1) NO candidate for elected post in the United States shall accept any contributions except from voters who are eligible to vote for the post they are seeking.
2) Voters may pool their funds ( eg. PAC's ) but all funds MUST remain traceable back to eligible voters per Sec 1.
3) Funds may be spent by the candidates in any way they choose,
. including transfer to another candidate providing the receiver would have been able to receive those funds directly per Sec. 1.
4) ALL records shall be public and immediately accessible by any interested party.
No chance that this could happen, but it would solve much of the corruption problems.
It won't happen. The fundamental problem of democracy is --How does the establishment ensure that no matter how the voters vote, the winner will be acceptable to the establishment?
The empowering of the Democrat and Republican parties by law to choose candidates and fund their campaigns goes a long way toward solving that problem. Furthermore, it is lots more convenient and safer for the establishment to fund the parties and candidates via corporations and other organizations that they control than to do so personally and publicly.