Will Money Talk?
"Corporations are people, my friends," said
The result -- as TV viewers in contested presidential states, or in states with contested
What is going on? Clearly, the super rich, the big banks, the corporations are looking to buy these elections.
Consider Romney's agenda. He's for tax cuts for the rich, for ending the estate tax that applies to multimillion-dollar fortunes, for sustaining the "carried interest deduction" that allows private-equity millionaires like himself to pay lower tax rates than the police who patrol their streets. It goes on. He's for a "territorial corporate tax system" that would exempt corporations for any profits earned or reported abroad. This essentially turns the world into a potential tax haven, encouraging companies to move jobs or report profits overseas. No one has been more creative at that than Romney's own company,
With inequality reaching Gilded Age levels, the super-rich are once more looking to buy protection. They are also looking to eliminate any competition.
Sounds equitable, right? Except corporate executives don't use payroll deductions to raise political money, only unions do. CEOs can take the money directly from the corporate till if they choose (without a vote by stockholders). Or, more often, the CEO hosts a fundraiser or two. Company executives are invited; they are "encouraged" to donate. Records are kept.
So, as the
Big money is free to speak, the conservatives on the
We've never witnessed this level of big money in our politics. We've not seen this systematic effort to make voting more difficult since the days of the segregated South. We've not seen this effort to suppress union participation since the Gilded Age.
This is no accident.
The richest 1 percent is capturing more of the nation's income and wealth than any time since the 1920s. And they pay the lowest tax rates since that time. They are mobilizing to protect their privilege. The only question is whether they will get away with it.
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Will Money Talk? | Politics
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