Wall Street's outsized political influence is no secret, but some new data shows just how much it's ballooned. According to the Sunlight Foundation, campaign spending by elite donors from the finance, insurance, and real estate sector has jumped 700 percent in the past two decades, far outpacing individual donations from all other industries.
"Now, more than ever, the illusions of division threaten our very existence. We all know the truth: more connects us than separates us. But in times of crisis the wise build bridges, while the foolish build barriers. We must find a way to look after one another as if we were one single tribe.” -King T'Challa, Black Panther
The truth is incontrovertible. Malice may attack it. ignorance may deride it, but in the end, there it is. ~Winston Churchill
Wall Street's outsized political influence is no secret, but some new data shows just how much it's ballooned. According to the Sunlight Foundation, campaign spending by elite donors from the finance, insurance, and real estate sector has jumped 700 percent in the past two decades, far outpacing individual donations from all other industries.
I agree 100 percent.
But the dirty criminal hippies of the Occupy movement won't be the ones to fix it.
Wall Street's outsized political influence is no secret, but some new data shows just how much it's ballooned. According to the Sunlight Foundation, campaign spending by elite donors from the finance, insurance, and real estate sector has jumped 700 percent in the past two decades, far outpacing individual donations from all other industries.
I agree 100 percent.
But the dirty criminal hippies of the Occupy movement won't be the ones to fix it.
And why have corporate donations increased so radically? Goverment spends even more money than they do with a blank checkbook and they want a piece of the action.
Limit the size of goverment and lobbying won't be as cost effective. I just read about a program to supply the poor with free mobile phones and minutes. Think some corporation lobbied to get this done? And want to bet the goverment is paying a lot of money, probably more than commercial rates.
Thomas Sowell: There are no solutions, just trade-offs.
Vice Lord wrote: But the powerfull Unions collecting $23/month from their dwindling memberships control our politics don't they? Thats what I heard on FOX news..
Union donations wield enough weight that SEIU president got access to the White House for months. Even the GE boss doesn't get that.
Thomas Sowell: There are no solutions, just trade-offs.