The major advantage to a political dynasty today (March 2015) is in fundraising. With the huge costs of running for office; the financial connections of a dynasty makes it difficult for all but personally wealthy individuals to run for office. The major disadvantage is that these same financial contributors want something in exchange for their money, so the state, governorship, Senate, or Congress is disadvantaged when votes cast favor those who bought them, instead of what is best for the country or state.
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