Question

which type of financial reforms should be brought to strengthen democracy?

Answer 1

1) The financial accounts of every political party should be made public. These accounts should be examined by government auditors.2) There should be state funding of elections. Parties should be given some money by the government to meet their election expenditure.3) Citizens should be encouraged to give more donations to parties and to political workers. Such donations should be exempt from income tax.4) Most of the political parties are dependent on money given by big business houses. The worry is that the role of money in politics will reduce whatever little voice the poor have in our democracy.