[gottorf]

> You’re effectively subsidizing the acquisition of power by interested parties with taxpayer money, while simultaneously cementing an additional incumbent advantage for those already seated and able to write the rules for the public funding of elections.

This is a very good point. And if we can generalize: it's very difficult to regulate something in a way that does not eventually advantage those already inside over those on the outside looking to come in; industry regulations, rent control, minimum wage, etc.