A group of influential Internet moguls aim to fix what they refer to as the big money problem in Washington politics by, well, raising cash. Forming a Super Political Action Committee (PAC) called Mayday, the executives hope to raise $12 million by the midterm elections in November in hopes of supporting candidates who are committed to changing how elections are financed. Apple cofounder Steve Wozniak joined the campaign late last week, alongside Union Square Ventures Fred Wilson; Their approach – using big money to fight big money – may seem odd, but the organizers note on the campaign website that they embrace the irony. You have to work with the system youve got, said Harvard law professor Lawrence Lessig, who along with Republican strategist Mark McKinnon came up with the idea to form a Super PAC.
Tech moguls raise cash to fight Washington’s ‘big money problem’
24
Jun
2014
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