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Friday, January 6th, 2023

Millionaires and billionaires are bankrolling a ‘radically anti-democratic agenda’

Author:     Alex Henderson
Source:     AlterNet
Publication Date:     May 23, 2022
 Link: Millionaires and billionaires are bankrolling a ‘radically anti-democratic agenda’
Stephan:   This is all the result of the wealth inequality that pervades this country because our tax code has been rigged to grotesquely favor the uber-rich. We have a cadre of them, who want to end our democracy, and because our Congress both Democrats and Republicans, but particularly Republicans, have lacked the spine to recognize this and deal with this inequality now we have Peter Thiel, Elon Musk, Charles Koch, and a small group of other uber-rich, who want a country like Russia ruled by oligarchs. And no one is held accountable for what they are doing. We need a Congress with the integrity to do what needs to be done, not the clown show the Republicans are putting on in the House this week. The question is: do the American voters finally get this? Do you?
Aspirational Oligarch Peter Thiel

Liberal economist Robert Reich examines a disturbing trend in an op-ed published by The Guardian on May 23: millionaires and billionaires funding Republican candidates who are overtly anti-democracy.

“Decades ago,” Reich writes, “America’s monied interests bankrolled a Republican establishment that believed in fiscal conservatism, anti-communism and constitutional democracy. Today’s billionaire class is pushing a radically anti-democratic agenda for America — backing Trump’s lie that the 2020 election was stolen, calling for restrictions on voting and even questioning the value of democracy.”

In an op-ed for the Cato Institute’s website back in 2009, Peter Thiel wrote, “I no longer believe that freedom and democracy are compatible.” Thiel has also written that the term “capitalist democracy” is an oxymoron. And such statements, according to Reich, speak volumes about his outlook.

“Thiel has donated at least $10m to the Arizona Republican primary race of Blake Masters, who also claims Trump won the 2020 election and admires Lee Kuan Yew, the authoritarian founder of modern Singapore,” Reich notes. “The former generation of wealthy conservatives […]

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1 Comment

  1. Rev. Dean on Saturday, January 7, 2023 at 4:06 pm

    I know I “get it”, but doubt if any Republicans ever will.