Earlier quoted context omitted.
Citizens United made and sold a documentary. There's no difference between that and HBO, spending limits are ultimately an attack on independent media and new media.
If you equate money spent on political advertising with votes (which I believe has strong empirical support), then failure to regulate inevitably devolves democracy into plutocracy. Assuming that's not desired, the question then becomes how best to balance free speech with equalizing commercial political speech.
> If the problem is that money can buy unlimited federal power, then you can limit the federal powers available for purchase without curtailing the freedom of the citizenry to engage in political speech as they choose.
That's completely not a solution.
But if Jo Squillionaire wants people to have the freedom to contract their labor to a certain company indefinitely in the future, then Jo Squillionaire has the capacity to advertise enough to buy back that right. But I don't necessarily have the capacity to contradict him.
A more effective solution would simply be to limit a person's capacity to accrue wealth. If there's proper income and/or wealth taxes in place people can be rich enough without being too rich.