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    Common DreamsTo inform. To inspire. To ignite change for the common good.

    reid hoffman

    Who Is Funding the Democrats Who Say 'We're Capitalists, Not Socialists'? Probably These Billionaire Capitalists

    Who Is Funding the Democrats Who Say 'We're Capitalists, Not Socialists'? Probably These Billionaire Capitalists

    An investigation found that the anti-socialist group Promise to America has ties to a PAC funded by billionaires such as LinkedIn founder Reid Hoffman.

    Brad Reed
    Jul 02, 2026

    More than a dozen corporate Democrats last week responded to upstart progressive wins in primaries by pledging their support to a political manifesto called "Promise to America," which emphasizes support for capitalism, law enforcement, and "fiscal discipline."

    A Thursday report published by Sludge about the Promise to America found that it "is closely tied to the Welcome Party, a group whose PAC has received more than half of its individual contributions from billionaires."

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    News
    corporate democrats
    Mark Cuban

    'Mark Cuban Is Wrong': Bernie Sanders Defends Lina Khan as 'Best FTC Chair in Modern History'

    "By taking on corporate greed and illegal monopolies, [the FTC chair] is doing an exceptional job preventing large corporations from ripping-off consumers and exploiting workers," said the U.S. Senator from Vermont.

    Jon Queally
    Oct 09, 2024

    After billionaire entrepreneur and investor Mark Cuban this week said publicly that he would get rid of Federal Trade Commission chair Lina Khan if he had the chance, Sen. Bernie Sanders pushed back Tuesday by calling her the best person to hold the powerful regulatory post in a long time.

    Speaking at a luncheon event hosted by the health policy news outlet KFF in California, Cuban—the outspoken billionaire known for his appearances on the television show Shark Tank and who has endorsed Democratic Vice President Kamala Harris for president—responded to a question about retaining Khan if Harris won November's election by saying, "If it was me, I wouldn't."

    Keep ReadingShow Less
    News
    lina khan
    Billionaire LinkedIn founder Reid Hoffman

    NYT Gives 'Whining' Megadonors a Platform to Push Harris Against Taxing the Rich

    "I'm shocked, shocked, I tell you that Wall Street billionaires and Silicon Valley tech bros are trying to convince a presidential candidate to abandon her commitment to tax them," said the chair of the Patriotic Millionaires.

    Jake Johnson
    Aug 30, 2024

    The United States' "paper of record" gave ultra-rich investors and corporate executives a platform on Thursday to sound off against Vice President Kamala Harris' support for a tax on unrealized capital gains, a popular proposal that has stirred howls of complaint from Silicon Valley elites whom Harris used to represent in the Senate.

    The New York Times story—headlined "Donors Quietly Push Harris to Drop Tax on Ultrawealthy"—quotes billionaire investor Mark Cuban; Aaron Levie, CEO of the cloud storage firm Box; Charles Myers, the founder of Signum Global Advisors; and others who have backed Harris' presidential bid.

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    News
    kamala harris
    Billionaire LinkedIn founder Reid Hoffman

    Billionaire Megadonor Draws Backlash for Urging Kamala Harris to Fire Lina Khan

    "He's pushing her to go soft on corporate power, which is certainly not where voters are."

    Jake Johnson
    Jul 25, 2024

    A billionaire megadonor's call for Vice President Kamala Harris to fire Federal Trade Commission Chair Lina Khan if the presumptive Democratic nominee wins in November drew swift backlash from progressives on Thursday, with Sen. Bernie Sanders citing the demand as yet another example of "why we have to overturn Citizens United and end big money in politics."

    Reid Hoffman, the billionaire founder of LinkedIn and a major Democratic benefactor, told CNN that he believes Khan is "waging war on American business" and expressed hope that a President Harris would replace the FTC chair, who has used her position to aggressively fight corporate concentration that harms consumers and small businesses.

    Keep ReadingShow Less
    News
    lina khan
    Omar, AOC, Pressley

    Progressives in Congress Back Harris as Small Donations Mount

    "Kamala Harris will defeat Donald Trump not only because she offers a stronger economic vision, but because she will defend the fundamental rights and freedoms that MAGA Republicans are attacking across the nation."

    Jessica Corbett
    Jul 22, 2024

    Several progressive members of Congress and organizations have endorsed U.S. Vice President Kamala Harris since President Joe Biden on Sunday exited the contest and expressed his support for her becoming the Democratic presidential nominee.

    Three of the four original "Squad" members—Democratic Reps. Alexandria Ocasio-Cortez (N.Y.), Ilhan Omar (Minn.), and Ayanna Pressley (Mass.) swiftly backed the vice president to face former Republican President Donald Trump and his newly announced running mate, Sen. JD Vance (R-Ohio), in November.

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    News
    kamala harris
    Joe Biden

    On Gaza, Is Biden Choosing Donors Over Voters?

    In total, 9 out of the 25 donors who gave more than $900,000 to the Biden Victory Fund had either contributed funds to staunchly pro-Israel groups or made statements that showed a strong pro-Israel bias.

    Eli Clifton
    May 17, 2024

    A New York Times poll released this week found that 13% of voters defecting from U.S. President Joe Biden, those who voted for him in 2020 but will not do so in November, cite his handling of foreign policy and Israel’s war in Gaza as the reason for pulling their support. But an investigation by Responsible Statecraft finds that those same policies likely benefit the president’s re-election campaign in a different way: his biggest funders happen to support them.

    A review of campaign contributions, philanthropy, and public statements reveals that over one third of the president’s top tier funders—those giving in excess of $900,000 to the Biden Victory Fund—appear to see little nuance in the conflict and show overwhelming sympathy for Israel, at times verging into outright hostility to Palestinians and anti-Muslim bigotry.

    Keep ReadingShow Less
    Opinion
    joe biden
    Rep. Rashida Tlaib

    The Attacks on Rashida Tlaib Are Attacks on the Ethos of Pluralist Democracy

    Rashida Tlaib is pro-Palestinian. And that, apparently, is not okay.

    Jeffrey C. Isaac
    Nov 13, 2023

    Rashida Tlaib is a very controversial woman.

    She is very outspoken—in her criticisms of Donald Trump (“Impeach the Motherfucker”) and her criticisms of U.S. foreign policy.

    Keep ReadingShow Less
    Opinion
    rashida tlaib
    Reid Hoffman

    Progressives Explain Why Centrist Tech Billionaires Won't Save the Democrats

    The newly launched Win the Future initiative has been panned as just another "centrist push" by self-interested billionaires.

    Jake Johnson
    Jul 05, 2017

    In a move already being denounced by progressives as "tone-deaf" and "literally the stupidest f------ idea" ever, tech billionaires Mark Pincus and Reid Hoffman have launched an initiative titled Win the Future (WTF) with the goal of bringing the Democratic Party back from the political wilderness.

    "The weakness of the Democratic Party is not due to an underrepresentation of venture capitalists and tech company board members."
    --Alex Lawson, Social Security Works

    Keep ReadingShow Less
    News
    billionaires
    See More

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