Your Election is being Bought by 47 Billionaires (and they are Buying War, Climate Change)
Your Election is being Bought by 47 Billionaires (and they are Buying War, Climate Change)
Posted on 08/14/2012 by Juan
The Public Interest Group Education Fund and the NGO Demos released a study in early August on the financing of the presidential campaign.
They found that nearly 60% of the almost quarter of a billion dollars raised by Super PACs from individuals derived from just 47 people, who gave at least $1 million each (obviously some gave much more).
47 people. That’s democracy?
Of these 47, the most generous (or greedy) are Sheldon Adelson and his wife, who gave $36 million themselves. Since the total known amount from individuals is $240 million, some 15 percent of the individual contributions, or one-sixth, are coming from one family.
