Earlier quoted context omitted.
It violates the principle of free speech (even if it does not violate the letter of the law in the first amendment). There is nothing inherently bad about paying $1000 (or $1M) for a political ad. For a mental image, someone paying for a political ad could be running for school board in a medium sized city. A ban on all political ads would restrict that person's ability to explain why they want to be on the school bo…
I don't buy that argument, which just rewards whoever has the most money to throw at the advertising market (Bloomberg's signal failure in this regard doesn't invalidate the general problem). I like the clearly labeled and non-sensationalistic statements in voter information booklets, myself. I am of course speaking in general terms about future elections rather than making drastic adjustments in the middle of this o…
Moreover, FB banning political ads doesn't end the advantage of having more money. It just channels that money somewhere else (TV ads, hiring door-to-door campaigners).