points 1 month ago

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

this post was submitted on 27 Aug 2024
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