Today the Times printed a front page map with the locations of 158 families who have given 1/2 of the money spent so far this presidential election cycle. The amount was $176 million, and most of the money–big surprise here–went to Republican candidates.
The families are concentrated in a few areas of the country. New York and the Palm Beach area had the largest groupings. The article also pictured eight of the homes of these families in one neighborhood in Houston. The homes are amazing; they make the mansions on Newport, Rhode Island, look lower middle class.
Where was the wealth generated? As you might expect, the largest single group of people who gave $250,000 or more was from hedge fund, private equity, and venture capital investors, followed by other securities and investments.
These are not “job creators.” They do not add to the strength of the nation. They move money around, and they are ticks sucking the financial blood out of the body politic, then turning around to corrupt the system.
Democracy is not the right word to describe our form of government. The correct term is plutocracy.
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