March
2017
Wednesday, June 26, 2013
Nation of Change
Submitted by: Editor

6 Ways 1 Percent Control Our Elections

According to the Sunlight Foundation, in the 2012 election cycle, 28 percent of all disclosed donations—that’s $1.68 billion—came from just 31,385 people.

The Sunlight Foundation report** concluded:

  1. The median donation from the 1 percent of the 1 percent was $26,584. That’s more than half the median family income in America.
  2. The 28.1 percent of total money from the 1 percent of the 1 percent is the most in modern history. It was 21.8 percent in 2006, and 20.5 percent in 2010. 
  3. Megadonors are very partisan. Four out of five 1-percent-of-the-1-percent donors gave all of their money to one party or the other. 
  4. Every single member of the House or Senate who won an election in 2012 received money from the 1 percent of the 1 percent. 
  5. For the 2012 elections, winning House members raised on average $1.64 million, or about $2,250 per day, during the two-year cycle. The average winning senator raised even more: $10.3 million, or $14,125 per day
  6. Of the 435 House members elected last year, 372—more than 85 percent—received more from the 1 percent of the 1 percent than they did from every single small donor combined. 

**Please note that this study doesn't discriminate based on political affiliation.

Posted by Editor on 06/26/13 at 10:57 AM •  (0) Comments

Share Your Ire

blog comments powered by Disqus
Vile Quotes

"America does not have an aristocracy or a plutocracy."
Art Pope

graphic