Articles from seekingalpha.com by Gary Gordon, retired stock-broker and prolific serial investment bullshit artist:
Joe Biden (to Rich Donors 18-Jun-2019)
Freedom To Vote Act: "To expand Americans’ access to the ballot box and reduce the influence of big money in politics, and for other purposes"
The "Freedom to Vote Act" is presented as a voting rights initiative to rollback evil state-level Republican voter discrimination laws, but in reality it's the other side of the two-pronged assault on third parties and diversity of candidate choice. The unspoken objective is to further duopoly lockdown using GOP gerrymandering and voter restrictions to escalate dozens of restrictions/stipulations on ballot access (candidate funding). The Act centralises campaign financing (including public funds) with big party committees, inevitably excluding challenges from within (e.g. Bernie Sanders).
Under H.R. 1, wealthy donors can effectively circumvent the candidate contribution limit by giving to the party committees directly and have them funnel up to $300 million forwarded candidates, effectively raising the amount big donors can contribute to a candidate to more than $115,000 in a year. H.R. 1 program would replace the 1:1 match in public funding with a 6:1 match, but simultaneously increase the minimum amount of donations (to get matched) by 500% to a minimum of $25,000 in each of 20 states. It would also increase the minimum number of contributions to reach it by 625%.
"Removing the general election public funding grant, H.R. 1 also eliminates the other existing opportunity for minor parties to benefit under the current public financing law, where any party that receives between 5% and 25% would get a pro-rated portion of the public funding in the next election that the major party candidates do. Greens and Libertarians have long argued that a vote for their candidates helps them to get to 5%. Raising the primary election matching funds threshold helps ensure only a limited number of anointed candidates qualify for it, to eliminate those pesky others who stay in primary race too long."
"The Act removes voters’ ability to fund 100% clean money and grassroots campaigns via matching funds, while increasing the role of big money in elections, and limiting voter choice to vote for other than major party candidates — the latter which itself is a de facto form of voter suppression, by removing a positive incentive for many voters to vote. Masters of lesser-of-evilism, Democrats have set up the Devil’s bargain in H.R. 1 — accept a further entrenched duopoly in exchange for your right to vote.