 Share
|
« Previous Politics | Next Politics » |
Email
Print
|
Freedom's Deep, Deep, Deep Pockets
By
You've probably heard about the Democrats' fundraising edge thus far in terms of congressional campaign committee fundraising. Well, Brad Plumer notes that that edge will be blown way out of the water if Sheldon Adelson's "Freedom's Watch" outfit really spends $250 million on the 2008 elections.
It's always worth keeping in mind that inequality in the United States has allowed certain concentrations of wealth to exist that, in principle, mean things could get really crazy. Adelson could decide that $250 million is chump change and that he actually wants to spend five billion dollars on the 2008 election, and then give $1 billion to each of his five children, and then then live very comfortably for the rest of his life on his remaining $1.5 billion. Now I'm not saying that's going to happen, but it could. And Adelson's only #15 on the Forbes 400 list.
It's always worth keeping in mind that inequality in the United States has allowed certain concentrations of wealth to exist that, in principle, mean things could get really crazy. Adelson could decide that $250 million is chump change and that he actually wants to spend five billion dollars on the 2008 election, and then give $1 billion to each of his five children, and then then live very comfortably for the rest of his life on his remaining $1.5 billion. Now I'm not saying that's going to happen, but it could. And Adelson's only #15 on the Forbes 400 list.
Join the Discussion
After you comment, click Post. If you’re not already logged in you will be asked to log in or register. blog comments powered by Disqus