In the US, money flows freely into the political arena. \u00a0 Citizens who object to this river work to overcome a Supreme Court decision that corporations are people. \u00a0It seems to the editors of this website that we would be better off shortening the political season and making politics open to all comers. \u00a0Newton Minow, who was head of the FCC, suggested free media time \u00a0 Shortening the season would also help. \u00a0Turns out currently 158 families are contributing astronomical sums, most of them to Republican candidates.<\/p>\n
Now they are deploying their vast wealth in the political arena, providing almost half of all the seed money raised to support Democratic and Republican presidential candidates. Just 158 families, along with companies they own or control, contributed $176 million in the first phase of the campaign, a New York Times investigation found. Not since before Watergate have so few people and businesses provided so much early money in a campaign, most of it through channels legalized by the Supreme Court\u2019s Citizens United decision five years ago.<\/p>\n
These donors\u2019 fortunes reflect the shifting composition of the country\u2019s economic elite. Relatively few work in the traditional ranks of corporate America, or hail from dynasties of inherited wealth. Most built their own businesses, parlaying talent and an appetite for risk into huge wealth: They founded hedge funds in New York, bought up undervalued oil leases in Texas, made blockbusters in Hollywood. More than a dozen of the elite donors were born outside the United States, immigrating from countries like Cuba, the old Soviet Union, Pakistan, India and Israel.<\/p>\n
But regardless of industry, the families investing the most in presidential politics overwhelmingly lean right, contributing tens of millions of dollars to support Republican candidates who have pledged to pare regulations; cut taxes on income, capital gains and inheritances; and shrink entitlement programs. While such measures would help protect their own wealth, the donors describe their embrace of them more broadly, as the surest means of promoting economic growth and preserving a system that would allow others to prosper, too.<\/p>\n
![\"Mega](\"http:\/\/www.w-t-w.org\/en\/wp-content\/uploads\/2015\/10\/Koch-Brothers.jpg\")
<\/a>Mega donors to US politicians<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"
In the US, money flows freely into the political arena. \u00a0 Citizens who object to this river work to overcome a Supreme Court decision that corporations are people. \u00a0It seems to the editors of this website that we would be … Continue reading