Comment on Billionaires Flex Historic Power in Campaigns

Billionaires Flex Historic Power in Campaigns

Axios: “In an election that both sides see as existential, the moral guardrails for political spending are vanishing. Today’s billionaires are shredding populist taboos, driving news cycles and increasingly shaping the terms of American democracy.” “The big picture: 150 billionaire families have spent a total of $1.9 billion in support of presidential and congressional candidates this cycle.” “That’s $700 million (or 58%) more than the $1.2 billion spent by more than 600 individual billionaires during the 2020 election.” The Financial Times reports that billionaires had contributed at least $695 million, or 18%, of the total funds raised by the presidential candidates and allied groups. Politico: Mark Cuban shows Democrats what they’ve been missing.

 

Comment On This Story

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More Politics News