This would certainly make if much more difficult for third parties and independent candidates (unless they are filthy rich) to run effectively and be elected to public office.
It seems to me that this plan, together with the McCain/ Levin proposal to formalize in a law the end of due process as we know it, are all pieces of an elaborate design to crush any legal opposition to the ruling class control of power.
This is not good at all. The one great virtue of our system was its fluidity and upper mobility. With these steps, we will have a ruling cast, like a exclusive club where no one else is allowed.
OWS should have taken on the goal of pushing for a constitutional amendment to overrule the U.S. Supreme Court decision “Citizens United vs. FEC”, thus defining ‘person’ and restricting donations to real persons eligible to vote, with a monetary limit. It is a shame that the movement is all over the place, politically speaking. It should have developed into something more coherent with a solid platform by now.