How billionaires destroy democracy - Wall Street - Salon.com
...So far, however, the privileged elite have mostly managed to protect and even enhance their financial position, with the Wall Street crowd using its clout to win a massive $4.7 trillion bailout. The elite have also managed to derail attempts to raise their taxes. The very rich seem poised to dismantle programs that are vital to the well-being of millions of ordinary Americans and that for decades seemed politically untouchable.
Mark Hanna may well have identified a crude truth about American politics when he said “There are two things that are important in politics. The first is money and I can’t remember what the second is.” Perhaps the second thing, which the Republican strategist so casually forgot, is that it matters how widely money is distributed. We therefore offer up a corollary to Hanna’s rule: When money is distributed more equally in society, ordinary citizens speak with louder voices, making meaningful democracy possible.
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