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"In the 2018 midterms," writes Reich, "Americans demanded an end to the corruption. And there are signs lawmakers are finally getting message. House Democrats' first piece of legislation aims to end the big-money takeover." (Image: Reich / Inequality Media Civic Action)
The most important thing we must do to save our democracy is get big money out of politics. It's a prerequisite to accomplishing everything else.
Today, big money continues to corrupt American politics - creating a vicious cycle that funnels more wealth and power to those at the top and eroding our democracy.
In the 2018 midterm elections, wealthy donors and Super-PACs poured millions into the campaigns of the same lawmakers who voted to pass the 2017 tax cuts, which gave them huge windfalls.
Consider conservative donors Sheldon and Miriam Adelson, whose casino business received an estimated $700 million windfall, thanks to Trump and Republicans' tax cuts. The couple then used some of this extra cash to plow more than $113 million dollars into the 2018 election, breaking the record for political contributions by a single household.
That's not a bad return on investment - for them.
All told, almost 40 percent of total contributions in the 2018 midterms came from people who donated $10,000 or more. Yet these mega-donors comprise a tiny 0.01 percent of the U.S. population.
It's a worsening vicious cycle: Lawmakers cut taxes and slash regulations for their wealthy campaign donors. Mega-donors and corporations funnel some of that money back into our political system to keep their lackeys in power. Politicians then propose another round of tax cuts, subsidies or bailouts to secure even more donations.
If this isn't corruption, I don't know what is. It also breeds cynicism in our democracy. The game seems rigged because it is. A 2015 poll found that the majority of Americans say lawmakers are corrupt, out of touch with their constituents, and beholden to special interests.
In the 2018 midterms, Americans demanded an end to the corruption. And there are signs lawmakers are finally getting message. House Democrats' first piece of legislation aims to end the big-money takeover.
We must end this vicious cycle in order to reclaim our democracy. We must get big money out of politics. Now.
This country and this world are at a monumental crossroads. US voters have an opportunity to beat back the forces of fascism and confront the billionaires who are rigging the economy, our media system, and our democracy, making it increasingly impossible for ordinary people to get by. We’re not just talking about the election. We’re talking about what must be done once these fascist elements are vanquished from power. We need a bolder set of solutions than what either major party has so far been willing to offer and a working-class movement ready to fight like hell for it. Trump didn't emerge from nowhere. The conditions that fueled MAGA authoritarianism were created by decades of radical neoliberal economic policies and a corrupt political system dominated by corporate interests. They slashed taxes on the super-rich, promising that the benefits would trickle down. They said giveaways to the corporate titans would make life more affordable for the rest of us. It was all bullshit. And when a bitter, betrayed populace searches for someone to blame, right-wing demagogues have little trouble finding scapegoats. People know when they're being lied to, but you won't hear any of this from the corporate media. Only independent journalism—powered and funded by people who believe in building a better world—can deliver truly trustworthy daily news. If you share our vision, please contribute whatever you can to sustain our work. |
The most important thing we must do to save our democracy is get big money out of politics. It's a prerequisite to accomplishing everything else.
Today, big money continues to corrupt American politics - creating a vicious cycle that funnels more wealth and power to those at the top and eroding our democracy.
In the 2018 midterm elections, wealthy donors and Super-PACs poured millions into the campaigns of the same lawmakers who voted to pass the 2017 tax cuts, which gave them huge windfalls.
Consider conservative donors Sheldon and Miriam Adelson, whose casino business received an estimated $700 million windfall, thanks to Trump and Republicans' tax cuts. The couple then used some of this extra cash to plow more than $113 million dollars into the 2018 election, breaking the record for political contributions by a single household.
That's not a bad return on investment - for them.
All told, almost 40 percent of total contributions in the 2018 midterms came from people who donated $10,000 or more. Yet these mega-donors comprise a tiny 0.01 percent of the U.S. population.
It's a worsening vicious cycle: Lawmakers cut taxes and slash regulations for their wealthy campaign donors. Mega-donors and corporations funnel some of that money back into our political system to keep their lackeys in power. Politicians then propose another round of tax cuts, subsidies or bailouts to secure even more donations.
If this isn't corruption, I don't know what is. It also breeds cynicism in our democracy. The game seems rigged because it is. A 2015 poll found that the majority of Americans say lawmakers are corrupt, out of touch with their constituents, and beholden to special interests.
In the 2018 midterms, Americans demanded an end to the corruption. And there are signs lawmakers are finally getting message. House Democrats' first piece of legislation aims to end the big-money takeover.
We must end this vicious cycle in order to reclaim our democracy. We must get big money out of politics. Now.
The most important thing we must do to save our democracy is get big money out of politics. It's a prerequisite to accomplishing everything else.
Today, big money continues to corrupt American politics - creating a vicious cycle that funnels more wealth and power to those at the top and eroding our democracy.
In the 2018 midterm elections, wealthy donors and Super-PACs poured millions into the campaigns of the same lawmakers who voted to pass the 2017 tax cuts, which gave them huge windfalls.
Consider conservative donors Sheldon and Miriam Adelson, whose casino business received an estimated $700 million windfall, thanks to Trump and Republicans' tax cuts. The couple then used some of this extra cash to plow more than $113 million dollars into the 2018 election, breaking the record for political contributions by a single household.
That's not a bad return on investment - for them.
All told, almost 40 percent of total contributions in the 2018 midterms came from people who donated $10,000 or more. Yet these mega-donors comprise a tiny 0.01 percent of the U.S. population.
It's a worsening vicious cycle: Lawmakers cut taxes and slash regulations for their wealthy campaign donors. Mega-donors and corporations funnel some of that money back into our political system to keep their lackeys in power. Politicians then propose another round of tax cuts, subsidies or bailouts to secure even more donations.
If this isn't corruption, I don't know what is. It also breeds cynicism in our democracy. The game seems rigged because it is. A 2015 poll found that the majority of Americans say lawmakers are corrupt, out of touch with their constituents, and beholden to special interests.
In the 2018 midterms, Americans demanded an end to the corruption. And there are signs lawmakers are finally getting message. House Democrats' first piece of legislation aims to end the big-money takeover.
We must end this vicious cycle in order to reclaim our democracy. We must get big money out of politics. Now.