It's Not the 1 Percent Controlling Politics. It's the 0.01 Percent.

This is the kind of thing that worries me: for the past few decades, money has been flowing from the average American to the very tippy-top of the ultra-rich, at the same time that laws have been [re-]written to allow them more control over political campaigns...

Even before presidential candidates started lining up billionaires to kick-start their campaigns, it was clear that the 2016 election could be the biggest big-money election yet. This chart from the political data shop Crowdpac illustrates where we may be headed: Between 1980 and 2012, the share of federal campaign contributions coming from the very, very biggest political spenders—the top 0.01 percent of donors—nearly tripled:...

If we believe in the "marketplace of ideas" that democracy is supposed to represent, we need to change the way political campaigns are financed.