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In this quote, Harry Reid is arguing against the growing influence of wealthy donors and “billionaires” in politics. By stating that American families “cannot compete with billionaires”, Reid is suggesting that ordinary citizens cannot effectively participate in the political process when vastly rich individuals and organizations are able to vastly outspend others.
Reid also implies it should not be the case that one’s “involvement in government” and ability to impact elections depends primarily on the size of their personal “bank account balances”.
The best interpretation is that Reid believes political participation and influence should not be dictated by wealth, and that current campaign finance realities place ordinary Americans at a disadvantage against ultra-wealthy interests.
— Represent.Us (@RepresentDotUs) March 9, 2015