Argument: The focus of elections should be on policy, not personal issues like financial records

Discussion of candidates’ personal finances serves only to obscure the real issues facing society. When the focus becomes on how much tax Candidate X paid and what loopholes he or she exploited, the media tends to latch onto it. It sells more newspapers and gets more hits online to make a salacious story about the financial “misdeeds” of a candidate than to actually discuss what he or she stands for. It fuels the growing tendency of the media to attach itself to petty commentary rather than real investigation and analysis. Ultimately, an examination of the personal finances of a candidate tells voters little about what he or she stands for on the issue of state finances. Throughout history, personal financial success has been shown to not necessarily correlate with political acumen. For example, William Pitt became the young, and one of the longest-serving Prime Ministers of the United Kingdom, yet he was in extreme debt when he died. [1] Narrow attention paid to personal finances takes up people’s limited time available to consume useful information to direct their voting, and the news media have limited air time to discuss issues. It is best that both use their time to maximum effect, and not be sidetracked by distractions.

[1] Reilly, Robin (1978). Pitt the Younger 1759–1806. Cassell Publishers.

Candidate 1: "Firstly, personal wealth may not be indicative of political belief. Wealthy people can be advocates for higher taxes and workers’ rights. Secondly, maybe creating class awareness is not such a bad thing. The revelation of candidates’ personal finances will help show average voters what their leaders are actually like, that they have acquired great wealth and seek to protect it. Consciousness about these things can only help to galvanize political participation and to stoke real discourse about things like the proper distribution of wealth, issues that often fall foul of the political mainstream of party politics."
Candidate 2: "So long as politicians do their duty by representing the interests of those that elected them, they are fulfilling their end of the covenant with the people. To demand the financial records of candidates will not offer more than crude snapshot of one aspect of their lives, not giving the desired insight into their character, while massively intruding on the politician’s personal life. As is often the case here the right to know conflicts with the candidates right to privacy. Of course it is right to know if a candidate pays his taxes, but do they need to know every expense he has incurred over the last few years or how much a candidate earned years ago?"
Candidate 3: "Personal finances mean little when it comes to financial policy. Trying to glean any sort of financial acumen on the macro scale from private dealings is extremely misguided. Successful business leaders often make poor political leaders, as the world of business is very different from the horse-trading of politics. [1] In terms of leading others as one leads one’s own life, there is no reason to assume that a candidate who has used the system to his or her advantage would use the additional power of office to enrich themselves or their friends further. Mitt Romney was an effective governor of Massachusetts, and was willing to increase taxes that were personally costly to him.

[1] Jenkins, H. “Good Businessman, Bad President?”. Wall Street Journal. 23 October 2012, http://online.wsj.com/article/SB10001424052970203406404578074620655476826.html"
Candidate 4: "Tax avoidance is not illegal, and it should not be treated as if it were by the prying media and would-be class-warriors. Even if one might think it unpleasant to look for loopholes to protect private wealth, it is really only natural for people to wish to pay no more than they have to in tax. Mitt Romney was simply using the skills that allowed him to be a great business success to keep his costs as low as possible. Trying to make a political issue out of these sorts of dealings only serves to obscure from the real policy issues, and to focus the debate on divisive and unhelpful issues of class war."
Candidate 5: "While elections should of course focus a great deal of attention on policy, it is also critical that voters understand who exactly it is they are voting for. That means looking beyond the manifesto and getting an understanding of the candidate’s character and private dealings. Having access to their private financial records can go a long way toward revealing this information, as they provide valuable insight into both the candidate’s financial abilities, and his or her attitude toward the state."
Candidate 6: "Privacy is a right but it is not sacrosanct, and certainly should not be for people who serve the public. Freedom of speech is considered sacred in a free society, but anyone reasonable would agree that shouting “Fire!” in a crowded theatre is not given such protection, showing that even the most treasured rights are curtailed in the public interest. Both the special position of politicians as the effective embodiment of the people’s will, and the special power they wield, which is far vaster than that of any private agent, demands a higher level of scrutiny into their backgrounds, which means looking into their financial records, which can divulge much about their competence and character."

While elections should of course focus a great deal of attention on policy, it is also critical that voters understand who exactly it is they are voting for. That means looking beyond the manifesto and getting an understanding of the candidate’s character and private dealings. Having access to their private financial records can go a long way toward revealing this information, as they provide valuable insight into both the candidate’s financial abilities, and his or her attitude toward the state.
