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What happens when billionaires try to take over politics? 'Revolt' and 'civil war': Elson warns
MSNBC· 2025-11-21 22:14
Political Donations & Influence - The wealthiest 100 Americans spent $1 billion (十亿) in federal election donations in 2024 [1] - One out of every $13 (7.69%) spent in federal election donations comes from the wealthiest 100 Americans [2] - 80% of the money from the wealthiest 100 Americans is going to the Republican party [2] - A significant portion of the money donated by billionaires may be ineffective, as some donations are directed towards losing campaigns [9] - Donations from the elite to figures like Donald Trump could alienate popular support and benefit Democrats [11][12] Wealth Inequality & Historical Parallels - Mass wealth inequality has historically led to revolt, violence, and civil war [4][5] - The top 0.00006% (19 households) control 2% of all the wealth in America [24] - The top 1% controls half of the entire market cap of the S&P 500 [24] - The top 10% account for half of all consumer spending, a record high [24] Political System & Campaign Finance - The Citizens United decision has led to an increase in the influence of super PACs and large donors [16][17] - Current Supreme Court rulings prevent limits on political speech, hindering campaign finance reform [20]