The 0.01% of the population who …
… contributed a quarter of all the money spent in the 2010 elections.
… contributed to the 2010 elections on average more than the average American citizen makes in an entire year.
… contribute 80% of the money raised by the political parties.
… are becoming increasingly important to all politicians, and without whose backing it's difficult for a candidate to be taken seriously.
That doesn't sound like democracy. #ddtb
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The Political One Percent of the One Percent
This piece was prepared in collaboration with Ethan Phelps-Goodman. If you think wealth is concentrated in the United States, just wait till you look at the data on campaign spending. In the 2010 elec…
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