American billionaires’ financial influence in politics has increased dramatically in the past few campaign cycles, according to a new report, with the tiny group of America’s wealthiest now accounting for nearly 10% of all federal campaign spending—a number that was below 1% before the 2010 Supreme Court decision in Citizens United v.
Billionaires only accounted for 0.3% of federal election spending in 2008, according to the report, but that number ballooned to over 9.5% during the 2018 midterms.
It’s amazing how eager they were to flex their financial privelege. “Let’s follow the Black President, we can buy this election, because if it’s one thing we know the feeble minded revere and respect, it’s money! Forget experience.”
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