The concentration of spending by wealthy mega-donors in our elections is even greater than previously thought. A report by Issue One, a nonpartisan campaign finance reform group, released last month showed that for every $13 spent in U.S. elections, $1 was contributed by one of twelve mega-donors and their spouses. That’s over $3.4 billion spent… Read more
Tag: Mike Bloomberg
Buying Candidates is a Symptom of Oligarchy
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It was a Freudian slip of epic proportions. Former New York City Mayor Mike Bloomberg, describing the House’s partisan flip in 2018, bragged that he “bought” the new Democratic majority for $100 million. He quickly corrected himself, but the damage was done. Bloomberg is one of two self-funding billionaires in the Democratic primary. After his… Read more