Kenneth Griffin

One Percenters Buying Themselves an Aristocracy

The U.S. Constitution guarantees separation of church and state. What this nation needs now is separation of wealth and state.

Without such a protection, Americans stand to lose their democracy. They’ll be ruled instead by an aristocracy of 1 percenters.

That’s the 1 percenters’ plan. To them, it was no more than a perk when the U.S. Supreme Court enabled politicians to open their wallets for unlimited, anonymous campaign contributions. That’s because way before the 2010 Citizens United ruling, 1 percenters were working on a takeover. If the 99 percent don’t stop them soon, don’t establish some sort of separation of wealth and state, then the nation will lose its founding precepts — that all men are created equal and that governments derive their just powers from the consent of the governed. Aristocracies can ignore the governed.

Already the 1 percenters have been extraordinarily successful. The rich really do enjoy advantages. They’ve succeeded in stuffing Congress with their peers. In America, fewer than 1 percent of all people are millionaires. In Congress, 47 percent are. The median net worth of a U.S. senator in 2010 was $2.56 million.

To read this incisive article by Leo W. Gerard, President of the United Steelworkers, please click here

Right-Wing Billionaires Behind Mitt Romney

They’re trying to buy a presidency – and they expect a big payoff on their investment

Presidential politics has always been a rich man’s game. But now, thanks to the Supreme Court ruling in Citizens United that upended decades of limits on campaign donations, financing a presidential race is the exclusive domain of the kind of megadonor whose portfolios make Mitt Romney look middle-class. “I have lots of money, and can give it legally now,” Texas billionaire and top GOP moneyman Harold Simmons recently bragged to The Wall Street Journal. “Just never to Democrats.”

To read this excellent piece from Tim Dickinson, please click here