Politics
Out of context: Reply #19022
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- utopian0
Just 158 Families Dominate U.S. Presidential Campaign Contributions
fter looking at the donations made to the current crop of presidential candidates, the New York Times reports that $176 million, roughly half of all the money contributed during the first phase of the campaigns, came from only 158 families and the companies those families control. The demographic details about these donors, all of whom gave $250,000 or more, will not likely come as a surprise: The majority are conservative, with 87 percent supporting Republican candidates, and the majority are also white, male, concerned about their privacy, and most of their money has not been made via inheritance or more established American corporations, but has been self-made from risky endeavors in the finance and energy industries. In addition, most of the donors lived near just nine U.S. cities, often as neighbors. One family who earned billions in the recent natural-gas fracking boom, the Wilks of Texas, have donated a nationally leading $15 million, all to Texas senator Ted Cruz. Indeed, the report says that many of the donors, regardless of political affiliation, have supported revolution or reform-minded candidates like Cruz. Also, an additional 200 families donated $100,000 or more, meaning that well more than half of all presidential campaign contributions during the targeted time period came from less than 400 American households.
- How the hell is this shit legal? This is a democracy???iCanHazQBN
- Power corrupts. You give politicians power of economic planning for the greater good and you create a market for every greedy person to lobby for specialdeathboy
- legislation, and than even honest companies/people have to donate just as defense. Really just need to reduce the power of the fed/gov on economic planningdeathboy
- Seperate that power by reducing importance of fed and making states compete with policy instead.deathboy