Lessig's Anti-SuperPAC SuperPAC Raises First $1 Million In Just 12 Days

from the off-to-a-great-start dept

We're a little late on this (past few days have been quite busy...) but Larry Lessig's SuperPAC to end all SuperPACs has hit its first target way early. As you hopefully remember, the goal was to reach $1 million in 30 days, which would then be matched by an (as yet) unknown donor, followed by a second campaign to raise $5 million in June -- again matched by a donor. The plan then would be to use the $12 million to work on a few specific Congressional races to prove that it can have an impact, and then kick off in 2015 with a much bigger campaign to have an even larger impact. There's still a long way to go, but this seems like a great start:
Hopefully Lessig and the organization he's putting together will release some more data as well. $85 average is good to see, though I'd love to see more information on the breakdown of donations, including some sense of the distribution and median donations as well.

Filed Under: larry lessig, mayday citizens superpac, mayone, superpacs

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  1. identicon
    DerivedVariable, 16 May 2014 @ 3:29am

    And there you have people talk about how left wingers are naive

    I really wonder about Lessig's judgement if he thinks that his act of pissing into the ocean will actually change the system.

    5% of the population hold over half of the US wealth and since they only need to keep a smaller proportion of it on hand to maintain financial security they can also deploy more of their 61.9% of the nations wealth (looking at 2007 numbers) than someone who has their wealth tied up in illiquid assets like a house or in essential savings like a college fund for their kids. Given how much access and influence that money gives and how quickly lobbying gets mobilized once a threat to moneyed interests emerges I am certain that they'll get outspent if they ever manage to raise a significant amount of money or simply ingnored if they don't scale up to something significant.

    This is not even going into the fact that after the McComish, Citizen's United and McCutcheon rulings you'd need to get a constitutional amendment passed to do anything about campaign finance. The Supreme court has gutted any restriction on campaign financing as unconstitutional on 1st amendment grounds and any matching fund systems also as unconstitutional. Getting any constitutional amendment passed, let alone one which would be opposed by every lobbyist out there, is nigh on impossible.

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