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There are plenty of examples in use, for decades, in Europe and around the world to take inspiration from:On what basis do you fund? Number of MP's share of vote? Don't parties serve their members, who pay membership fees?
https://en.wikipedia.org/wiki/Political_party_funding#Donations_and_SubscriptionsIn many other democracies such subsidies for party activity (in general or just for campaign purposes) have been introduced decades ago. Public financing for parties and/ or candidates (during election times and beyond) has several permutations and is increasingly common. Germany, Sweden, Israel, Canada, Australia, Austria and Spain are cases in point. More recently among others France, Japan, Mexico, the Netherlands and Poland have followed suit.