Key elements of the German system reduce the power of concentrated wealth in elections
Several key elements of the German system reduce the power of concentrated wealth:Since 1958, political parties have received government funding. Private donations are encouraged as well, in part by tax breaks: Individuals may deduct from taxable income half their donations below €3,000 (twice that for joint returns). Or they may claim a tax credit of €825 (€1,650 for joint returns).Private and corporate contributions are not limited but transparency laws are strict: Contributions of more than 10,000 euro per year must be disclosed.