The Hundred Rich People Who Run America – Mark McKinnon 01.05.15


Nicholas Kamm/AFP/Getty

A hundred ultra-wealthy liberal and conservative donors have taken over the political system. Do we have the guts to take it back?

We are well past the point that anyone will be shocked or even surprised by how distorted our system of funding campaigns has become, but thanks to some excellent reporting by Ken Vogel at Politico, we now have some interesting new perspective.

We have reached a tipping point where mega donors completely dominate the landscape. The 100 largest donors in the 2014 cycle gave almost as much money to candidates as the 4.75 million people who gave $200 or less (and certainly that number goes from “almost” to “more” if we could include contributions that are not required by law to be disclosed).

Think about this for a minute. This is consequential. It means that candidates running for office are genuflecting before an audience of 100 wealthy individuals to fuel their campaigns. So, whose bidding do we think these candidates are going to do? Is it any wonder that the interests of large corporations and unions get to the front of the line?

Liberal Democrats like to blow their bugles about how all the big money in politics comes from rich Republicans. Actually, as Vogel points out, 52 of the 100 top donors are Democrats, and the number one donor by far is Democrat Tom Steyer, who chipped in $74 million.

At least we’ve achieved some bipartisanship somewhere in our political ecosphere. Both parties are now equal opportunity offenders when it comes to gaming the system.

But I don’t fault Steyer or the Koch brothers for trying to exert their influence politics and public policy. They have strongly held beliefs and issues they care about deeply, and they are simply spending a lot of their money to try and change things in a direction they believe would be better. Nothing illegal or unethical about that.

Article continues:

http://www.thedailybeast.com/articles/2015/01/05/the-hundred-rich-people-who-run-america.html

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