| Title | Just 158 Families Have Provided Nearly Half of the Money for Efforts to Capture the White House | |
| Date | Tuesday October 13 2015, @12:08PM | |
| Author | janrinok | |
| Topic | ||
| from the broken-system dept. | ||
They are overwhelmingly white, rich, older and male, in a nation that is being remade by the young, by women, and by black and brown voters. Across a sprawling country, they reside in an archipelago of wealth, exclusive neighborhoods dotting a handful of cities and towns. And in an economy that has minted billionaires in a dizzying array of industries, most made their fortunes in just two: finance and energy.
Now they are deploying their vast wealth in the political arena, providing almost half of all the seed money raised to support Democratic and Republican presidential candidates. Just 158 families, along with companies they own or control, contributed $176 million in the first phase of the campaign, a New York Times investigation found. Not since before Watergate have so few people and businesses provided so much early money in a campaign, most of it through channels legalized by the Supreme Court's Citizens United decision five years ago.
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printed from SoylentNews, Just 158 Families Have Provided Nearly Half of the Money for Efforts to Capture the White House on 2024-05-10 04:15:56