I don't agree with that. It's not that private money should be banned from politics, but more voters should be encouraged to donate for their candidate.
Ok first off: that's the system we have now and it's totally, egregiously, and irreparably corrupted from top to bottom. In theory you're right - the poor and middle class
could raise enough money to win an election. But there are still two problems. 1.) the billionaires can not only outspend the poor, they also own all of the news media outlets which they use to rig the primaries so we end up nominating a geriatric dementia patient like Joe Biden who is both disinclined and incapable of representing the people of this country. And 2.) the Supreme Court has ruled twice that money is speech and they argued that restrictions on campaign donations from billionaires would be restricting their free speech: but the entire point of our Constitution is that everyone's rights should be equal....so if one person's voice is 1,000,000,000 times louder (or more influential) than somebody's else's, then the fundamental precept of equal representation is completely destroyed.
Whole idea of democracy is based on idea of balancing opposites, not on banning one or the other opposite.
No, it's about equal representation, not "balancing opposites." And if all elections are funded with everyone's tax dollars equally, then our entire population is being represented equally - as the Founding Fathers intended. This way it's not the donor class being represented, and everyone else eating shit. No special private meetings with the donors who could afford to give $1M to a politician. If their campaigns are funded by all of us equally, then they can actually start to represent all of us equally, instead of playing favorites for 100 years until our government becomes a corporate oligarchy, which is what we have now.
Influence of private money is important, because employers maintain the economy and feed the whole population.
It's never been more obvious that this is a lie. The employers do nothing to maintain the economy and feed the people: that's what the working class does. Which is why the global economy has totally tanked: the working class can't work right now and the entire system is collapsing - the employers are powerless to change that because they were never the driving force of the economy: the workers are. Management simply exploits the value produced by the working class for their own selfish ends.
For example, more money can be invested into science. It's pretty obviously with Coronavirus how much society depends on science. Specifically both corporations and ultra rich should be taxed for scientific research & development
I agree that the corporations and the billionaires
should be taxed. But at this point they've rigged the system so severely that the corporations and billionaires who are making the most profits, are paying $0 in taxes. If you paid any money in taxes last year, then you personally paid more taxes than Amazon and Jeff Bezos and General Electric combined.
A system that corrupted needs to be destroyed completely, so that a just and rational society can be built in its place. Last year I thought that was going to take a global political revolution, but it looks like nature decided to do it for us. The choice we're faced with now is "what kind of world do we want to create when this is over?" because after decades of terminal illness the current system is going extinct as we watch.