The Florida primary results and are in, and if you happened to be a billionaire running for office, they weren’t pretty.
Michael Moore dedicated a portion of his 2009 documentary, “Capitalism: A Love Story,” to a leaked Citibank document that explained to the banks investors and other wealthy constituents the United States had become a plutonomy — that is, a plutocratic economy where the richest 1% control more wealth than the bottom 99%.
In the future, the only potential pitfall the top 1% may encounter is those pesky voting laws, which assign the power of a single vote to a single person — a social right attributed to any human born in the United States. The unwashed masses still control who enters the government, ostensibly dictating financial policy.
This document gave body to the standard figments of working-class paranoia: fat-cat bankers running the world while Big Brother watched over them.
Are there sinister forces at work trying to change voting rights? Keep in mind, we live in the country that invented the three-fifths compromise. Would the top 1% eventually like to see voting rights attached to personal income? Hm. I wonder if they would like to keep the Bush tax cuts, too?
Admittedly, the idea is probably useless conjecture within wild liberal speculation. But two weeks ago Republicans did try to repeal the part of the 14th Amendment that grants citizenship to anyone born in the U.S., a bold maneuver to get rid of votes that the GOP could never get their hands on.
In Florida, Jeff Greene, a billionaire who betted against the sub-prime market, lost roundly in the Democratic Senate race, despite pouring millions of dollars into his campaign.
Time will tell throughout the election season if the trend continues, but perhaps the days of eating the rich are finally upon us.