Originally posted by Aeson
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I think the notion that the cost of campaigns dictates campaign spending is unconvincing. If the main factor in campaign spending is the willingness of people to donate to campaigns, they would have to be taking the inner workings of conducting a campaign into account for this to be true. Campaign spending is probably correlated with income, and the rich are probably willing to donate a larger portion of their income, so increasing income inequality and increasing per capita income could cause the growth in spending to outpace population growth.
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