Ian Vandewalker is senior counsel for the Democracy Program, where he works to address the influence of money in politics and foreign interference in U.S. elections.
Independent presidential candidate Robert F. Kennedy Jr. announced Tuesday that his pick for vice president is Nicole Shanahan, a wealthy tech entrepreneur and lawyer. Shanahan’s prior political activity seems to be limited to giving money, including a $4 million donation to a pro-RFK Jr. super PAC to help fund a Super Bowl ad. Kennedy’s campaign has raised far less than the 2024 front-runners, and he may see a running mate with the ability to self-fund as necessary to keeping his bid afloat.
In the 2022 congressional elections, 44 candidates each spent more than $1 million of their own money on their bids, and only six won. Billionaire Michael Bloomberg, the former mayor of New York, spent $1 billion on his own 2020 presidential campaign, which lasted just three months.Even though they often lose, self-funders distort politics. Their unlimited spending helps drive up the costs of campaigns, making them too much of a rich person’s game and limiting the choices available to voters.
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