NY:Norton 2002, Tonnahill, Neal R, North american government: insurance plan and politics, 11th ed, Pearson review edition 2012. . Statistics that don't verify anything apart from money equals vitality and access. In that way, money could equal happiness. There is no “power” over others when you have persuaded them to voluntarily hand over their dollars for your goods or services. It may also attract candidates who don’t want to waste too much time in their campaign raising money if the budget is right [25] . $123 million is the approximated amount spent by dark money. Money can buy time. If the recent financial crisis in the United States and around the world has taught us anything, it is that the policy areas of finance, insurance and real estate are all intertwined. The scholarly literature suggests that campaign finance reform doesn’t matter as much as people think. Some variation of this scheme goes on every day. Incumbents have the benefit of being well known and established and therefore do not need to spend vast amounts on creating public awareness. Study for free with our range of university lectures! Company B comes along and offers stiff competition to Company A. Some of the most important reforms included requiring lobbyists to electronically file their reports, establishing a disclosure database on the Internet, requiring that campaign fundraising by lobbyists be disclosed on the Internet and the prohibition of gifts and travel by lobbyists for lawmakers (Holman , 2009, pp.6-9). Why is this? . It may also attract applicants who don't want to waste materials too much time in their campaign bringing up money if the budget is right. How Does Money Equal Happiness Essay 727 Words | 3 Pages. United States Court of Appeals for the District of Columbia Circuit , Speechnow.org v. FEC. PACs are organisations created through the FECA to permit these organisations to raise and disperse money to campaigns, allowing additional money to be directed at candidates. As with the Ways and Means Committee above, the sector contributing the highest amount to all members of this Committee in the 2010 election cycle is the finance, insurance & real estate sector with $10,985,816 coming  from PAC’s and $28,233,739 coming from individual donors. They feel if they don’t have much money, they are not worth much as a person and if they have a lot of it, they are indeed of great worth as a person. But interest categories and PAC's as reviewed above look after and promote their own interests, they can do this by emphasising the negatives of another candidate through negative campaigning or concern advocacy or by promoting the positive aspects of the applicant they are aiding. These figures alone show the eye watering large amounts of money spent today by those in politics. An organisation must be open to the idea that some measures changes over time. There are two reasons why businesses become involved with the government. It has gone from success, freedom, and happiness to having lots of money and the nicest possessions. They usually have a nice house, car and other assets. Mainly it is due to the growth of Super PACs and dark money [16] . 42, no. As political scientist E.E Schattschneider said “the flaw in the pluralist heaven is that the heavenly chorus sings with a strong upper-class accent” [10] . The practice of lobbying has, in some form or another always existed in American politics, and involves a process whereby individuals are financially incentivised to try to influence and persuade politicians in positions of power to support a particular policy option. In conclusion, the situation is that lots of of the ideas for reform have as many positives as negatives, there seems to be no immediate way to resolve the condition of corruption within the politics system and to prevent money from equalling power. What bonds each of the industries in this sector together are their opposition higher corporate taxes and the regulation of hedge funds or financial instruments, such as derivatives (Ibid). *You can also browse our support articles here >. Available: http://www.opensecrets.org/news/2009/12/stakeholders-in-health-insuran.html [2012, 01/09]. Politics scientist say that the efforts of PACs does not have a major effect on legislators decisions, this is because although there is a direct correlation between donations and votes, there is no proven marriage between donations and lawmakers decisions. 3  Pages. Reference this. 7th ed. Katznelson, I., Kesselman, M. & Draper, A. If we know how to face them, we will get what we want. Company Registration No: 4964706. It seems only logical that these wealthy interests would want something in return. F. Scott Fitzgerald, Parvenu, The Great Gatsby 1282  Words | The aim of this act was not to stop the practice of lobbying but to make the process of campaign financing more transparent (Holman , 2009, p.4). nytimes. Available: http://www.opensecrets.org/politicians/summary.php?type=C&cid=N00009869&newMem=N&cycle=2012 [2012, 01/08]. 2 million was the common spent by senate incumbents, these amounts which we will equate to those of challengers to see if there is any inequality. Interest groups and PAC's are improbable to utilize their financing to compare the individuals in a good and democratic way in the aim of giving the general public a good and even view of every candidate. Bush easily received the nomination he needed but then used public funding in the general election as he has the awareness of his campaign already generated. January 13, 2015. One of the most obvious examples is politics.