Earlier quoted context omitted.
> Each election is won, 75 - 90% of the time, by the candidate who spends the most. Source? Tell that to Meg Whitman. The biggest problem I have with the argument about limiting the amount of money that can be spent in elections is that it essentially implies that the electorate is uneducated and easily swayed. So shouldn't the solution be a more informed (however you want to do accomplish that) electorate?
https://www.opensecrets.org/news/2008/11/money-wins-white-ho... Here are quite a few numbers that back his claim. There are of course exceptions, but for the most part the candidate with the most money wins.
There's plenty of cases were elections where for one reason or another the money tips the opposite direction of those advantages -- and the money loses, while the structural advantages win.
Money is nice, but there's plenty of reason to think that it is more likely to be the product of structural electoral advantage than the source of it.