Campaign Finance Reform?

Financing political campaigns is still a problem, even after the passage of the McCain-Finegold reform act. But there is a relatively simple way that campaign finance can be made much fairer.
First, let people and organizations contribute as much as they want to the campaign. Second, if the amount is $100 or less, they can contribute the full amount to any candidate they want. But if the amount is more than $100, the donor must specify one candidate to get 60% of the money and one of the other candidates, if more than one, to get 40%. This arrangement will ensure that each major candidate will probably have enough money to compete effectively, while still allowing people to back their favorite.

Another effect would be the elimination of most uncontested or sham races. With a substantial amount of money available for campaigning, you will always be able to find a suitable opposition candidate.