More grist for this mill.
80 percent of super PAC money spent in the presidential election so far has come from just 196 Americans. As Upworthy points out, that's less than the capacity of a single Boeing 767....
...Whispers checked in with the Center for Public Integrity to look at the top five of those 196 donors. And, surprise surprise, as of the June FEC filing, 4 of the top 5 biggest super PAC donors support Republican candidates.
If Romney does win (and I'd say right now he's got a 40-50% shot), it will say a lot about whether we have an oligarchy or a democracy. Not spin, just the facts.
While they sure as hell ought to be shocking, these numbers are hardly surprising:
It’s no secret that some very rich people support the super PACs and other groups that have inundated the 2012 campaign with unlimited sums of cash. But a study released Thursday details the extent to which this kind of donating is the sport of the One Percent.
Just 47 people account for more than half (57.1 percent) of the $230 million raised by super PACs from individual donors, according to the study by US Public Interest Research Group and Demos, two liberal research and advocacy organizations. Just over 1,000 donors giving $10,000 or more were responsible for 94 percent of the money raised.
‘‘One might think of today’s outside spending groups as megaphones for moguls and millionaires,’’ write coauthors Blair Bowie and Adam Lioz. ‘‘The more money they pump in, the louder they’re able to amplify their voices — until a relatively few wealthy individuals and interests are dominating our public square, drowning out the rest of us.’’
Business as usual in the Citizens United plutocracy. But here's the perspective that I thought was worth posting:
At the top of the individual donor pyramid is billionaire casino magnate Sheldon Adelson and his wife, Miriam. They have given (along with their children) more than $36 million ... More recently, the couple contributed $10 million to Restore Our Future, the super PAC founded by a group of former aides to Romney, the presumptive GOP nominee. ... it would take 321,000 middle-income families, donating an equivalent share of their wealth (0.15 percent), to match the Adelsons’ giving.
(edit because quoting is HARD)