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 you've got," said Harvard law professor Lawrence Lessig, who along with Republican strategist Mark McKinnon came up with the idea to form a Super PAC.
via Tech News Headlines - Yahoo News http://ift.tt/1uZzGTk
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