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Robert Reich@rbreich.bsky.social |
50 billionaire families have spent $600 million+ on the 2024 elections, which is .06% of their total wealth. The equivalent donation for an avg household would be ~$100. This means 50 billionaires have the political-spending capacity of 6 million American families. Oligarchy.
7 replies 115 reposts 294 likes
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E
@fiddledeedum.bsky.social
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also...
about those trickle-down shenanigans
"'...between 1981 and 2021 transferred $50 trillion from the bottom 90% of the U.S. to the top 1%'"
digbysblog.net/2024/05/24/d...
1 replies 3 reposts 7 likes
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Flux π€π©Άππ€
@fluxandflow.bsky.social
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They also have built in force multipliers because of the influence their capital has on industry and economies.
They also coordinate (see the phone tree used to lean on NYC to crack down on Gaza protestors)
www.washingtonpost.com/nation/2024/...
0 replies 7 reposts 3 likes
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@jimjoe.bsky.social
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Well, 6 million American families don't need to give $100 to make a few wealthy either! We'll keep it for our rainy day.
0 replies 0 reposts 1 likes
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Andrea Hacker
@ahacker.bsky.social
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Untenable
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Steve Ritacco
@computermuse.bsky.social
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Can the masses wake up and give the country progressive super-majorities to fix this mess? It's the only solution. Otherwise we sink further into dysfunction until revolution and political upheaval are the only way out.
0 replies 0 reposts 0 likes
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TheeBoneDaddy
@theebonedaddy.bsky.social
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Nah. Their spending "capacity" could be much higher. So far this is all they've chosen to spend.
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Β kaiwhiu Β
@aotearoa-nz.bsky.social
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0 replies 1 reposts 6 likes