The Affluent Ante Up for the Presidency – The New York Times

The Affluent Ante Up for the Presidency – The New York Times.

The stark, sad truth of modern campaigning is that a small pool of the richest Americans is making the candidates in both parties increasingly dependent on special-interest money. Fewer than 400 of the nation’s most affluent families have supplied almost half of the money raised so far by presidential candidates in both parties, according a survey of federal campaign data by The Times.

The irony of the Republican presidential debate was that only the billionaire front-runner Donald Trump dared to hint at the threat to democracy posed by the power of the ultrarich in the campaign marketplace. “Our system is broken,” Mr. Trump said in bragging that he had routinely donated to many politicians, including rivals on the stage, in his eagerness to secure influence as a power businessman.

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