politics
March 15, 2026
America needs a movement to curb billionaires' power
The country’s 900 billionaires have far too much influence over our government and economy. Here’s how we can reduce the power of the ultra-rich
TL;DR
- Billionaires have disproportionate influence over US elections, government policies, and media, creating a new Gilded Age.
- Billionaire political donations and media control shape public discourse and policy, often to their own benefit.
- Examples include billionaire support for authoritarian figures, influencing news outlets, and funding campaigns to oppose regulation.
- Tax cuts and legislation often favor the ultra-rich, further concentrating wealth and power.
- Proposed solutions to curb billionaire influence include overturning Citizens United, increasing transparency in donations, public financing of elections, and implementing a wealth tax.
- Public opinion shows growing concern over billionaire power, with significant support for a wealth tax and limits on wealth accumulation.
- Historical parallels exist with plutocrats challenging the New Deal, highlighting the ongoing struggle against concentrated wealth and power.
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