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A top concern raised by critics of the Supreme Court's 2010Citizens United decision was that it would unleash a torrent of poorly disclosed, if disclosed at all, spending by the superwealthy. Evidence continues to mount that's precisely what's happening.
A few people with a lot of money are responsible for the majority of contributions to superPACs, according to a new analysis by two watchdog groups.
It’s no secret that some very rich people support the super PACs and other groups that have inundated the 2012 campaign with unlimited sums of cash. But a study to be released Thursday details the extent to which this kind of donating is the sport of the One Percent.
WASHINGTON – The Top 5 “dark money” spenders on presidential election ads have reported less than 1% of their spending to the FEC, which is all that is required by the agency’s insufficient standards, according to a new report analyzing the latest campaign filings.
"Today’s outside spending groups act as megaphones for moguls and millionaires. The more money they pump in, the louder they’re able to amplify their voices—until a few wealthy individuals and interests are dominating our public square, drowning out the middle and working classes.”
Amid all the attention to Ted Cruz's senate primary victory in Texas, few seem to have stopped to ask an obvious question:
Can Cruz really be seen as the face of a younger, more diverse GOP when his victory is yet more evidence of the conquest of that party by a Tea Party fueled by the reactionary anger of older white conservative hardliners?
Ted Cruz may speak like a Tea Partier, but he certainly doesn't look like one. According to a CBS News poll taken in 2010 of Tea Party supporters:
Equality is a funny thing in America. For the most part, Americans don't fret that much about economic inequality and yet are said to believe deeply in civic equality -- the idea that everyone should have an equal say in our democracy and be treated the same under the law, no matter how high or mighty they are.
We tend to think it's okay that Bill Gates has a bazillion dollars. But we don't think he should be able to buy politicians or buy his way out of trouble with fancy lawyers.
Local governments across New York State are collecting less in taxes, burning through their cash reserves and running up deficits, according to a report released Wednesday by the state comptroller.
Back in March, I wondered why states would willingly lose hundreds of millions of dollars annually to Internet sales tax. After all, the amount of money left on the table is staggering:
In a presidential campaign of substance, one great question that the candidates -- and nation -- could debate is this: How much does economic success stem from individual initiative and talent, versus the collective support offered by society?
If individuals are all-important, smaller government and fewer public supports might make sense. But the opposite is true if it is society that structures opportunity.