The Washington Post reported this month that the 17 groups that are funded by conservative donors Charles and David Koch “raised at least $407 million during the 2012 campaign” — more than Democrats and Republicans spent in the entire 2000 election. Harvard economics professor Edward L. Glaeser argues that as the rich become richer and secure more political influence, they support policies that make them wealthier at the expense of everyone else. “If the rich can influence political outcomes through lobbying activities or membership in special interest groups, then more inequality could lead to less redistribution rather than more,” he explained in a 2006 paper.
Posted on: Wed, 29 Jan 2014 05:17:42 +0000
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