Almost All Americans Believe the Ultra Rich Have Too Much Power
Across the board the American people overwhelming think too much power in this country is concentrated in the hands of a few very rich people and very large corporations. A full 77 percent of the country shares this opinion including even a majority, 53%, of Republicans. From Pew:
I imagine the reason most Americans feel this way is because it is so incredibly obvious that the super rich do have way too much power.
You would think in a democracy the government would try to do something to fix this problem, but of course most of the people who control the media are part of the 1%, most members of Congress are part of the 1%, and critically, people running for office are completely dependent on getting large campaign donations from the ultra-wealthy. No one in office wants to bite the hand of the people who paid to get them there.
For decades now we unfortunately have been falling down a negative death spiral. It is too hard to fix the underlying problems because the rich already have enough power to stop any reform, which means the rich will gain even more power making it even harder to pursue reform in the future.
We need to finally break the cycle of big money buying political power to get favorable government treatment to make even more money. We need public financing of elections and tough new restrictions against the common forms of indirect bribery in Washington.
And just as a side note to make it perfectly clear that the rich have too much power and why they have too much power, today we find out some billionaire is planning to spend $20 million to help get Newt Gingrich elected.