Heck yeah, let's go.
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It's not just aimed at artificial persons based in Montana either. It's for any entity that operates or conducts business in Montana. I'm sure they'll find a way to ruin it in the Supreme Court but it's a win for now.
This is a wonderful thing to read. I don’t think other states ought to wait to pass similar legislation.
Its crazy that they even have to. The laws that prohibited this exist already, but in one of the most disastrous bad faith court rulings in modern history, "artificial persons" came into being as a legal term about 100 years ago.
Sane and good faith people know there is no such thing.
Thing is, California has way more billionaires than any other state, even when you account for total population.
Add the fact that the corporatist conservative wing of the Dem party has a lock on all facets of state government, and it becomes a real uphill climb to make those corrupt fuckers carry out the will if the people 😮💨🤬
Idk about disciplining billionaires, I'm no lawyer but it seems they're only prohibiting "artificial persons" from donating to political campaigns. Elon musk a "real person" can still donate all he wants.
It's a step, but trying to limit how money itself is spent will always create loopholes your opponent has better lawyers than you to exploit. Imho the better way to discipline billionaires would be to change tax code such that borrowing money against securities or anything like it (such as stock) is counted as realizing their value, which would trigger capital gains tax obligations.
It'd have somewhat similar effects to a wealth tax with way less administrative load for the state. The only exception I would grant is when you're buying a single-person/single-family residential property you're going to be living in yourself.
A giant wealth tax would have been better than a thin veneer of campaign finance reform.
The initiative prohibits what it describes as “artificial persons” — which includes corporations, nonprofits, trusts, partnerships, and trade associations — from giving money to political campaigns.
I guess that's fine. But it doesn't do anything to prevent these organizations from advertising and voter mobilizing independently of a campaign.
SuperPACs are functionally unaffected
Sounds great but I'll believe it when a corporation tries to do it and suffers consequences more severe than a slap on the wrist.
Sounds nice but how much of campaign funding these days is done by "artificial persons"?
At least here we have disclosure laws where we see the top 3 donors to an ad and most of the time it's a real person who's just very rich, eg. Sergey brin donating $100 million to stop the billionaire tax. The one weird exception this time was open AI and anthropic supporting the local transit measure.
They use cash in Montana?
Cattle is also legal tender there.
One of the things driving me up the wall about campaign money over the last couple elections is that I’m being asked for money to fund the campaigns of people who I’m not even a constituent of.. Why am I being ssked for money to fund Talarico when I don’t even live in Texas?
Sometimes to better understand things you have to go back to the basics. The word “politics” consists of the Greek root “poli” meaning “many” and “tics” meaning “blood-sucking parasites”.
But more seriously it’s because your local senator was probably not up for reelection this year but flipping the senate was still to your advantage.
if you give any $ at all even once before at any level your going to be donor lists for everyone on your side, that's just how this whole system works. only way to curb that would probably be properly publicly funded political campaigns (as various other countries have, canidates get x set amount of $/set % of airtime alotted to them etc.).
and well...in the US, due to the various levels of disenfranchisement, on average for most their national level politics is basically a non-choice. if you live in a state where practically nothing past the local/city level actually matters but you still want to support non-lizard canidates...best thing you can do is either donate $ or time, and $ is generally easier to come by
in a capitlistic hellhole like the US though...you can't reach 8-900k (average rseat/pop ratio now iirc) without alot of $. was actually part of the reasoning for capping House seats, to curb a previous rise of populism that threatened US political establishment. make campaigning expensive and then you need approval of wider party/corporate (or lots and lots of volunteers, for upsets) interests to even have a shot.

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